GIRDWOOD INC

EIN: 770631498 501(c)(3) Community Improvement

GIRDWOOD, AK

Total Revenue
$726,279
Total Expenses
$1,056,709
Total Assets
$3,653,083
Net Assets
$3,648,252
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
AK
Principal Officer
DALE GOODWIN
Phone
9077832128
Tax Period
2024-01-01 to 2024-12-31

GIRDWOOD INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $726K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 45% operating deficit.

Mission

GIRDWOOD, INC. IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES TO FACILITATE THE PUBLIC SERVICE NEEDS OF THE GIRDWOOD VALLEY AND TO PURSUE OTHER EDUCATIONAL AND CHARITABLE PURPOSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $526,992
Program Service Revenue $29,592
Investment Income $11,582
Other Revenue $158,113
TOTAL REVENUE $726,279

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,378
Fundraising Expenses $0
Program Expenses $970,226
Other Expenses $975,331
TOTAL EXPENSES $1,056,709

Year-over-Year Comparison

2024 2023 Change
Revenue $726,279 $952,986 -0.2%
Expenses $1,056,709 $454,018 +1.3%
Net Income $-330,430 $498,968 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
6
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNNE' DORAN SECRETARY 1.00
Officer Director
$0 $0 $0
ALEXANDRA FLETCHER DIRECTOR 0.50
Director
$0 $0 $0
DALE GOODWIN PRESIDENT 2.00
Officer Director
$0 $0 $0
HANK HOSFORD DIRECTOR 0.50
Director
$0 $0 $0
DIANA STONE LIVINGSTON DIRECTOR 0.50
Director
$0 $0 $0
RICH PETERSON DIRECTOR 0.50
Director
$0 $0 $0
SHARON PRUSZKO DIRECTOR 0.50
Director
$0 $0 $0
JOHN RENSE VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MATTHEW SCHECHTER TREASURER 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $726,279 $1,056,709 $3,653,083 $-330,430
2023 $952,986 $454,018 $3,979,003 $498,968
2022 $1,835,276 $233,042 $3,480,860 $1,602,234
2021 $228,445 $199,163 $1,835,616 $29,282
2020 $183,000 $254,758 $1,806,249 $-71,758
2019 $319,594 $265,552 $1,878,963 $54,042
2018 $312,282 $269,037 $1,824,921 $43,245
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