GLOBAL MINDS INITIATIVE INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

PEYTON KLEIN

Phone

4122817970

Tax Period

2019-09-01 to 2020-08-31

GLOBAL MINDS INITIATIVE INC, founded in 2016, is a small nonprofit that reported $241K in total revenue in fiscal year 2019. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $97K, a strong 40% operating margin.

Mission

GLOBAL MINDS INITIATIVE IS A FOR-YOUTH, BY-YOUTH ORGANIZATION CREATED TO COMBAT THE ISSUES OF CULTURAL INTOLERANCE AND DISCRIMINATION THROUGH AN AFTER SCHOOL TUTORING PROGRAM BETWEEN ENGLISH-AS-A-SECOND-LANGUAGE (ESL) AND NATIVE ENGLISH SPEAKING (NES) STUDENTS.GLOBAL MINDS INITIATIVE SERVES AS AN EDUCATIONAL SUPPORT SYSTEM FOR ESL STUDENTS, WHILE EDUCATING NES STUDENTS ABOUT OTHER CULTURES, IN ORDER TO CREATE MORE GLOBALLY MINDED YOUNG LEADERS.

Program Service Accomplishments

Program 1

Expenses: $120,271

GLOBAL MINDS INITIATIVE SERVES AS AN EDUCATIONAL SUPPORT SYSTEM FOR ESL STUDENTS, WHILE EDUCATING NES STUDENTS ABOUT OTHER CULTURES, IN ORDER TO CREATE MORE GLOBALLY MINDED YOUNG LEADERS.

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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%)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $241,286

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $241,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,968

Fundraising Expenses $0

Program Expenses $120,271

Other Expenses $80,619

TOTAL EXPENSES $144,587

Year-over-Year Comparison

	2019	2018	Change
Revenue	$241,286	$362,691	-0.3%
Expenses	$144,587	$206,734	-0.3%
Net Income	$96,699	$155,957	-0.4%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN BOLDING	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
PEYTON KLEIN	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
GISELE FETTERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNA BARON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MORELY	DIRECTOR	1.00	Director	$0	$0	$0
JASMINE HUFF	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA HANDY	DIRECTOR	1.00	Director	$0	$0	$0
BETTY CRUZ	DIRECTOR	1.00	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
2020	$241,286	$144,587	$267,503	$96,699
2020	$18,171	$38,166	No data	$-19,995
2019	$362,691	$206,734	$169,350	$155,957