GLOBAL PARTNERSHIPS

EIN: 820574491 501(c)(3) Mental Health

SEATTLE, WA

Total Revenue
$16,058,818
Total Expenses
$13,779,684
Total Assets
$245,145,553
Net Assets
$28,133,473
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
WA
Principal Officer
MICHAEL T GALGON
Phone
2066528773
Tax Period
2024-07-01 to 2025-06-30

GLOBAL PARTNERSHIPS, founded in 2002, is a mid-sized nonprofit in the Mental Health sector that reported $16.1M in total revenue in fiscal year 2024. Expenses of $13.8M left a modest 14% surplus.

Mission

GLOBAL PARTNERSHIPS' MISSION IS TO EXPAND OPPORTUNITY FOR PEOPLE LIVING IN POVERTY.

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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 $1,739,371
Program Service Revenue $12,036,974
Investment Income $2,282,291
Other Revenue $182
TOTAL REVENUE $16,058,818

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,792,512
Fundraising Expenses $360,025
Program Expenses $12,494,096
Other Expenses $8,987,172
TOTAL EXPENSES $13,779,684

Year-over-Year Comparison

2024 2023 Change
Revenue $16,058,818 $15,867,523 +0.0%
Expenses $13,779,684 $10,629,670 +0.3%
Net Income $2,279,134 $5,237,853 -0.6%
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

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Governance

Voting Members
15
Independent Members
10
Employees
26
Volunteers
17

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
6
$658,115
Total Directors
15
$0
Key Employees
1
$426,675
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK BECKETT CEO THRU 06/24 0.00
Key Emp
$333,167 $93,508 $426,675
MEGAN MUIR COO & GENERAL COUNSEL 40.00
Officer
$222,466 $39,820 $262,286
TARA MURPHY FORDE CHIEF CAPITAL AND IMPACT OFFICER 40.00
Highest
$204,592 $49,053 $253,645
NATHALIA RODRIGUEZ CHIEF INVESTMENT OFFICER 40.00
Highest
$204,971 $27,633 $232,604
CURT FRASER CHIEF LENDING OFFICER 40.00
Highest
$195,333 $32,158 $227,491
JIM VILLANUEVA MANAGING DIRECTOR 40.00
Highest
$186,088 $23,575 $209,663
MIKE GALGON CEO 40.00
Officer
$182,372 $16,068 $198,440
MARK COFFEY PRESIDENT 40.00
Officer
$181,741 $15,648 $197,389
MICHAEL MCGINN VP OF FINANCE AND ADMINISTRATION 40.00
Highest
$149,920 $22,331 $172,251
BILL RICHTER BOARD PRESIDENT AND CHAIR 1.00
Officer Director
$0 $0 $0
DEIRDRE BLACK BOARD TREASURER 1.00
Officer Director
$0 $0 $0
PETER BLADIN BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
ALEX SILVA BOARD DIRECTOR 1.00
Director
$0 $0 $0
CARLY KISER BOARD DIRECTOR 1.00
Director
$0 $0 $0
ED LAZAR BOARD DIRECTOR 1.00
Director
$0 $0 $0
GREGG JOHNSON BOARD DIRECTOR 1.00
Director
$0 $0 $0
JANE STONECIPHER BOARD DIRECTOR 1.00
Director
$0 $0 $0
MAGGIE WALKER BOARD DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW MCBRADY BOARD DIRECTOR 1.00
Director
$0 $0 $0
ROBERT VAN CLEVE BOARD DIRECTOR 1.00
Director
$0 $0 $0
ROSARIO PEREZ BOARD DIRECTOR 1.00
Director
$0 $0 $0
SAMUEL SSENYIMBA BOARD DIRECTOR 1.00
Director
$0 $0 $0
TIM PORTER BOARD DIRECTOR 1.00
Director
$0 $0 $0
HILLARY MILLER-WISE BOARD 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
2025 $16,058,818 $13,779,684 $245,145,553 $2,279,134
2024 $15,867,523 $10,629,670 $224,106,895 $5,237,853
2023 $15,620,938 $11,209,776 $203,483,842 $4,411,162
2022 $15,094,750 $13,168,458 $181,973,037 $1,926,292
2021 $11,160,420 $10,875,048 $150,824,323 $285,372
2020 $11,875,067 $10,529,434 $152,126,195 $1,345,633
2019 $13,102,482 $10,237,208 $134,276,395 $2,865,274
2018 $8,383,897 $8,816,689 $114,755,816 $-432,792
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