GLOBAL PARTNERSHIPS

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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

2002

Legal Domicile

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 IS AN IMPACT-FIRST INVESTMENT FUND MANAGER WHOSE CHARITABLE MISSION IS TO EXPAND OPPORTUNITY FOR PEOPLE LIVING IN POVERTY IN DEVELOPING COUNTRIES AROUND THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $12,494,096 Revenue: $12,036,974

AS OF JUNE 30, 2025, GLOBAL PARTNERSHIPS (GP), ALMOST ENTIRELY THROUGH ITS SUBSIDIARY FUNDS, HAD MORE THAN $182 MILLION INVESTED IN 86 MICROFINANCE INSTITUTIONS, SOCIAL BUSINESSES AND COOPERATIVES IN 29 COUNTRIES IN LATIN AMERICA, THE CARIBBEAN AND SUBSAHARAN AFRICA. GP INVESTS IN SOCIAL ENTERPRISES WITH SUSTAINABLE SOLUTIONS THAT HELP IMPOVERISHED PEOPLE INCREASE THEIR INCOMES AND IMPROVE THEIR LIVES, WITH INVESTMENTS IN 15 DISTINCT INITIATIVES THAT ADDRESS FACETS OF POVERTY ACROSS LIVELIHOODS, EDUCATION, ENERGY, HEALTH, HOUSING, AND SANITATION. THE VAST MAJORITY (MORE THAN 95%) OF THE FUNDS INVESTED BY GLOBAL PARTNERSHIPS ARE INVESTED WITH MICROFINANCE INSTITUTIONS.

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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 (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

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

$658,115

Total Directors

Key Employees

$426,675

Highest Compensated

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