GEC School

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

Galina Legky

Phone

6148510434

Tax Period

2023-01-01 to 2023-12-31

GEC School, founded in 2018, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 121% from the prior year, signaling strong growth momentum. The organization ran a surplus of $797K, a strong 28% operating margin.

Mission

GEC Schools mission is to glorify God through the training of students in all aspects of their life with an emphasis on their Slavic culture. This is acheived through a Christ-centered education based on biblical truth, and offering a curriculum emphasizing higher level of academia, which leads to the formation of the character of God within.

Program Service Accomplishments

Program 1

Expenses: $1,971,125 Revenue: $1,877,887

Direct education revenue and expenses associated with providing educational services to the students of GEC School.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,003,414

Program Service Revenue $1,877,887

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,881,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $985,667

Fundraising Expenses $0

Program Expenses $1,971,125

Other Expenses $1,098,187

TOTAL EXPENSES $2,083,854

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,881,301	$1,301,288	+1.2%
Expenses	$2,083,854	$1,154,592	+0.8%
Net Income	$797,447	$146,696	+4.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$67,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Galina Legky	Manager / Director	40.00	Director	$67,500	$0	$67,500
Aleksandr Yakhnitskiy	Board Member	5.00	Director	$0	$0	$0
Aleksandr Matyuk	Board Member	5.00	Director	$0	$0	$0
Olesya Babyak	Board Member	5.00	Director	$0	$0	$0
Ivan Lavrishin	Board Member	5.00	Director	$0	$0	$0
Nataliia Zubkevych	Board Member	20.00	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
2024	No data	No data	No data	No data
2023	$2,881,301	$2,083,854	$1,598,070	$797,447
2022	$1,301,288	$1,154,592	$800,606	$146,696
2021	$900,506	$825,491	$655,273	$75,015
2020	$1,087,362	$566,465	$577,626	$520,897
2019	$301,453	$253,925	$274,292	$47,528