GALATIANS 62 (EIN 833315573) - Form 990 Financial Analysis & Trantor Score

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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

2023

Legal Domicile

Principal Officer

April Frazier

Phone

8039730262

Tax Period

2023-01-01 to 2023-12-31

GALATIANS 62, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $201K in total revenue in fiscal year 2023.

Mission

We support underserved community members experiencing, unsheltered homelessness, food insecurity and economic setbacks. We provide resources such as food, toiletries, clothing, access to computers and network services as well as assistance applying for benefits. We do this through our various programs Food Pantry, Veteran 2 Veteran Household Items, Homeless Mobile Outreach and our low income Bridging the Gap Program.

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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 (2023)

Revenue Breakdown

Contributions & Grants $201,325

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $201,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,530

Program Expenses $135,550

Other Expenses $218,219

TOTAL EXPENSES $218,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,325	N/A	N/A
Expenses	$218,219	N/A	N/A
Net Income	$-16,894	$0	N/A

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

N/A

Employees

N/A

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
April Frazier	Executive Director	40	Director Key Emp	$0	$0	$0
Gracie Maxey	Food Pantry Coordinator	10	Director Key Emp	$0	$0	$0
Lashanda Howard	Outreach Coordinator	30	Officer Key Emp	$0	$0	$0
Richard Hicks	IT Specialist/Media Manager	25	Officer Key Emp	$0	$0	$0
Nikita Malone	NC Program Coordinator	25	Officer Key Emp	$0	$0	$0
Melissa Smith	Administrative Director	25	Officer	$0	$0	$0
Patricia Lawson	Board of Directors	10	Officer	$0	$0	$0
Cassandra Redwine	Board of Directors	10	Officer	$0	$0	$0
Kevin Murphy	Board of Directors	20	Officer	$0	$0	$0
Susie Bryant	Board of Directors	10	Officer	$0	$0	$0
John Murphy	Transportation Manager	20	Key Emp	$0	$0	$0
Devin Frazier	Furniture Program Assistant	20	Key Emp	$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
2023	$201,325	$218,219	$12,000	$-16,894

GALATIANS 62