Groffdale Financial of New York Inc (EIN 833490714) - 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

2019

Legal Domicile

Tax Period

2024-08-01 to 2025-07-31

Groffdale Financial of New York Inc, founded in 2019, is a small nonprofit in the Religion sector that reported $526K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $154K, a strong 29% operating margin.

Mission

To provide loans and financial assistance for real estate, farm and related farm business expenses to young Mennonite persons interested in establishing themselves in the Groffdale Conference Mennonite Church

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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 $100,000

Program Service Revenue $426,420

Investment Income $0

Other Revenue $0

TOTAL REVENUE $526,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,254

Fundraising Expenses $0

Program Expenses $365,279

Other Expenses $369,360

TOTAL EXPENSES $372,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$526,420	$311,535	+0.7%
Expenses	$372,614	$296,329	+0.3%
Net Income	$153,806	$15,206	+9.1%

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

N/A

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

$3,081

Total Directors

$3,081

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eugene N Hoover	Secretary	4.00	Officer Director	$3,081	$0	$3,081
Glenn S Horst	Director	2.00	Director	$0	$0	$0
Leon B Hoover	President	3.00	Officer Director	$0	$0	$0
John I Burkholder	Vice President	2.00	Officer Director	$0	$0	$0
Daniel H Martin	Asst Secretary	3.00	Officer Director	$0	$0	$0
David Z Fox	Asst Treasurer	2.00	Officer Director	$0	$0	$0
Amos N Martin	Treasurer	2.00	Officer 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	$526,420	$372,614	$7,756,671	$153,806
2024	$311,535	$296,329	$7,282,856	$15,206
2023	$195,162	$204,922	$5,249,813	$-9,760
2022	$73,671	$71,092	$3,605,591	$2,579
2021	$29,509	$37,669	$2,347,592	$-8,160

Groffdale Financial of New York Inc