GARBO TECHNOLOGY CORP (EIN 842425392) - 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

Principal Officer

KATHRYN KOSMIDES

Phone

9293414284

Tax Period

2023-01-01 to 2023-12-31

GARBO TECHNOLOGY CORP, founded in 2019, is a small nonprofit that reported $445K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $500K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO HELP PROACTIVELY PREVENT HARM IN THE DIGITAL AGE THROUGH TECHNOLOGY, TOOLS, AND EDUCATION.

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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 $252,548

Program Service Revenue $192,620

Investment Income $0

Other Revenue $0

TOTAL REVENUE $445,168

Expense Breakdown

Grants Paid $0

Salaries & Benefits $302,382

Fundraising Expenses $22,507

Program Expenses $329,574

Other Expenses $197,952

TOTAL EXPENSES $500,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$445,168	$737,584	-0.4%
Expenses	$500,334	$1,435,813	-0.7%
Net Income	$-55,166	$-698,229	-0.9%

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

$131,050

Total Directors

$131,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN KOSMIDES	PRESIDENT AND C.E.O.	40.00	Officer Director	$84,943	$14,821	$99,764
PALLAVI SUD	TREASURER	3.00	Officer Director	$0	$0	$0
DAVE UGELOW	SECRETARY	10.00	Officer Director	$31,286	$0	$31,286
RACHEL GIBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM MICHAELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GRACE HAAF	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE CONNAUGHTON	BOARD MEMBER	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
2023	$445,168	$500,334	$51,685	$-55,166
2022	$737,584	$1,435,813	$289,430	$-698,229
2021	$1,420,251	$672,759	$851,580	$747,492
2021	$1,420,251	$649,067	$865,272	$771,184

GARBO TECHNOLOGY CORP