GREATER IMPACT

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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

2020

Legal Domicile

Principal Officer

KORY LANTZ

Phone

5747374020

Tax Period

2023-01-01 to 2023-12-31

GREATER IMPACT, founded in 2020, is a small nonprofit in the Education sector that reported $368K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $126K, a strong 34% operating margin.

Mission

Greater Impact is a non-profit business that seeks to mentor youth of South Bend through meaningful work. Our vision is to instill value and hope in the youth of our community through work.

Program Service Accomplishments

Program 1

Expenses: $241,909

WAS ABLE TO SPEND QUALITY TIME WITH STUDENTS WHILE INSTILLING WORK ETHIC AND SKILLS INTO TEENS

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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 $121,571

Program Service Revenue $246,502

Investment Income $0

Other Revenue $0

TOTAL REVENUE $368,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,055

Fundraising Expenses $0

Program Expenses $241,909

Other Expenses $101,854

TOTAL EXPENSES $241,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,073	$242,169	+0.5%
Expenses	$241,909	$270,698	-0.1%
Net Income	$126,164	$-28,529	-5.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SMITH	DIRECTOR	035.00	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
2024	No data	No data	No data	No data
2023	$368,073	$241,909	$153,485	$126,164
2022	$242,169	$270,698	$55,022	$-28,529
2021	$262,201	$202,363	$73,875	$59,838