GALAXY CHARITABLE FOUNDATION INC (EIN 843363820) - 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

LARRY D GRIGGERS

Phone

3178504222

Tax Period

2023-10-01 to 2024-09-30

GALAXY CHARITABLE FOUNDATION INC, founded in 2019, is a mid-sized nonprofit in the Education sector that reported $16.1M in total revenue in fiscal year 2023. Revenue surged 65093% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.3M, a strong 95% operating margin.

Mission

TO ADDRESS CHARITABLE NEEDS IN CENTRAL INDIANA WHICH THE ORGANIZATION BELIEVES ARE NOT BEING SERVED ADEQUATELY BY OTHER ORGANIZATIONS.

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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 $16,014,240

Program Service Revenue $0

Investment Income $224,897

Other Revenue $-156,589

TOTAL REVENUE $16,082,548

Expense Breakdown

Grants Paid $400,000

Salaries & Benefits $36,000

Fundraising Expenses $0

Program Expenses $805,599

Other Expenses $369,599

TOTAL EXPENSES $805,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,082,548	$24,669	+650.9%
Expenses	$805,599	$8,549	+93.2%
Net Income	$15,276,949	$16,120	+946.7%

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

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

$40,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLI AUSTIN	PRESIDENT	1.00	Officer	$9,000	$0	$9,000
KIMBERLY GRAHAM TAFF	VICE PRESIDENT	1.00	Officer	$9,000	$0	$9,000
KATIE STEEL	SECRETARY	1.00	Officer	$0	$0	$0
G DONALD STEEL	ASSISTANT SECRETARY	1.00	Officer	$9,000	$0	$9,000
LARRY GRIGGERS	TREASURER	1.00	Officer	$13,800	$0	$13,800

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	$16,082,548	$805,599	$15,261,593	$15,276,949
2024	No data	No data	No data	No data

GALAXY CHARITABLE FOUNDATION INC