GK FUND INC (EIN 845048084) - 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

2020

Legal Domicile

Principal Officer

COLETTE PHILLIPS

Phone

6173575777

Tax Period

2024-01-01 to 2024-12-31

GK FUND INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $269K in total revenue in fiscal year 2024. Revenue surged 1461% from the prior year, signaling strong growth momentum. The organization ran a surplus of $192K, a strong 71% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO SUPPORT THE GROWTH OF MINORITY AND WOMEN OWNED OR OPERATED COMPANIES. THE FUND WILL SERVE AS A VEHICLE FOR CORPORATIONS AND NONPROFITS TO MAKE SOCIAL INVESTMENTS, CREATE NEW INITIATIVES, OFFER RESOURCES, ENGAGE IN MENTORING AND TAKE OTHER MEASURES.

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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 $268,606

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $268,606

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,970

Other Expenses $17,015

TOTAL EXPENSES $77,015

Year-over-Year Comparison

	2024	2023	Change
Revenue	$268,606	$17,203	+14.6%
Expenses	$77,015	$124,892	-0.4%
Net Income	$191,591	$-107,689	-2.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANUDRADHA YADAV	DIRECTOR	1.00	Director	$0	$0	$0
CA WEBB	DIRECTOR	1.00	Director	$0	$0	$0
COLETTE PHILLIPS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DARREN DONOVAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
G RYAN ANSIN	DIRECTOR	1.00	Director	$0	$0	$0
GEOFFREY CARABOOLAD	DIRECTOR	1.00	Director	$0	$0	$0
HERBY DUVERNE	DIRECTOR	1.00	Director	$0	$0	$0
JAY GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
RICK MUSIOL	DIRECTOR	1.00	Director	$0	$0	$0
RON LEVIN	DIRECTOR	1.00	Director	$0	$0	$0
SASKIA EPSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
SEAN CURRAN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN PORTIN	DIRECTOR	1.00	Director	$0	$0	$0
ANDRE PORTER	CLERK	1.00	Officer	$0	$0	$0
MARIA DESIMONE	TREASURER	1.00	Officer	$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	$268,606	$77,015	$243,259	$191,591
2021	$75,000	No data	$75,000	No data

GK FUND INC