GIVELIFY GIVE-COM FOUNDATION (EIN 854394679) - 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

OLAWALE MAFOLASIRE

Phone

3176633088

Tax Period

2023-01-01 to 2023-12-31

GIVELIFY GIVE-COM FOUNDATION, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $960K in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

THIS ORGANIZATION ASPIRES TO CONNECT PEOPLE TO CAUSES THAT INSPIRE THEM TO ACTION; RECEIVE CONTRIBUTIONS FROM THEM AND ISSUE GIFT RECEIPTS; GRANT THE FUNDS TO THE DESIGNATED CHARITY; AND PROVIDE REAL-TIME TRACKING OF EACH CONTRIBUTION TO THE DONOR. THE CORPORATION WILL HELP CHARITIES CRAFT INSPIRING STORIES OF THEIR MISSION AND IMPACT AND HELP SUCH CHARITIES HELP LEVERAGE THE INTERNET TO EXPAND THEIR DIGITAL REACH.

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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 $894,387

Program Service Revenue $55,782

Investment Income $9,665

Other Revenue $0

TOTAL REVENUE $959,834

Expense Breakdown

Grants Paid $980,463

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,134,528

Other Expenses $194,892

TOTAL EXPENSES $1,175,355

Year-over-Year Comparison

	2023	2022	Change
Revenue	$959,834	$533,162	+0.8%
Expenses	$1,175,355	$1,141,482	+0.0%
Net Income	$-215,521	$-608,320	-0.6%

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
OLAWALE MAFOLASIRE	PRESIDENT	1.00	Officer Director	$0	$0	$0
BOYE FADEYIBI	TREASURER	1.00	Officer Director	$0	$0	$0
JIMI KOLAWOLE	SECRETARY	1.00	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
2024	No data	No data	No data	No data
2023	$959,834	$1,175,355	$2,307,188	$-215,521
2022	$533,162	$1,141,482	$2,478,865	$-608,320
2021	$575,330	$548,121	$3,076,941	$27,209

GIVELIFY GIVE-COM FOUNDATION