Griffin Foundation Inc (EIN 860766789) - 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

1994

Legal Domicile

Principal Officer

Leroy Griffin

Phone

5207908400

Tax Period

2023-07-01 to 2024-06-30

Griffin Foundation Inc, founded in 1994, is a community nonprofit in the Unknown sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $2.0M left a modest 6% surplus.

Mission

The Griffin Foundation, Inc. charitable mission is to provide educational relief to underprivileged, disadvantaged, low-income children and families in the community to help combat education deterioration by enhancing the lives of children through education, childcare, health and food nutrition.

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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 $2,125,623

Program Service Revenue $7,629

Investment Income $24,349

Other Revenue $14,472

TOTAL REVENUE $2,172,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $945,328

Fundraising Expenses $0

Program Expenses $1,645,450

Other Expenses $1,087,313

TOTAL EXPENSES $2,032,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,172,073	$2,656,239	-0.2%
Expenses	$2,032,641	$2,322,064	-0.1%
Net Income	$139,432	$334,175	-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

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

$173,560

Total Directors

$173,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Heidinger	President	040.00	Officer Director	$76,348	$16,590	$92,938
Lee Griffin	Executive Director	040.00	Officer Director	$80,622	$0	$80,622
Lalyn Griffin	Director	N/A	Director	$0	$0	$0
Sandy Vaught	Treasurer	N/A	Director	$0	$0	$0
Catherine Warfield	Secretary	N/A	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	$2,172,073	$2,032,641	$6,101,047	$139,432
2023	$2,656,239	$2,322,064	$6,128,496	$334,175
2022	$2,134,785	$2,158,274	$5,813,852	$-23,489
2021	$2,138,094	$2,123,011	$5,925,847	$15,083
2020	$2,304,907	$2,047,822	$6,125,558	$257,085
2019	$2,200,456	$2,039,593	$6,131,447	$160,863
2018	$1,946,650	$2,098,146	$6,044,466	$-151,496

Griffin Foundation Inc