GCIOBA INC (EIN 861105070) - 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

2004

Legal Domicile

Principal Officer

TAIWO DEMUREN

Phone

6308869256

Tax Period

2024-01-01 to 2024-12-31

GCIOBA INC, founded in 2004, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $60K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $45K, a strong 76% operating margin.

Mission

Provided internet and IT support facilities to facilitate e-learning, renovating buildings and other critical infrastructure, and providing tuition and boarding scholarships to brilliant but indigent pupils.

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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 $55,998

Program Service Revenue $0

Investment Income $3,502

Other Revenue $0

TOTAL REVENUE $59,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,484

Other Expenses $14,484

TOTAL EXPENSES $14,484

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,500	$106,182	-0.4%
Expenses	$14,484	$89,356	-0.8%
Net Income	$45,016	$16,826	+1.7%

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

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
TAIWO DEMUREN	DIRECTOR	010.00	Officer	$0	$0	$0
FOLARIN OLUBOWALE	DIRECTOR	003.00	Officer	$0	$0	$0
OLUKAYODE MAJEKODUNMI	DIRECTOR	003.00	Officer	$0	$0	$0
ADEYINKA ADENEKAN	DIRECTOR	003.00	Officer	$0	$0	$0
CHRIS OLUGBENGA	DIRECTOR	003.00	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	$59,500	$14,484	$141,639	$45,016
2023	$106,182	$89,356	$93,973	$16,826
2022	$72,215	$62,929	$81,968	$9,286

GCIOBA INC