GROUNDWORK ACTION FUND C/O VERDOLINO & LOWEY PC (EIN 862383488) - 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

2021

Legal Domicile

Principal Officer

JOSEPH KENNEDY III

Phone

5085431720

Tax Period

2024-01-01 to 2024-12-31

GROUNDWORK ACTION FUND C/O VERDOLINO & LOWEY PC, founded in 2021, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO SUPPORT COMMUNITY ORGANIZERS, ADVOCATES, AND ACTIVISTS WORKING YEAR-ROUND IN PLACES TRADITIONALLY UNDER-RESOURCED, EXCLUDED, AND IGNORED; TO INVEST IN HYPERLOCAL EFFORTS THAT BUILD SUSTAINABLE POLITICAL INFRASTRUCTURE, ENGAGE AND EDUCATE VOTERS, AND BUILD POWER FOR THE UNDERREPRESENTED AND DISENFRANCHISED; TO ADVOCATE FOR A MORE RESPONSIVE AND REPRESENTATIVE POLITICAL SYSTEM THAT CAN DELIVER JUSTICE, EQUITY, AND OPPORTUNITY FOR ALL.

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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 $1,282,489

Program Service Revenue $0

Investment Income $0

Other Revenue $4,436

TOTAL REVENUE $1,286,925

Expense Breakdown

Grants Paid $238,551

Salaries & Benefits $497,443

Fundraising Expenses $170,462

Program Expenses $1,028,519

Other Expenses $759,065

TOTAL EXPENSES $1,495,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,286,925	$958,684	+0.3%
Expenses	$1,495,059	$1,265,592	+0.2%
Net Income	$-208,134	$-306,908	-0.3%

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

N/A

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

Total Directors

$255,724

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY KAUFMAN	DIRECTOR	25.00	Director	$154,178	$6,046	$160,224
JULIA HOFFMAN	DIRECTOR	25.00	Director	$95,500	$0	$95,500
JOE KENNEDY III	PRESIDENT	10.00	Officer	$0	$0	$0
KEITH LOWEY	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	$1,286,925	$1,495,059	$241,541	$-208,134
2023	$958,684	$1,265,592	$449,675	$-306,908
2022	$960,443	$792,987	$756,583	$167,456
2021	$714,218	$125,091	$589,127	$589,127

GROUNDWORK ACTION FUND C/O VERDOLINO & LOWEY PC