GALAXY GIVES ACTION FUND INC

EIN: 871302772

CHINATOWN, NY

Total Revenue
$198,930
Total Expenses
$395,252
Total Assets
$100
Net Assets
$100
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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
DE
Principal Officer
WILLIAM WATTERSON
Phone
6022957598
Tax Period
2022-01-01 to 2022-12-31

GALAXY GIVES ACTION FUND INC, founded in 2021, is a small nonprofit that reported $199K in total revenue in fiscal year 2022. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $395K exceeded revenue, resulting in a 99% operating deficit.

Mission

SUPPORT LEADERS AND ORGANIZATIONS BUILDING POWER, NARRATIVES, AND SOLUTIONS

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $198,930
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $198,930

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $20,405
Program Expenses $194,847
Other Expenses $395,252
TOTAL EXPENSES $395,252

Year-over-Year Comparison

2022 2021 Change
Revenue $198,930 $445,000 -0.6%
Expenses $395,252 $248,578 +0.6%
Net Income $-196,322 $196,422 -2.0%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM WATTERSON PRESIDENT 1.00
Officer Director
$0 $0 $0
ALEX DURAN SECRETARY/ TREASURER 1.00
Officer Director
$0 $0 $0
MIKE NOVOGRATZ DIRECTOR 1.00
Director
$0 $0 $0
XANDER SCHULTZ DIRECTOR 1.00
Director
$0 $0 $0
ROBERT ROOKS DIRECTOR 1.00
Director
$0 $0 $0
INSHA RAHMAN DIRECTOR 1.00
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
2022 $198,930 $395,252 $100 $-196,322
2021 $445,000 $248,578 $196,422 $196,422
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