GGI FOUNDATION INC (EIN 874772336) - 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

2022

Legal Domicile

Principal Officer

KEITH KENNEDY

Phone

5618487200

Tax Period

2023-01-01 to 2023-12-31

GGI FOUNDATION INC, founded in 2022, is a small nonprofit in the Human Services sector that reported $342K in total revenue in fiscal year 2023. The organization ran a surplus of $66K, a strong 19% operating margin.

Mission

PROVIDING SUPPORT TO GULFSTREAM GOODWILL INDUSTRIES, INC., AND TO OTHER PROGRAMS FURTHERING REHABILITATION, TRAINING, EMPLOYMENT, AND OR LOW-INCOME HOUSING FOR PERSONS WITH DISABILITIES.

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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 $220,307

Program Service Revenue $0

Investment Income $121,273

Other Revenue $0

TOTAL REVENUE $341,580

Expense Breakdown

Grants Paid $59,833

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $216,366

Other Expenses $215,378

TOTAL EXPENSES $275,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$341,580	N/A	N/A
Expenses	$275,211	$899	+305.1%
Net Income	$66,369	$-899	-74.8%

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

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

$889,840

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN BARSKY	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL COWAN	DIRECTOR	1.00	Director	$0	$0	$0
JOAN MCCABE	DIRECTOR	1.00	Director	$0	$0	$0
KEITH KENNEDY	PRESIDENT AND CEO	1.00	Officer	$0	$104,999	$519,219
KAREN DAVIDSON	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$65,985	$370,621

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	$341,580	$275,211	$5,736,770	$66,369
2022	No data	$899	$5,326,774	No data

GGI FOUNDATION INC