GREENWAY EDUCATIONAL INITIATIVE INC

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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

GREG WIGFIELD

Phone

7038407409

Tax Period

2023-01-01 to 2023-12-31

GREENWAY EDUCATIONAL INITIATIVE INC, founded in 2022, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $185K, a strong 16% operating margin.

Mission

OUR MISSION AT DESTINY SCHOOL OF THE ARTS IS TO ACHIEVE ACADEMIC EXCELLENCE THROUGH ARTS INTEGRATION. AS AN ORGANIZATION WE STRIVE TO OBTAIN EXCELLENCE IN ALL WE DO AS WE SERVE OUR STUDENTS AND OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $696,787 Revenue: $857,217

AT DESTINY SCHOOL OF THE ARTS, WE INCORPORATE ACADEMICS WITH PERFORMING ARTS TO CREATE THE ULTIMATE EDUCATIONAL AND FINE ARTS EXPERIENCE. THE ARTS ARE USED AS A PLATFORM TO STIMULATE SELF-EXPRESSION AND ACADEMIC GROWTH. EXPERIENTIAL LEARNING THROUGH ARTS INTEGRATION LENDS ITSELF TO BOTH ACADEMIC EXCELLENCE AND HAPPY STUDENTS!

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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 $264,536

Program Service Revenue $849,744

Investment Income $4,786

Other Revenue $7,473

TOTAL REVENUE $1,126,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $538,692

Fundraising Expenses $30,413

Program Expenses $696,787

Other Expenses $402,630

TOTAL EXPENSES $941,322

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,126,539	N/A	N/A
Expenses	$941,322	N/A	N/A
Net Income	$185,217	$0	N/A

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

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

$63,974

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG WIGFIELD	PRESIDENT	0.00	Officer	$0	$0	$0
JENNIFER WIGFIELD	SECRETARY	40.00	Officer	$0	$0	$63,974
RYAN WIGFIELD	TREASURER	0.00	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	No data	No data	No data	No data
2023	$1,126,539	$941,322	$220,318	$185,217