GGI Ability Services Inc (EIN 882819556) - 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

Phone

5618487200

Tax Period

2024-01-01 to 2024-12-31

GGI Ability Services Inc, founded in 2022, is a community nonprofit in the Human Services sector that reported $3.4M in total revenue in fiscal year 2024. Expenses of $3.2M left a modest 5% surplus.

Mission

GGI ABILITY SERVICES FACILITATES JOB TRAINING AND SUPPORTED EMPLOYMENT FOR INDIVIDUALS 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 (2024)

Revenue Breakdown

Contributions & Grants $3,360,864

Program Service Revenue $1,762

Investment Income $15,300

Other Revenue $0

TOTAL REVENUE $3,377,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,972,402

Fundraising Expenses $87,140

Program Expenses $2,579,594

Other Expenses $1,232,977

TOTAL EXPENSES $3,205,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,377,926	$3,378,221	0.0%
Expenses	$3,205,379	$3,045,788	+0.1%
Net Income	$172,547	$332,433	-0.5%

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

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

$699,702

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL COWAN	CHAIR	1.0	Officer Director	$0	$0	$0
PETER KRONES	DIRECTOR	1.0	Director	$0	$0	$0
RAY ZUCARO	DIRECTOR	1.0	Director	$0	$0	$0
TIM REEVER	DIRECTOR	1.0	Director	$0	$0	$0
CAROL RICHMOND	CHIEF FINANCIAL OFFICER	10.0	Officer	$0	$25,706	$196,167
KAREN DAVIDSON	PRESIDENT AND CEO	10.0	Officer	$0	$122,461	$503,535
KEITH KENNEDY	Former PRESIDENT AND CEO	1.0		$0	$7,338	$487,379

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	$3,377,926	$3,205,379	$7,700,147	$172,547
2023	$3,378,221	$3,045,788	$3,683,610	$332,433
2022	$837,226	$797,843	$323,727	$39,383

GGI Ability Services Inc