Global Celebration

EIN: 911341558 501(c)(3) Religion

Grand Prairie, TX

Total Revenue
$2,065,806
Total Expenses
$2,181,926
Total Assets
$478,229
Net Assets
$406,389
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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
1986
Legal Domicile
TX
Principal Officer
Georgian Banov
Phone
7173959710
Tax Period
2023-02-01 to 2024-01-31

Global Celebration, founded in 1986, is a community nonprofit in the Religion sector that reported $2.1M in total revenue in fiscal year 2023.

Mission

Global Celebration is committed to proclaiming the Gospel through missions, evangelism, and leadership training. With a strong passion for the poorest of the poor, we support orphans and at-risk children on 3 continents.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,355,860
Program Service Revenue $279,618
Investment Income $0
Other Revenue $430,328
TOTAL REVENUE $2,065,806

Expense Breakdown

Grants Paid $465,298
Salaries & Benefits $325,176
Fundraising Expenses $0
Program Expenses $1,502,255
Other Expenses $1,391,452
TOTAL EXPENSES $2,181,926

Year-over-Year Comparison

2023 2022 Change
Revenue $2,065,806 $2,065,368 +0.0%
Expenses $2,181,926 $2,267,993 0.0%
Net Income $-116,120 $-202,625 -0.4%
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
4
Employees
5
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
2
$76,329
Total Directors
6
$208,090
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Georgian Banov President/Treasurer/Director 40.00
Officer Director
$36,666 $36,663 $73,329
Winnie Banov Vice President/Director 40.00
Officer Director
$3,000 $0 $3,000
Charles Stock Director 1.00
Director
$0 $0 $0
Tom Breuner Director 1.00
Director
$0 $0 $0
Karen Vangor Director 60.00
Director
$66,613 $28,800 $95,413
Dennis Valen Director 30.00
Director
$0 $36,348 $36,348
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 $2,065,806 $2,181,926 $478,229 $-116,120
2023 $2,065,368 $2,267,993 $572,952 $-202,625
2022 $2,076,425 $1,742,901 $757,289 $333,524
2021 $2,109,976 $1,751,750 $455,222 $358,226
2020 $2,430,488 $2,464,879 $176,950 $-34,391
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