Global Celebration

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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

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.

Program Service Accomplishments

Program 1

Expenses: $1,502,255 Revenue: $709,122

Global Celebration is dedicated to spreading the gospel and developing uncompromising followers of Christ, including pastors and leaders, who transform our world through the means of evangelism...

Global Celebration is dedicated to spreading the gospel and developing uncompromising followers of Christ, including pastors and leaders, who transform our world through the means of evangelism, revivals, seminars, schools, mission trips, and crusades. Our sponsorship and monthly financial responsibility for orphans and at-risk children includes: orphanages in India, Bulgaria, Nicaragua, Cambodia, and Thailand; child rescue operations in Hyderabad, India and missions reaching marginalized people in (but not limited to) Bethlehem, Bulgaria, and Mexico.

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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 $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

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

$76,329

Total Directors

$208,090

Key Employees

Highest Compensated

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