THE GAINEY FOUNDATION (EIN 912025454) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

HARVEY N GAINEY III

Phone

6164370521

Tax Period

2024-01-01 to 2024-12-31

THE GAINEY FOUNDATION, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $118K in total revenue in fiscal year 2024. Expenses of $442K exceeded revenue, resulting in a 274% operating deficit.

Mission

THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED ARE EXCLUSIVELY TO RECEIVE AND ADMINISTER A FUND OR FUNDS OR REAL OR PERSONAL PROPERTY, OR BOTH, EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES. THE PRIMARY TAX EXEMPT PURPOSE IS THE SUPPORT OF CHRISTIAN ATHLETES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $66,797

Program Service Revenue $0

Investment Income $51,153

Other Revenue $0

TOTAL REVENUE $117,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,331

Fundraising Expenses $0

Program Expenses $431,667

Other Expenses $353,324

TOTAL EXPENSES $441,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117,950	$113,685	+0.0%
Expenses	$441,655	$382,997	+0.2%
Net Income	$-323,705	$-269,312	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNIE GAINEY	TRUSTEE	N/A	Director	$0	$0	$0
HARVEY N GAINEY III	TRUSTEE	N/A	Officer Director	$0	$0	$0
ANGELA JORDAN	TRUSTEE	N/A	Director	$0	$0	$0
CARL OOSTERHOUSE	TRUSTEE	N/A	Director	$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	$117,950	$441,655	$14,536,786	$-323,705
2023	$113,685	$382,997	$14,027,053	$-269,312
2022	$215,066	$393,403	$14,245,506	$-178,337
2021	$316,866	$395,532	$14,428,350	$-78,666
2020	$5,585,232	$451,952	$14,502,991	$5,133,280
2019	$352,199	$452,303	$9,734,029	$-100,104
2018	$360,709	$461,494	$9,875,627	$-100,785

THE GAINEY FOUNDATION