GALT FOUNDATION (EIN 931268744) - 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

1998

Legal Domicile

Principal Officer

LISA DOYLE

Phone

5033611277

Tax Period

2024-11-01 to 2025-10-31

GALT FOUNDATION, founded in 1998, is a mid-sized nonprofit in the Employment sector that reported $15.0M in total revenue in fiscal year 2024.

Mission

PROVIDE, PROMOTE, AND EXPAND EMPLOYMENT OPPORTUNITIES 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 $0

Program Service Revenue $14,985,949

Investment Income $-87,553

Other Revenue $117,215

TOTAL REVENUE $15,015,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,567,611

Fundraising Expenses $0

Program Expenses $13,269,855

Other Expenses $1,469,722

TOTAL EXPENSES $15,037,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,015,611	$15,540,134	0.0%
Expenses	$15,037,333	$16,595,913	-0.1%
Net Income	$-21,722	$-1,055,779	-1.0%

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

952

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

$166,489

Total Directors

$99,589

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY HARDY	DIRECTOR	3.00	Director	$33,589	$0	$33,589
DENISE EVANS	CHAIR	5.00	Officer Director	$21,000	$0	$21,000
JOHN KEMP	VICE CHAIR	6.00	Officer Director	$20,000	$0	$20,000
JOHN WILLIAMS	TREASURER	5.00	Officer Director	$20,000	$0	$20,000
ROHINI ANAND	DIRECTOR	2.10	Director	$5,000	$0	$5,000
ROBERT STERN	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHAEL VAN HANDEL	DIRECTOR	3.00	Director	$0	$0	$0
LISA DOYLE	EXECUTIVE DIRECTOR	40.00	Officer	$102,380	$3,109	$105,489
MICHAEL MCCLAIN	OPERATIONS DIRECTOR	40.00	Highest	$175,543	$14,915	$190,458
ELIZABETH SHRADER	FINANCE DIRECTOR	40.00	Highest	$150,771	$12,218	$162,989
CLAIRE MALMSTROM	HR DIRECTOR	40.00	Highest	$121,848	$6,634	$128,482
ELSA LEMOINE	FORMER EXECUTIVE DIRECTOR	40.00		$223,463	$9,721	$233,184

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
2025	$15,015,611	$15,037,333	$9,803,853	$-21,722
2024	$15,540,134	$16,595,913	$9,847,692	$-1,055,779
2023	$17,153,129	$18,048,953	$11,993,149	$-895,824
2022	$22,618,270	$23,189,152	$13,721,509	$-570,882
2021	$36,113,892	$36,264,700	$18,218,901	$-150,808
2020	$32,696,459	$33,392,771	$19,703,197	$-696,312
2019	$33,846,949	$34,688,922	$14,404,691	$-841,973
2018	$29,859,824	$29,945,708	$15,425,939	$-85,884

GALT FOUNDATION