GROUNDSWELL NETWORK INC (EIN 931682003) - 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

2023

Legal Domicile

Principal Officer

GREG LIPPMAN

Phone

4089213750

Tax Period

2024-07-01 to 2025-06-30

GROUNDSWELL NETWORK INC, founded in 2023, is a small nonprofit in the Education sector that reported $754K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $935K exceeded revenue, resulting in a 24% operating deficit.

Mission

GROUNDSWELL NETWORKS MISSION IS TO ENSURE THAT SCHOOLS DEMONSTRATING THE GREATEST IMPACT WITH OUR COUNTRYS MOST UNDERSERVED STUDENTS ARE IDENTIFIED, STRENGTHENED, AND SCALED.

🔒

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 $744,426

Program Service Revenue $0

Investment Income $0

Other Revenue $9,187

TOTAL REVENUE $753,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,882

Fundraising Expenses $146,988

Program Expenses $575,976

Other Expenses $711,248

TOTAL EXPENSES $935,130

Year-over-Year Comparison

	2024	2023	Change
Revenue	$753,613	$546,270	+0.4%
Expenses	$935,130	$475,792	+1.0%
Net Income	$-181,517	$70,478	-3.6%

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

N/A

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

$387,086

Total Directors

$387,086

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG LIPPMAN	CEO/DIRECTOR	40.00	Officer Director	$387,086	$0	$387,086
HEATHER D WATHINGTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
KAREN GORDON	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM KOSHLAND	TREASURER	0.50	Officer Director	$0	$0	$0
EMILY FREITAG	DIRECTOR	1.00	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
2025	$753,613	$935,130	$185,449	$-181,517
2024	$546,270	$316,208	$230,165	$230,062

GROUNDSWELL NETWORK INC