GILROY FOUNDATION (EIN 942719281) - 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

1980

Legal Domicile

Phone

4088423727

Tax Period

2023-01-01 to 2023-12-31

GILROY FOUNDATION, founded in 1980, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 287% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 58% operating margin.

Mission

FOUNDED IN 1980, THE GILROY FOUNDATION WAS ORGANIZED SPECIFICALLY TO HELP THE NEEDS OF THE COMMUNITY IN THE AREAS OF HEALTH, EDUCATION, RECREATION, CULTURE AND CIVIC SERVICES.

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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 $1,193,622

Program Service Revenue $0

Investment Income $1,429,415

Other Revenue $994,784

TOTAL REVENUE $3,617,821

Expense Breakdown

Grants Paid $873,195

Salaries & Benefits $170,571

Fundraising Expenses $0

Program Expenses $945,164

Other Expenses $459,433

TOTAL EXPENSES $1,503,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,617,821	$935,058	+2.9%
Expenses	$1,503,199	$3,357,199	-0.6%
Net Income	$2,114,622	$-2,422,141	-1.9%

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

150

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
RIGO VARGAS	Vice President	1.00	Officer Director	$0	$0	$0
VITO MERCADO	President	2.00	Officer Director	$0	$0	$0
CARLOS PINEDA	Director	1.00	Director	$0	$0	$0
YESENIA GONZALEZ	Director	1.00	Director	$0	$0	$0
DON DELORENZO	Director	1.00	Director	$0	$0	$0
GINA ANDERSON	Director	1.00	Director	$0	$0	$0
JENNIFER SPENO	Treasurer	2.00	Officer Director	$0	$0	$0
LEE BLAETTLER	Secretary	1.00	Officer Director	$0	$0	$0
LAUREN MANTANI	Director	1.00	Director	$0	$0	$0
ERICKA DAVIS	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
2024	No data	No data	No data	No data
2023	$3,617,821	$1,503,199	$15,670,623	$2,114,622
2022	$935,058	$3,357,199	$13,429,147	$-2,422,141
2021	$3,049,074	$1,467,736	$16,183,935	$1,581,338
2020	$2,159,547	$1,340,032	$14,275,638	$819,515
2019	$2,386,037	$1,710,472	$13,198,720	$675,565
2018	$1,279,915	$1,953,344	$12,260,243	$-673,429

GILROY FOUNDATION