GBANWAY DEVELOPMENT INITIATIVE INC

EIN: 994996668 501(c)(3) Education

Brooklyn Centr, MN

Total Revenue
$4,251
Total Expenses
$545
Total Assets
$3,706
Net Assets
$3,706
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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
2024
Legal Domicile
MN
Principal Officer
Kerkula Fromayan
Phone
7634393721
Tax Period
2024-08-01 to 2024-12-31

GBANWAY DEVELOPMENT INITIATIVE INC, founded in 2024, is a micro nonprofit in the Education sector that reported $4K in total revenue in fiscal year 2024. The organization ran a surplus of $4K, a strong 87% operating margin.

Mission

The mission is to support non-partisan educational activities of children and to prepare individuals to become meaningful citizens through education.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,251
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,251

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $200
Other Expenses $545
TOTAL EXPENSES $545

Year-over-Year Comparison

2024 2023 Change
Revenue $4,251 $4,251 N/A
Expenses $545 $545 N/A
Net Income $3,706 $3,706 N/A
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kerkula Fromayan Chairman of the Board 1
Director
$0 $0 $0
Hawa Parker Vice Chair of the Board 1
Director
$0 $0 $0
Alvenia Fromayan Financial Secretary/Treasurer 2
Director
$0 $0 $0
William Tokpah Secretary 1
Officer
$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 $4,251 $545 $3,706 $3,706
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