GBANWAY DEVELOPMENT INITIATIVE INC

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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

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 of this organization is to help improve the educational aspirations of young people by contributing to infrastructure repairs to schools, providing teachers with teaching aids, providing school supplies and offering scholarships and small stipends to volunteers.

Program Service Accomplishments

Program 1

Expenses: $200 Revenue: $200

As a new organization and extremely limited resources, we only provided stipends to 2 volunteer instructors.

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
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