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Globalrad a Nonprofit Corporation EIN 31-1665815

Globalrad a Nonprofit Corporation

EIN  31-1665815 Public charity (501(c)(3)) Provo, UT
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Size
<$100K
What they do
Trains and equips community physicians in developing nations with essential radiology resources.
Leadership
Wendell Gibby MD · Director, Board Memb
Money in and out
$196 revenue, $1K expenses
Bottom line
0% program efficiency

Trains and equips community physicians in developing nations with essential radiology resources. For fiscal year 2023 it reported $196 in revenue, $1K in expenses, and $-1K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$196
Pt VIII · Ln 12
Total expenses
$1K
Pt IX · Ln 25
Net assets
$-1K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1K
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs
Operating runway
-7.9mo
months of highly liquid reserves at operating expense rate▼ -166% vs prior filing year
Surplus margin
-600%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$196
FY2023▲ +96%
Expenses
$1K
FY2023▲ ×14
Total assets
$-901
FY2023▼ -1001%
Total liabilities
$175
FY2023
Total revenue
$196
Pt VIII · Ln 12
Total expenses
$1K
Pt IX · Ln 25
Net assets
$-1K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1K
Total assetsPt X · Ln 16$-901
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 41
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2023.
01

Limited Activity in 2020

Kept Nonprofit operational for future charitable activities.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGlobalrad a Nonprofit Corporation
EINHdr · item D31-1665815
Principal addressHdr · item CProvo, UT
WebsiteHdr · item Jglobalrad.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U99)
Ruling yearIRS BMFAug 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Wendell Gibby MD
Director, Board Memb
$0Pt VII · Sec A
Kyrt Nay
Board Member
$0Pt VII · Sec A
Kristine Buxton
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$196
Total revenueLn 12$196

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$1K
Total functional expensesLn 25$1K

Balance Sheet

Part X · end of year
CashLn 1$-901
Total assetsLn 16$-901
Total liabilitiesLn 26$175
Total net assetsLn 32$-1K
Months of cash on handcomputed-7.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $-901 · Operating expenses/yr $1K
-7.9 months
Where the money goes
Program services
Program services $0 · Total expenses $1K
0%
Management & General
Management & general $1K · Total expenses $1K
100%
Fundraising
Fundraising $0 · Total expenses $1K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $299
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $196 · Total revenue $196
100%
Government reliance
Government grants — · Total revenue $196
—
Earned-income share
Program service revenue $0 · Total revenue $196
0%
Investment reliance
Investment income $0 · Total revenue $196
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1K
0%
Growth & trend
Revenue growth (YoY)
This year $196 · Prior year $100
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $-1K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $196 · Expenses $1K
-600%
Liabilities-to-Assets
Total liabilities — · Total assets $-901
—
Net-asset ratio
Net assets $-1K · Total assets $-901
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $-901
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Wendell Gibby MD · Reported title Director, Board Memb · Highest reported compensation $0 · Total expenses $1K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Overhead ratio 100%——
Fundraising cost ratio 0%——
Revenue growth 96%——
Legal fee ratio 73%——
Accounting fee ratio 27%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$196 revenue · viewing · ⤓ 990 PDF
FY2022$100 revenue · ⤓ 990 PDF
FY2021$600 revenue · ⤓ 990 PDF
FY2020$150 revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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