GLENBURN HOUSING CORP (EIN 010358743) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer

ERIC STROUT

Tax Period

2024-01-01 to 2024-12-31

GLENBURN HOUSING CORP is a tax-exempt nonprofit with EIN 010358743, based in BANGOR, ME. The organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $262,814 in total revenue and $269,125 in total expenses, with net assets of $-530,697.

Mission

TO PROVIDE DECENT, SAFE AND SANITARY LOW-COST HOUSING TO THE ELDERLY AND HANDICAPPED.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $57,671

Program Service Revenue $198,403

Investment Income $1,894

Other Revenue $4,846

TOTAL REVENUE $262,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $255,281

Other Expenses $269,125

TOTAL EXPENSES $269,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,814	$192,355	+0.4%
Expenses	$269,125	$246,228	+0.1%
Net Income	$-6,311	$-53,873	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN DAUPHINEE	SECRETARY	1.00	Officer Director	$0	$0	$0
REBECCA DAUPHINEE	DIRECTOR	1.00	Director	$0	$0	$0
ADINE FROST	DIRECTOR	1.00	Director	$0	$0	$0
RICK MOORE	DIRECTOR	1.00	Director	$0	$0	$0
BERNADETTE RUDNICKI	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JIM RUDNICKI	DIRECTOR	1.00	Director	$0	$0	$0
ERIC STROUT	PRESIDENT	1.00	Officer 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	$262,814	$269,125	$764,484	$-6,311
2023	$192,355	$246,228	$779,360	$-53,873
2022	$185,908	$246,470	$812,554	$-60,562
2021	$171,966	$218,214	$869,407	$-46,248
2020	$169,918	$224,316	$908,163	$-54,398
2019	$173,738	$226,727	$956,011	$-52,989
2018	$171,972	$250,239	$1,005,633	$-78,267

GLENBURN HOUSING CORP