THE GLADES INITIATIVE INC

EIN: 010733180 501(c)(3) Human Services

BELLE GLADE, FL

Total Revenue
$2,618,915
Total Expenses
$2,588,201
Total Assets
$4,333,925
Net Assets
$4,241,601
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
FL
Principal Officer
KARIS ENGLE
Phone
5619963310
Tax Period
2024-10-01 to 2025-09-30

THE GLADES INITIATIVE INC, founded in 2002, is a community nonprofit in the Human Services sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

The mission of The Glades Initiative is to improve the coordination and effectiveness of the health and human service delivery system in the Glades area of Palm Beach County.

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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 $2,431,206
Program Service Revenue $37,160
Investment Income $150,549
Other Revenue $0
TOTAL REVENUE $2,618,915

Expense Breakdown

Grants Paid $125,233
Salaries & Benefits $912,620
Fundraising Expenses $30,447
Program Expenses $2,445,489
Other Expenses $1,550,348
TOTAL EXPENSES $2,588,201

Year-over-Year Comparison

2024 2023 Change
Revenue $2,618,915 $2,819,229 -0.1%
Expenses $2,588,201 $2,474,389 +0.0%
Net Income $30,714 $344,840 -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

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Governance

Voting Members
7
Independent Members
7
Employees
16
Volunteers
52

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
5
$226,145
Total Directors
8
$0
Key Employees
1
$226,145
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karis Engle CEO / President 45.00
Officer Key Emp
$203,636 $22,509 $226,145
Joe Kyles Sr Chair 1.00
Officer Director
$0 $0 $0
Irene Figueroa Vice Chair 1.00
Officer Director
$0 $0 $0
Jim Springer Treasurer 1.00
Officer Director
$0 $0 $0
Tamara Starks Secretary 1.00
Officer Director
$0 $0 $0
Laura Barry Board Member 1.00
Director
$0 $0 $0
Humberto Gonzalez Board Member 1.00
Director
$0 $0 $0
Julie Swindler Board Member 1.00
Director
$0 $0 $0
Richard Abedon Esq Board Member 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
2025 $2,618,915 $2,588,201 $4,333,925 $30,714
2024 $2,819,229 $2,474,389 $4,248,954 $344,840
2023 $2,487,031 $2,021,457 $3,874,142 $465,574
2022 $2,182,822 $1,641,913 $3,397,973 $540,909
2021 $2,314,051 $1,931,807 $2,852,628 $382,244
2020 $2,537,996 $1,669,409 $2,496,227 $868,587
2019 $1,036,581 $860,873 $1,612,551 $175,708
2018 $1,481,473 $871,155 $1,410,329 $610,318
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