GLENMEADOW 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

1884

Legal Domicile

Principal Officer

DR KATHLEEN A MARTIN

Phone

4135677800

Tax Period

2023-10-01 to 2024-09-30

GLENMEADOW INC, founded in 1884, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.7M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $14.2M left a modest 4% surplus.

Mission

TO PROVIDE SERVICES TO MEET THE HOUSING, HEALTHCARE, PHYSICAL, EMOTIONAL, RECREATIONAL, SPIRITUAL, AND SOCIAL NEEDS OF ITS CLIENTS.

Program Service Accomplishments

Program 1

Expenses: $8,648,841 Revenue: $8,250,536

GLENMEADOW PROVIDED HOUSING AND SUPPORTIVE SERVICES TO 167 SENIORS.

Program 2

Expenses: $2,966,756 Revenue: $3,062,128

GLENMEADOW AT HOME PROVIDED PERSONAL CARE AND OTHER SUPPORTIVE SERVICES TO 91 SENIORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $594,740

Program Service Revenue $11,312,664

Investment Income $2,779,437

Other Revenue $42,366

TOTAL REVENUE $14,729,207

Expense Breakdown

Grants Paid $105,024

Salaries & Benefits $8,313,406

Fundraising Expenses $39,758

Program Expenses $11,615,597

Other Expenses $5,761,492

TOTAL EXPENSES $14,179,922

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,729,207	$10,982,010	+0.3%
Expenses	$14,179,922	$13,491,135	+0.1%
Net Income	$549,285	$-2,509,125	-1.2%

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

319

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

$487,544

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL TREMBLE	CHAIR	1.00	Officer Director	$0	$0	$0
MARY MEEHAN	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY KOCH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANNETTE LERNER	DIRECTOR	1.00	Director	$0	$0	$0
AMY CORSETTI	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MARCHESES	DIRECTOR	1.00	Director	$0	$0	$0
AARON MENDELSON	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE JOHNSON	DIRECTOR - END 11/20/23	1.00	Director	$0	$0	$0
BARBARA BUDDINGTON	DIRECTOR - EFF 11/20/23	1.00	Director	$0	$0	$0
ERIN KOEBLER	CLERK	1.00	Officer Director	$0	$0	$0
BROOKS FITCH	DIRECTOR	1.00	Director	$0	$0	$0
RORY O'BRIEN	DIRECTOR - EFF 11/20/23	1.00	Director	$0	$0	$0
MEREDITH WISE	DIRECTOR - EFF 11/20/23	1.00	Director	$0	$0	$0
ANNE THOMAS	PRESIDENT/CEO-END 9/30/23	40.00	Officer	$212,694	$10,980	$223,674
DR KATHLEEN A MARTIN	PRESIDENT/CEO	40.00	Officer	$69,451	$2,031	$71,482
DAVID LESLIE	VP OF FINANCE & OPERATIONS	40.00	Officer	$181,116	$11,272	$192,388
MEAGHAN CARRIER	VP HEALTH AND WELLNESS	40.00	Highest	$131,251	$16,243	$147,494

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	$14,729,207	$14,179,922	$59,986,571	$549,285
2023	$10,982,010	$13,491,135	$52,173,997	$-2,509,125
2022	$16,994,268	$12,948,559	$50,902,339	$4,045,709
2021	$13,083,324	$12,456,446	$53,992,110	$626,878
2020	$11,446,194	$12,453,857	$46,724,776	$-1,007,663
2019	$12,292,463	$11,963,787	$47,551,682	$328,676
2018	$12,362,859	$11,190,518	$48,108,249	$1,172,341