Glass City Academy (EIN 043748316) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Phone

4197206311

Tax Period

2024-07-01 to 2025-06-30

Glass City Academy, founded in 2003, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

To provide a second chance to young adults to complete high school, learn readily marketable work skills, and explore post-secondary training options.

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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 $4,034,349

Program Service Revenue $5,056

Investment Income $14,967

Other Revenue $0

TOTAL REVENUE $4,054,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,058,691

Fundraising Expenses $0

Program Expenses $4,449,242

Other Expenses $1,390,551

TOTAL EXPENSES $4,449,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,054,372	$3,680,375	+0.1%
Expenses	$4,449,242	$4,183,993	+0.1%
Net Income	$-394,870	$-503,618	-0.2%

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

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

$900

Total Directors

$4,200

Key Employees

$134,057

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Lamb	Treasurer	0.50	Officer	$0	$0	$0
Darlene Bruke	Board President	1	Officer Director	$900	$0	$900
Jerry Masters	Vice President	1	Director	$900	$0	$900
Lynne Jacobson	Board Member	1	Director	$1,000	$0	$1,000
Joseph Guziolek	Board Member	1	Director	$700	$0	$700
Fred Porter	Board Member	1	Director	$700	$0	$700
Stewart Jesse	Superintendent	40	Key Emp	$134,057	$0	$134,057

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	$4,054,372	$4,449,242	$5,988,046	$-394,870
2024	$3,680,375	$4,183,993	$4,623,165	$-503,618
2023	$3,513,837	$4,264,724	$5,151,745	$-750,887
2022	$3,036,785	$3,448,945	$5,493,106	$-412,160
2021	$2,938,051	$2,999,618	$3,212,958	$-61,567
2020	$2,265,319	$2,802,421	$1,491,880	$-537,102

Glass City Academy