GLEN ARDEN 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

1992

Legal Domicile

Principal Officer

ANASTASIOS MARKOPOULOS

Phone

8453601200

Tax Period

2024-01-01 to 2024-12-31

GLEN ARDEN INC, founded in 1992, is a mid-sized nonprofit in the Human Services sector that reported $10.3M in total revenue in fiscal year 2024. Expenses of $13.1M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE EXCEPTIONAL HEALTH CARE AND QUALITY OF LIFE THROUGH INNOVATIVE PROGRAMS TO THOSE WE SERVE WITHIN OUR COMMUNITY. OUR SERVICES ARE MADE AVAILABLE TO ALL INCOME LEVELS AND INCLUDE A CONTINUING CARE RETIREMENT COMMUNITY WITH SKILLED NURSING AND ENRICHED HOUSING.

Program Service Accomplishments

Program 1

Expenses: $3,527,431 Revenue: $5,085,363

GLEN ARDEN OFFERS 148 INDEPENDENT LIVING UNITS/APARTMENTS AND VARIOUS AMENITIES AND SERVICES SUCH AS AN ON-SITE BEAUTY/BARBER PARLOR, BANK, BILLIARDS ROOM, LIBRARY, INDOOR SWIMMING POOL, HEALTH CLUB AND RESTAURANT- STYLE DINING ROOM. GLEN ARDEN ALSO OFFERS A VARIETY OF SOCIAL, RECREATIONAL AND EDUCATIONAL PROGRAMS. YEAR ENDED WITH 47 UNITS OCCUPIED.

Program 2

Expenses: $5,807,593 Revenue: $4,430,714

GLEN ARDEN'S 40-BED SKILLED NURSING FACILITY PROVIDES A VARIETY OF MEDICAL, CLINICAL, SOCIAL AND PSYCHOLOGICAL SERVICES TO INDIVIDUALS OF ALL INCOME LEVELS. IN 2024 OUR SKILLED NURSING FACILITY...

GLEN ARDEN'S 40-BED SKILLED NURSING FACILITY PROVIDES A VARIETY OF MEDICAL, CLINICAL, SOCIAL AND PSYCHOLOGICAL SERVICES TO INDIVIDUALS OF ALL INCOME LEVELS. IN 2024 OUR SKILLED NURSING FACILITY PROVIDED 12,564 DAYS OF EXCEPTIONAL HEALTH CARE TO OUR RESIDENTS.

Program 3

Expenses: $1,524,209 Revenue: $752,284

GLEN ARDEN'S ENRICHED HOUSING PROVIDES A SAFE COMFORTABLE AND CARING HOME FOR SENIORS WHO WISH TO MAINTAIN THEIR INDEPENDENCE BUT NEED ASSISTANCE WITH DAILY LIVING ACTIVITIES. THE YEAR ENDED WITH 16...

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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 $3,856

Program Service Revenue $10,268,361

Investment Income $10,554

Other Revenue $19,118

TOTAL REVENUE $10,301,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,044,014

Fundraising Expenses $0

Program Expenses $10,859,233

Other Expenses $9,029,194

TOTAL EXPENSES $13,073,208

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,301,889	$10,220,166	+0.0%
Expenses	$13,073,208	$12,346,966	+0.1%
Net Income	$-2,771,319	$-2,126,800	+0.3%

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

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
LISA HOWELL	MARKETING DI	37.50	Highest	$166,204	$22,876	$189,080
JOCELYNE ANJOU	CNA	45.00	Highest	$107,181	$22,689	$129,870
KAREN WERLAU	RETIRED OCTO	37.50	Highest	$111,921	$1,151	$113,072
DONNA CORNELL	BOARD MEMBER	5.00	Officer Director	$0	$0	$0
PAUL S ERNENWEIN ESQ	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
NANCY CALHOUN	SECRETARY/TR	5.00	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	$10,301,889	$13,073,208	$17,652,586	$-2,771,319
2023	$10,220,166	$12,346,966	$19,550,078	$-2,126,800
2022	$10,179,979	$11,786,433	$21,091,657	$-1,606,454
2021	$11,845,852	$11,667,843	$23,205,708	$178,009
2020	$10,030,444	$12,145,438	$25,217,632	$-2,114,994
2019	$10,020,303	$13,071,723	$21,850,632	$-3,051,420
2018	$9,703,251	$12,382,597	$23,269,112	$-2,679,346