GLACIER SOCIETY 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

1998

Legal Domicile

Principal Officer

BEN KOETHER

Phone

5615431288

Tax Period

2023-01-01 to 2023-12-31

GLACIER SOCIETY INC, founded in 1998, is a small nonprofit in the Education sector that reported $169K in total revenue in fiscal year 2023. Revenue surged 2149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 67% operating margin.

Mission

THE GLACIER SOCIETY'S MISSION IS TO PRESERVE THE HERITAGE OF THE UNITED STATES' MARITIME EXPLORATION OF THE POLAR REGIONS, PROVIDE AN EDUCATIONAL AND REFERENCE SOURCE, AND TO TRAIN AND EDUCATE YOUTH.

Program Service Accomplishments

Program 1

Expenses: $53,296

THE GLACIER SOCIETY CONTINUES TO OPERATE AS A CERTIFIED SCHOOL VIA IT'S AUXILIARY VESSELS, THE ARCTIC SCOUT AND A MOTOR WHALEBOAT, ARCTIC GAYLE, BOTH ORIGINALLY CARRIED ON BOARD THE GLACIER. THE...

THE GLACIER SOCIETY CONTINUES TO OPERATE AS A CERTIFIED SCHOOL VIA IT'S AUXILIARY VESSELS, THE ARCTIC SCOUT AND A MOTOR WHALEBOAT, ARCTIC GAYLE, BOTH ORIGINALLY CARRIED ON BOARD THE GLACIER. THE GLACIER SOCIETY PROVIDES YOUTH TRAINING ALONG THE EAST COAST. THESE VESSELS PROVIDE HANDS-ON TRAINING FOR ALL LEVELS OF EAGLE SCOUTS AND SEA CADETS, K-12 THROUGH POST GRADUATE, AND WILL CONTINUE TO EDUCATE IN THE HISTORY, LEGACY AND IMPORTANCE OF THE USS/USCGC GLACIER.

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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 $45,745

Program Service Revenue $0

Investment Income $123,275

Other Revenue $0

TOTAL REVENUE $169,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,296

Other Expenses $55,584

TOTAL EXPENSES $55,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$169,020	$7,516	+21.5%
Expenses	$55,584	$144,759	-0.6%
Net Income	$113,436	$-137,243	-1.8%

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
BERNARD G KOETHER II	PRES, TREAS & DIRECTOR	8.00	Officer Director	$0	$0	$0
BRIAN T CABRAL	VICE PRES & DIRECTOR	1.00	Officer Director	$0	$0	$0
ROSAMOND A KOETHER	SECRETARY & DIRECTOR	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	No data	No data	No data	No data
2023	$169,020	$55,584	$426,017	$113,436
2022	$7,516	$144,759	$327,739	$-137,243
2021	$173,063	$124,123	$464,982	$48,940
2020	$169,708	$128,487	$416,042	$41,221