GLASS PACKAGING INSTITUTE (EIN 131524721) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

SCOTT DEFIFE

Phone

7036846359

Tax Period

2023-01-01 to 2023-12-31

GLASS PACKAGING INSTITUTE, founded in 1945, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2018. Revenue decreased 13% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROMOTE THE CONTINUED GROWTH & ACCEPTANCE OF GLASS CONTAINERS AS DESIRABLE, ECONOMICAL & COMPETITIVE PACKAGES FOR BEVERAGES, FOODS & OTHER COMMODITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,086,676

Investment Income $933

Other Revenue $145,827

TOTAL REVENUE $2,233,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $386,428

Fundraising Expenses $0

Other Expenses $2,037,710

TOTAL EXPENSES $2,424,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,233,436	$2,114,599	+0.1%
Expenses	$2,424,138	$2,082,503	+0.2%
Net Income	$-190,702	$32,096	-6.9%

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

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

$288,327

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM CONNORS	BOARD CHAIRMAN	1.00	Director	$0	$0	$0
BILL WALTON	TRUSTEE	1.00	Director	$0	$0	$0
NIPESH SHAH	TRUSTEE	1.00	Director	$0	$0	$0
NIGEL DART	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT KUNKLE	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS DODS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN SCOTT DEFIFE	PRESIDENT	40.00	Officer	$288,327	$0	$288,327

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	$2,233,436	$2,424,138	$952,565	$-190,702
2022	$2,114,599	$2,082,503	$1,176,327	$32,096
2021	$1,926,864	$2,036,805	$1,054,008	$-109,941
2020	$2,030,095	$1,912,082	$1,118,376	$118,013
2019	$1,461,189	$1,956,288	$1,029,155	$-495,099
2018	$2,018,610	$2,342,112	$1,672,544	$-323,502

GLASS PACKAGING INSTITUTE