GLENS FALLS ASSOCIATION FT BLIND (EIN 141344811) - 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

1937

Legal Domicile

Principal Officer

LAURA VAMVALIS

Phone

5187923421

Tax Period

2023-10-01 to 2024-09-30

GLENS FALLS ASSOCIATION FT BLIND, founded in 1937, is a small nonprofit that reported $176K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $223K exceeded revenue, resulting in a 27% operating deficit.

Mission

SERVE THE VISUALLY IMPAIRED

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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 $137,490

Program Service Revenue $0

Investment Income $27

Other Revenue $38,367

TOTAL REVENUE $175,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,470

Fundraising Expenses $0

Program Expenses $192,705

Other Expenses $58,879

TOTAL EXPENSES $223,349

Year-over-Year Comparison

	2023	2022	Change
Revenue	$175,884	$267,410	-0.3%
Expenses	$223,349	$236,652	-0.1%
Net Income	$-47,465	$30,758	-2.5%

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
RICHARD BONET	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
LISA FENWICK	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTOPHER FISH	DIRECTOR	N/A	Director	$0	$0	$0
CYNTHIA HOLIFIELD	DIRECTOR	N/A	Director	$0	$0	$0
EMILY LALONE	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD NASON	DIRECTOR	N/A	Director	$0	$0	$0
JOANNE SEARLES	TREASURER	N/A	Officer Director	$0	$0	$0
LAURA VAMVALIS	PRESIDENT	N/A	Officer Director	$0	$0	$0
AL WEILS	DIRECTOR	N/A	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	$175,884	$223,349	$85,363	$-47,465
2023	$267,410	$236,652	$139,220	$30,758
2022	$220,353	$238,127	$106,838	$-17,774
2021	$240,024	$243,642	$147,045	$-3,618
2020	$251,693	$239,361	$135,791	$12,332

GLENS FALLS ASSOCIATION FT BLIND