GREATER GLENS FALLS SENIOR CITIZENS CENTER INC

EIN: 141454572 501(c)(3)

GLENS FALLS, NY

Total Revenue
$284,080
Total Expenses
$333,384
Total Assets
$1,037,196
Net Assets
$1,022,472
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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
1959
Legal Domicile
NY
Principal Officer
HAROLD MCKINNEY
Phone
5187932189
Tax Period
2023-10-01 to 2024-09-30

GREATER GLENS FALLS SENIOR CITIZENS CENTER INC, founded in 1959, is a small nonprofit that reported $284K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $333K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE SENIOR CENTER SEEKS TO IMPROVE QUALITY OF LIFE FOR THOSE 55 AND OLDER IN THE GREATER GLENS FALLS, NEW YORK, AREA BY OFFERING A WIDE RANGE OF EDUCATIONAL, HEALTH, AND RECREATIONAL RELATED ACTIVITIES AND SERVICES BOTH AT THE CENTER AND IN THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $169,620 Revenue: $2,613

OPERATION OF SENIOR CITIZENS CENTER FOR BENEFIT OF MEMBERS. THE SENIOR CITIZENS CENTER SERVES 449 MEMBERS.

Program 2
Expenses: $7,392 Revenue: $23,640

RECREATION, SOCIAL AND HOBBY PROGRAMS.

Program 3
Expenses: $3,790

OUTREACH AND TRANSPORTATION OF MEMBERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $173,428
Program Service Revenue $26,253
Investment Income $30,375
Other Revenue $54,024
TOTAL REVENUE $284,080

Expense Breakdown

Grants Paid $0
Salaries & Benefits $219,110
Fundraising Expenses $44,939
Program Expenses $184,248
Other Expenses $114,274
TOTAL EXPENSES $333,384

Year-over-Year Comparison

2023 2022 Change
Revenue $284,080 $333,587 -0.1%
Expenses $333,384 $314,952 +0.1%
Net Income $-49,304 $18,635 -3.6%
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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Governance

Voting Members
9
Independent Members
9
Employees
7
Volunteers
44

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
5
$75,168
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY COLLINS DIRECTOR 2.00
Director
$0 $0 $0
EDMUND BROCHU DIRECTOR 2.00
Director
$0 $0 $0
ALEXANDRA ROZELL DIRECTOR 2.00
Director
$0 $0 $0
DARLENE HAYES DIRECTOR 2.00
Director
$0 $0 $0
DEBRA GORDON DIRECTOR 2.00
Director
$0 $0 $0
HAROLD MCKINNEY PRESIDENT 2.00
Officer Director
$0 $0 $0
TIM ROBINSON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ADAM HOROWITZ TREASURER 2.00
Officer Director
$0 $0 $0
JENNIFER GOODWIN SECRETARY 2.00
Officer Director
$0 $0 $0
KIM BREN EXECUTIVE DIRECTOR 40.00
Officer
$67,361 $7,807 $75,168
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 $284,080 $333,384 $1,037,196 $-49,304
2023 $333,587 $314,952 $1,031,621 $18,635
2022 $256,357 $276,972 $994,152 $-20,615
2021 $275,075 $257,991 $1,168,492 $17,084
2020 $269,919 $318,266 $1,171,980 $-48,347
2019 $402,417 $335,742 $1,185,607 $66,675
2018 $305,117 $294,913 $1,103,175 $10,204
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