GREATER GLENS FALLS SENIOR CITIZENS CENTER INC (EIN 141454572) - 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

1959

Legal Domicile

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

SERVICES FOR SENIOR CITIZENS OF THE GLENS FALLS AREA.

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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 $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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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

$75,168

Total Directors

Key Employees

Highest Compensated

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

GREATER GLENS FALLS SENIOR CITIZENS CENTER INC