GLENS FALLS AREA YOUTH CENTER INC (EIN 141505150) - 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

1968

Legal Domicile

Principal Officer

MOLLY CONGDON-HUNSDON

Phone

5187935932

Tax Period

2024-01-01 to 2024-12-31

GLENS FALLS AREA YOUTH CENTER INC, founded in 1968, is a small nonprofit in the Youth Development sector that reported $514K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $153K, a strong 30% operating margin.

Mission

TO PROVIDE FREE RECREATIONAL AND EDUCATIONAL SERVICES TO DISADVANTAGED YOUTHS AGED 11-18, WITHOUT DISCRIMINATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $461,289

Program Service Revenue $0

Investment Income $45,555

Other Revenue $7,242

TOTAL REVENUE $514,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $233,586

Fundraising Expenses $9,334

Program Expenses $308,515

Other Expenses $127,420

TOTAL EXPENSES $361,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$514,086	$350,573	+0.5%
Expenses	$361,006	$304,172	+0.2%
Net Income	$153,080	$46,401	+2.3%

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

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
ALESSANDRA BANGE-HALL	DIRECTOR	1.00	Director	$0	$0	$0
KRISTY MOORE	SECRETARY	2.00	Officer Director	$0	$0	$0
MEGAN MCMAHON	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
MATT NELSON	PRESIDENT	3.00	Officer Director	$0	$0	$0
CARLY REMINGTON	TREASURER	2.00	Officer Director	$0	$0	$0
MATT ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
JEANELLE SHAVER	DIRECTOR	1.00	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	$514,086	$361,006	$1,709,608	$153,080
2023	$350,573	$304,172	$1,562,368	$46,401
2022	$301,163	$265,281	$1,511,359	$35,882
2021	$260,504	$270,352	$1,473,448	$-9,848
2020	$287,144	$250,084	$1,484,411	$37,060
2019	$281,807	$277,173	$1,446,141	$4,634
2018	$249,739	$267,098	$1,439,420	$-17,359

GLENS FALLS AREA YOUTH CENTER INC