GLENS FALLS INDEPENDENT LIVING CENTER INC (EIN 141706914) - 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

1988

Legal Domicile

Principal Officer

JOHN FITZGERALD

Phone

5187923537

Tax Period

2023-10-01 to 2024-09-30

GLENS FALLS INDEPENDENT LIVING CENTER INC, founded in 1988, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023.

Mission

SAIL HELPS PEOPLE LIVE MORE INDEPENDENTLY.

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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 $3,186,592

Program Service Revenue $-1,206

Investment Income $22,792

Other Revenue $13,966

TOTAL REVENUE $3,222,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,595,175

Fundraising Expenses $0

Program Expenses $2,772,237

Other Expenses $683,735

TOTAL EXPENSES $3,278,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,222,144	$3,091,782	+0.0%
Expenses	$3,278,910	$2,995,719	+0.1%
Net Income	$-56,766	$96,063	-1.6%

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

Total Directors

$130,485

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN FITZGERALD	PRESIDENT	4.00	Officer Director	$0	$0	$0
RICHARD MYETTE	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
ANDREA E MATTE	TREASURER	4.00	Officer Director	$0	$0	$0
AMY C MERCHANT	SECRETARY	4.00	Officer Director	$0	$0	$0
DENNIS BROWER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL D DEZIK ESQ	DIRECTOR	2.00	Director	$0	$0	$0
RODNEY BENTLEY	DIRECTOR	2.00	Director	$0	$0	$0
BILL JONES	DIRECTOR	2.00	Director	$0	$0	$0
KIM BREN	DIRECTOR	2.00	Director	$0	$0	$0
COLETTE BRENNAN	DIRECTOR	2.00	Director	$0	$0	$0
DARLENE HAYES	DIRECTOR	2.00	Director	$0	$0	$0
TYLER WHITNEY	EXECUTIVE DIRECTOR	40.00	Director	$112,161	$18,324	$130,485

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	$3,222,144	$3,278,910	$2,589,189	$-56,766
2023	$3,091,782	$2,995,719	$1,909,068	$96,063
2022	$2,882,371	$2,937,979	$1,750,443	$-55,608
2020	$2,750,058	$2,653,520	$1,771,208	$96,538
2019	$2,539,699	$2,491,263	$1,779,611	$48,436
2018	$2,280,337	$2,185,896	$1,517,966	$94,441

GLENS FALLS INDEPENDENT LIVING CENTER INC