GLEN EDDY INC

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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

1995

Legal Domicile

Principal Officer

MICHELLE MAZZACCO

Phone

5182808000

Tax Period

2024-07-01 to 2025-06-30

GLEN EDDY INC, founded in 1995, is a community nonprofit in the Human Services sector that reported $9.7M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $8.9M left a modest 9% surplus.

Mission

WE, ST. PETER'S HEALTH PARTNERS AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. GLEN EDDY IS A MEMBER OF ST. PETER'S HEALTH PARTNERS AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $7,416,047 Revenue: $9,270,514

GLEN EDDY IS A SENIOR LIVING COMMUNITY LOCATED IN NISKAYUNA, NEW YORK. THE COMMUNITY OFFERS INDEPENDENT LIVING IN 82 APARTMENTS AND 16 COTTAGES AND ASSISTED LIVING IN 42 ENRICHED HOUSING UNITS. THE RETIREMENT COMMUNITY SERVES RESIDENTS 55 YEARS OF AGE AND OLDER, AND PROVIDES SECURITY, MAINTENANCE, DINING, ACTIVITIES, TRANSPORTATION, AND AMENITIES TO ALLOW RESIDENTS TO STAY INDEPENDENT AS LONG AS POSSIBLE. THE ENRICHED HOUSING UNITS PROVIDE ASSISTANCE WITH THE ACTIVITIES OF DAILY LIVING, AS WELL AS HEALTH RELATED SERVICES TO ITS RESIDENTS. GLEN EDDY IS COMMITTED TO MAKING ITS SERVICES AND FACILITIES AVAILABLE TO RESIDENTS WHO CAN NO LONGER MEET THE FINANCIAL OBLIGATIONS OF RESIDENCY.PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION:WWW.EDDYSENIORLIVING.COM/OUR-COMMUNITIES

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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 $301,316

Program Service Revenue $9,270,514

Investment Income $129,014

Other Revenue $0

TOTAL REVENUE $9,700,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,623,583

Fundraising Expenses $0

Program Expenses $7,416,047

Other Expenses $5,230,906

TOTAL EXPENSES $8,854,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,700,844	$7,821,808	+0.2%
Expenses	$8,854,489	$8,161,806	+0.1%
Net Income	$846,355	$-339,998	-3.5%

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

144

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

$4,478,643

Total Directors

$4,572,370

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN HANKS MD	DIRECTOR; PRESIDENT & CEO	0.10	Officer Director	$0	$293,091	$1,744,842
KATHLEEN JIMINO	DIRECTOR; CHAIR	0.10	Officer Director	$0	$0	$0
WILLIAM WILDRIDGE III	DIRECTOR; VICE CHAIR	0.10	Officer Director	$0	$0	$0
JOHN MARSHALL	DIRECTOR; TREASURER	0.10	Officer Director	$0	$0	$0
GUHA BALA	DIRECTOR	0.10	Director	$0	$0	$0
GEORGE HEARST III	DIRECTOR AS OF 4/25	0.10	Director	$0	$0	$0
DANIEL ISACKSEN	DIRECTOR; TRINITY HEALTH CFO	0.10	Director	$0	$448,380	$2,827,147
PATRICIA LAPCZYNSKI RSM	DIRECTOR AS OF 1/25	0.10	Director	$0	$0	$0
MARY ANN LOGIUDICE RSM	DIRECTOR THROUGH 12/24	0.10	Director	$0	$0	$0
ROBERT MCCORMICK	DIRECTOR	0.10	Director	$0	$0	$0
LEE MCELROY JR	DIRECTOR THROUGH 12/24	0.10	Director	$0	$0	$0
MICHAEL MEATH	DIRECTOR	0.10	Director	$0	$0	$0
GINA MYERS PHD	DIRECTOR; SJHHC CONSULTANT	0.10	Director	$0	$0	$381
MERRIETTE POLLARD	DIRECTOR	0.10	Director	$0	$0	$0
MARGUERITE SULLIVAN RSM	DIRECTOR AS OF 1/25	0.10	Director	$0	$0	$0
KERRI SWEET ZAVAGLIA	DIRECTOR	0.10	Director	$0	$0	$0
OLUWATOYIN TODAFE	DIRECTOR	0.10	Director	$0	$0	$0
JULIE EDMUNDS SMITH	VP, CFO - NY REG AS OF 11/24	0.10	Officer	$0	$50,273	$471,132
ERIC FARRELL	SECRETARY; ASSOC COUNSEL, NY REGION	0.10	Officer	$0	$52,080	$327,040
THOMAS ROBERT	VP, CFO & TREAS - NY REG THR 11/24	0.10	Officer	$0	$54,651	$1,123,341
KRISTIN SIGNOR	CFO, CONTINUING CARE	1.00	Officer	$0	$48,740	$356,938
MICHELLE MAZZACCO	EVP, CONTINUING CARE	1.00	Officer	$0	$26,901	$455,350
JACKIE REILLY	MANAGER, RESIDENT SERVICES	40.00	Highest	$120,550	$32,746	$153,296
KIM BAKER	FORMER OFFICER; SPHP SVP HOSP OPS	0.00		$0	$147,487	$932,252
JAMES REED MD	FORMER OFFICER	0.00		$0	$0	$147,613

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
2025	$9,700,844	$8,854,489	$19,862,631	$846,355
2024	$7,821,808	$8,161,806	$19,062,518	$-339,998
2023	$7,287,704	$7,691,185	$16,638,898	$-403,481
2022	$7,800,272	$7,550,811	$18,276,536	$249,461
2021	$7,432,124	$7,155,673	$19,303,888	$276,451
2020	$7,512,747	$7,251,733	$18,566,951	$261,014
2019	$7,549,143	$7,147,356	$17,939,598	$401,787
2018	$7,853,381	$7,061,400	$18,440,558	$791,981