Crandall Trust CO Glens Falls Natl Bank (EIN 146025336) - 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

1913

Legal Domicile

Principal Officer

SANDRA J HUTCHINSON

Phone

5187928138

Tax Period

2024-12-01 to 2025-11-30

Crandall Trust CO Glens Falls Natl Bank, founded in 1913, is a small nonprofit that reported $101K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $167K exceeded revenue, resulting in a 66% operating deficit.

Mission

The Trust contributes to the Crandall Library for use in its operations.

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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 $0

Program Service Revenue $0

Investment Income $100,599

Other Revenue $0

TOTAL REVENUE $100,599

Expense Breakdown

Grants Paid $144,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $144,000

Other Expenses $22,848

TOTAL EXPENSES $166,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,599	$239,482	-0.6%
Expenses	$166,848	$151,352	+0.1%
Net Income	$-66,249	$88,130	-1.8%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA J HUTCHINSON	Trustee/Chmn	2.00	Officer Director	$0	$0	$0
GEORGE R GREEN	Trustee/Secy	1.00	Officer Director	$0	$0	$0
JOHN E BARCLAY	Trustee	1.00	Director	$0	$0	$0
EILEEN MINDER	Trustee	1.00	Director	$0	$0	$0
MARIA G NOWOTNY	Trustee	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
2025	$100,599	$166,848	$3,250,963	$-66,249
2024	No data	No data	No data	No data
2023	$124,405	$145,598	$3,229,082	$-21,193
2022	$836,819	$139,031	$3,250,275	$697,788
2021	$266,758	$153,091	$2,552,487	$113,667
2020	$181,884	$129,146	$2,438,820	$52,738
2019	$157,199	$123,537	$2,386,082	$33,662
2018	$67,871	$120,750	$2,352,420	$-52,879

Crandall Trust CO Glens Falls Natl Bank