Glens Falls Foundation (EIN 146036390) - 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

1939

Legal Domicile

Phone

5189268372

Tax Period

2024-01-01 to 2024-12-31

Glens Falls Foundation, founded in 1939, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $996K left a modest 12% surplus.

Mission

To improve the quality of life for the people of the Greater Glens Falls area through grants to non-profit organizations and donor-directed scholarships for area students.

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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 $134,906

Program Service Revenue $0

Investment Income $991,490

Other Revenue $0

TOTAL REVENUE $1,126,396

Expense Breakdown

Grants Paid $824,862

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $824,862

Other Expenses $170,660

TOTAL EXPENSES $995,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,126,396	$1,198,350	-0.1%
Expenses	$995,522	$1,138,329	-0.1%
Net Income	$130,874	$60,021	+1.2%

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
Jessica R Botelho Esq	Director	0.50	Director	$0	$0	$0
Donna Perkett	Chair	0.50	Officer Director	$0	$0	$0
Elizabeth Barton-Navitsky	Director	0.50	Director	$0	$0	$0
Dr Jim Fuchs	Director	0.50	Director	$0	$0	$0
Dr Stacey Mandelbaum	Director	0.50	Director	$0	$0	$0
Mark Behan	Vice Chair	0.50	Officer Director	$0	$0	$0
Dianne Shugrue	Director	0.50	Director	$0	$0	$0
Glens Falls National Bank	Trustee	1.00		$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	No data	No data	No data	No data
2024	$1,126,396	$995,522	$25,860,803	$130,874
2023	$1,198,350	$1,138,329	$23,563,753	$60,021
2022	$580,040	$936,750	$20,931,962	$-356,710
2021	$2,010,467	$755,558	$25,044,685	$1,254,909
2020	$513,566	$878,278	$21,813,061	$-364,712
2019	$3,596,576	$537,941	$20,271,623	$3,058,635
2018	$1,632,683	$597,553	$17,945,258	$1,035,130

Glens Falls Foundation