GLEN LAKE SCHOOL PARTNERSHIP

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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

2006

Legal Domicile

Principal Officer

KATHERINE MEMIC

Phone

6035455574

Tax Period

2024-07-01 to 2025-06-30

GLEN LAKE SCHOOL PARTNERSHIP, founded in 2006, is a micro nonprofit that reported $14K in total revenue in fiscal year 2024. The organization ran a surplus of $3K, a strong 21% operating margin.

Mission

TO ASSIST IN FACILITATING EVENTS AND COMMUNICATION BETWEEN THE TEACHERS, ADMINISTRATION AND FAMILIES OF GLEN LAKE SCHOOL.

Program Service Accomplishments

Program 1

TO ASSIST IN FACILITATING EVENTS AND COMMUNICATION BETWEEN THE TEACHERS, ADMINISTRATION AND FAMILIES OF GLEN LAKE SCHOOL.

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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 $13,804

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $10,404

Other Expenses $10,889

TOTAL EXPENSES $10,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,804	N/A	N/A
Expenses	$10,889	N/A	N/A
Net Income	$2,915	N/A	N/A

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

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
ANGELA BARBER	VICE PRESIDE	N/A	Director	$0	$0	$0
JENNIFER LEISIEUR	SECRETARY	N/A	Director	$0	$0	$0
KATHERINE MEMIC	TREASURER	2.00	Director	$0	$0	$0
KATHERINE RUSS	PRESIDENT	N/A	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	$13,804	$10,889	$14,502	$2,915