GLORY TABERNACLE FAMILY LIFE CENTER INC (EIN 223522814) - 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

1997

Legal Domicile

Phone

8564511552

Tax Period

2023-07-01 to 2024-06-30

GLORY TABERNACLE FAMILY LIFE CENTER INC, founded in 1997, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE QUALITY CARE TO CHILDREN OF ALL AGES REGARDLESS OF RACE, COLOR, OR CREED.

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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 $1,616,052

Program Service Revenue $97,144

Investment Income $7

Other Revenue $151

TOTAL REVENUE $1,713,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,553,280

Fundraising Expenses $0

Program Expenses $2,044,935

Other Expenses $511,327

TOTAL EXPENSES $2,064,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,713,354	$1,831,330	-0.1%
Expenses	$2,064,607	$1,959,169	+0.1%
Net Income	$-351,253	$-127,839	+1.7%

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

$100,553

Total Directors

$100,553

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID A HADLEY JR	Executive Dir.	40.00	Officer Director	$63,653	$0	$63,653
DAVID A HADLEY SR	President	20.00	Officer Director	$36,900	$0	$36,900
DARLENE G HADLEY	Secretary	5.00	Officer Director	$0	$0	$0
DIANE LEWIS	Trustee	5.00	Director	$0	$0	$0
E DEIONNE THRBAK	Trustee	5.00	Director	$0	$0	$0
LINDA RAHMING	Trustee	5.00	Director	$0	$0	$0
DARLENE RICHMOND	Treasurer	5.00	Officer 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	No data	No data	No data	No data
2024	$1,713,354	$2,064,607	$238,528	$-351,253
2023	$1,831,330	$1,959,169	$309,880	$-127,839
2022	$1,701,580	$1,781,055	$513,639	$-79,475
2021	$1,839,982	$1,778,879	$575,159	$61,103
2020	$1,918,061	$1,885,946	$650,817	$32,115
2019	$1,883,985	$1,936,044	$473,065	$-52,059
2018	$1,861,067	$1,897,527	$559,533	$-36,460

GLORY TABERNACLE FAMILY LIFE CENTER INC