GLENWOOD CLUB INC C/O Doug Malone

EIN: 237118606

Hammondsport NY, NY

Total Revenue
$77,806
Total Expenses
$188,704
Total Assets
$3,416,983
Net Assets
$3,416,983
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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
1911
Legal Domicile
NY
Principal Officer
Richard Drain
Phone
6074253870
Tax Period
2024-06-01 to 2025-05-31

GLENWOOD CLUB INC C/O Doug Malone, founded in 1911, is a micro nonprofit that reported $78K in total revenue in fiscal year 2024. Expenses of $189K exceeded revenue, resulting in a 143% operating deficit.

Mission

The Glenwood Club was organized in 1911 for the social interaction and camaraderie of individuals in the Hammondsport, New York community.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $49,887
Program Service Revenue $0
Investment Income $0
Other Revenue $27,919
TOTAL REVENUE $77,806

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $188,704
TOTAL EXPENSES $188,704

Year-over-Year Comparison

2024 2023 Change
Revenue $77,806 $76,752 +0.0%
Expenses $188,704 $181,458 +0.0%
Net Income $-110,898 $-104,706 +0.1%
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

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Governance

Voting Members
20
Independent Members
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Drain President 2
Officer
$0 $0 $0
Paul Clark Vice President 1
Officer
$0 $0 $0
David Nesbitt Treasurer 2
Officer
$0 $0 $0
Rod Pedersen Secretary 1
Officer
$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 $77,806 $188,704 $3,416,983 $-110,898
2024 $76,752 $181,458 $3,527,881 $-104,706
2023 $2,081,206 $176,489 $3,630,987 $1,904,717
2022 $1,566,464 $39,170 $1,726,270 $1,527,294
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