GLENWOOD CLUB INC C/O Doug Malone

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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

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. The primary activity of the Club is to hold weekly membership dinners.

Program Service Accomplishments

Program 1

The Primary function of the club is to foster camaraderie within the membership. This is accomplished through regular weekly dinners and gatherings held throughout the year.

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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 $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

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

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