HISTORIC GLENWOOD FOUNDATION INC (EIN 237239468) - 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

1973

Legal Domicile

Principal Officer

MARLA GRIFFITH

Phone

3047461992

Tax Period

2024-01-01 to 2024-12-31

HISTORIC GLENWOOD FOUNDATION INC, founded in 1973, is a small nonprofit that reported $171K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $211K exceeded revenue, resulting in a 23% operating deficit.

Mission

PRESERVE HISTORICAL ESTATES FOR EDUCATIONAL AND ARTISTIC PROGRAMS

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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 $69,985

Program Service Revenue $0

Investment Income $96,642

Other Revenue $4,725

TOTAL REVENUE $171,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,086

Fundraising Expenses $0

Program Expenses $200,357

Other Expenses $165,801

TOTAL EXPENSES $210,887

Year-over-Year Comparison

	2024	2023	Change
Revenue	$171,352	$130,172	+0.3%
Expenses	$210,887	$185,460	+0.1%
Net Income	$-39,535	$-55,288	-0.3%

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

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

$19,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HORNER DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MARLA GRIFFITH	EXECUTIVE DIRECTOR	5.00	Director	$19,200	$0	$19,200
MARJORIE COOKE	DIRECTOR	0.20	Director	$0	$0	$0
HENRY BATTLE	DIRECTOR	0.20	Director	$0	$0	$0
JOSEPH FREEDMAN	VICE PRESIDENT/TREASURER	0.20	Director	$0	$0	$0
LIBBY HEDRICK	DIRECTOR	0.20	Director	$0	$0	$0
ERIC LASSITER	PRESIDENT	0.20	Director	$0	$0	$0
ANGUS M PEYTON	DIRECTOR	0.20	Director	$0	$0	$0
BILLY JOE PEYTON	DIRECTOR	0.20	Director	$0	$0	$0
DAYTON CARPENTER	DIRECTOR	0.20	Director	$0	$0	$0
CAROLE R GLASSER	DIRECTOR	0.20	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
2024	$171,352	$210,887	$2,468,332	$-39,535
2023	$130,172	$185,460	$2,460,995	$-55,288
2022	$165,100	$200,525	$2,363,791	$-35,425
2021	$192,215	$149,568	$2,717,367	$42,647
2020	$132,349	$266,449	$2,650,370	$-134,100
2019	$122,761	$148,542	$2,751,479	$-25,781
2018	$117,411	$124,920	$2,567,740	$-7,509

HISTORIC GLENWOOD FOUNDATION INC