GLADE TOWNE COMMUNITY ASSOCIATION … - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

WILLIAM HORMES

Phone

2404228858

Tax Period

2025-01-01 to 2025-12-31

GLADE TOWNE COMMUNITY ASSOCIATION INC, founded in 1972, is a small nonprofit that reported $317K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. Expenses of $294K left a modest 7% surplus.

Mission

THE COMMUNITY ASSOCIATION'S MISSION IS TO MAINTAIN, REGULATE, AND ADMINISTER THE FACILITIES OWNED IN COMMON AT THE GLADE TOWNE COMMUNITY IN WALKERSVILLE, MARYLAND.

Program Service Accomplishments

Program 1

Expenses: $205,404 Revenue: $170,037

THE OPERATING FUND IS USED TO ACCOUNT FOR FINANCIAL RESOURCES AVAILABLE FOR THE GENERAL OPERATIONS OF THE ASSOCIATION.

Program 2

Expenses: $23,972 Revenue: $32,127

THE TOWNHOUSE OPERATING FUND IS USED TO ACCUMULATE FINANCIAL RESOURCES AVAILABLE FOR TOWNHOUSE OPERATIONS OF THE ASSOCIATION.

Program 3

Expenses: $46,848 Revenue: $44,353

THE REPLACEMENT FUND IS USED TO ACCUMULATE FINANCIAL RESOURCES DESIGNATED FOR FUTURE MAJOR REPAIRS AND REPLACEMENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $301,599

Investment Income $5,831

Other Revenue $9,985

TOTAL REVENUE $317,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,928

Fundraising Expenses $0

Program Expenses $276,224

Other Expenses $239,536

TOTAL EXPENSES $294,464

Year-over-Year Comparison

	2025	2024	Change
Revenue	$317,415	$391,478	-0.2%
Expenses	$294,464	$423,478	-0.3%
Net Income	$22,951	$-32,000	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM HORMES	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID HUGHES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE CAVIN	TREASURER	1.00	Officer Director	$0	$0	$0
ALAN ASHLEY	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD DAY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT YODER	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA YODER	DIRECTOR	1.00	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	$317,415	$294,464	$246,596	$22,951
2024	$391,478	$423,478	$223,645	$-32,000
2023	$385,109	$327,928	$255,645	$57,181
2022	$324,819	$280,505	$218,044	$44,314
2021	$224,584	$201,520	$173,097	$23,064
2020	$198,064	$203,850	$150,836	$-5,786
2019	$209,040	$198,850	$156,644	$10,190
2018	$197,002	$204,230	$148,505	$-7,228

GLADE TOWNE COMMUNITY ASSOCIATION INC