GLADE RUN FOUNDATION

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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

1994

Legal Domicile

Principal Officer

STEVEN GREEN

Phone

7244524453

Tax Period

2024-07-01 to 2025-06-30

GLADE RUN FOUNDATION, founded in 1994, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $464K, a strong 37% operating margin.

Mission

GLADE RUN FOUNDATION RAISES, MANAGES, INVESTS, RE-INVESTS, AND DISTRIBUTES FUNDS FOR THE BENEFIT OF THE GLADE RUN SYSTEM (GLADE RUN LUTHERAN SERVICES AND GLADE RUN), DIRECTING ITS EFFORTS TO SOLICITING CONTRIBUTIONS FROM CORPORATIONS, FOUNDATIONS, GOVERNMENT AND THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $460,963

GLADE RUN FOUNDATION WAS ORGANIZED FOR THE PURPOSE OF RAISING, MANAGING, INVESTING, & DISTRIBUTING FUNDS FOR THE BENEFIT OF THEIR AFFILIATE 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 $551,787

Program Service Revenue $0

Investment Income $563,714

Other Revenue $127,801

TOTAL REVENUE $1,243,302

Expense Breakdown

Grants Paid $460,963

Salaries & Benefits $204,655

Fundraising Expenses $158,324

Program Expenses $460,963

Other Expenses $114,175

TOTAL EXPENSES $779,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,243,302	$4,597,851	-0.7%
Expenses	$779,793	$835,419	-0.1%
Net Income	$463,509	$3,762,432	-0.9%

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

N/A

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
MELISSA TURNER	CHAIR/DIRECTOR	1.00	Officer Director	$0	$0	$0
SETH PRENTICE	VICE CHAIR/DIRECTOR	1.00	Officer Director	$0	$0	$0
ROBERT FINLEY	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
PHILIP LOPE	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
ASHLEY CURRAN	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH DARKEY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FINLEY	DIRECTOR	1.00	Director	$0	$0	$0
BRETT FULESDAY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FULKERSON	DIRECTOR	1.00	Director	$0	$0	$0
NICOLAS JARAMILLO	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN KANE	DIRECTOR	1.00	Director	$0	$0	$0
JONDAVID LONGO	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON ROBINETTE	DIRECTOR	1.00	Director	$0	$0	$0
KATIE TALERICO	DIRECTOR	1.00	Director	$0	$0	$0
MONIKA TOMKO	DIRECTOR	1.00	Director	$0	$0	$0
ROXANNE TURNER	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	$1,243,302	$779,793	$12,456,974	$463,509
2024	$4,597,851	$835,419	$11,413,341	$3,762,432
2023	$947,484	$769,349	$7,165,003	$178,135
2022	$1,496,375	$669,731	$6,367,138	$826,644
2021	$1,034,692	$739,448	$6,894,900	$295,244
2020	$939,921	$976,778	$5,476,129	$-36,857
2019	$1,095,395	$1,167,286	$5,455,883	$-71,891
2018	$1,076,880	$1,192,949	$5,899,802	$-116,069