PRESWICK GLEN INC (EIN 311727817) - 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

2000

Legal Domicile

Principal Officer

JEREMY RUTTER

Phone

3157977500

Tax Period

2024-01-01 to 2024-12-31

PRESWICK GLEN INC, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $5.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.2M left a modest 9% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO OFFER A RETIREMENT COMMUNITY WITH COMMITTMENT TO PROVIDE SECURITY, PEACE OF MIND AND INDEPENDENCE FOR SENIOR ADULTS BY PROMOTING OPPORTUNITIES FOR PERSONAL GROWTH IN AN ATTRACTIVE AND COMFORTABLE ATMOSPHERE.

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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 $0

Program Service Revenue $5,511,542

Investment Income $201,404

Other Revenue $64,560

TOTAL REVENUE $5,777,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,389,725

Fundraising Expenses $0

Program Expenses $4,191,005

Other Expenses $3,854,635

TOTAL EXPENSES $5,244,360

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,777,506	$5,209,265	+0.1%
Expenses	$5,244,360	$5,075,188	+0.0%
Net Income	$533,146	$134,077	+3.0%

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

$419,092

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA VOCE	VICE-CHAIRPERSON	0.20	Officer Director	$0	$0	$0
JAY WILLIAMS	CHAIRPERSON	0.20	Officer Director	$0	$0	$0
GEORGE BURKE	DIRECTOR	0.20	Director	$0	$0	$0
JULIANNE BREEN	SECRETARY	0.20	Officer Director	$0	$0	$0
MARIE ABRAHAM	DIRECTOR	0.20	Director	$0	$0	$0
RUSSELL CLARK	TREASURER	0.20	Officer Director	$0	$0	$0
JEFFREY KANE	DIRECTOR	0.20	Director	$0	$0	$0
DEBORAH WELKER-MILLS	DIRECTOR	0.20	Director	$0	$0	$0
PATRICIA PITCHER	DIRECTOR	0.20	Director	$0	$0	$0
ROGER WILLIAMS	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT OHMANN	DIRECTOR	0.20	Director	$0	$0	$0
ANNE CONNOR	CFO	1.00	Officer	$0	$19,222	$150,356
JEREMY RUTTER	PRESIDENT/CEO	1.00	Officer	$0	$20,042	$268,736

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	$5,777,506	$5,244,360	$16,661,098	$533,146
2023	$5,209,265	$5,075,188	$16,453,405	$134,077
2022	$5,007,253	$4,866,276	$16,500,780	$140,977
2021	$5,157,450	$4,670,039	$14,420,546	$487,411
2020	$4,821,198	$4,329,636	$13,381,827	$491,562
2019	$4,847,812	$4,253,700	$12,915,000	$594,112
2018	$4,812,010	$4,215,132	$12,765,254	$596,878

PRESWICK GLEN INC