GLENMONT (EIN 314379477) - 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

1931

Legal Domicile

Principal Officer

JOHN MANFREDA

Phone

6148760084

Tax Period

2024-01-01 to 2024-12-31

GLENMONT, founded in 1931, is a community nonprofit in the Health Care sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $4.6M exceeded revenue, resulting in a 30% operating deficit.

Mission

EXEMPLIFY THE HEALING MINISTRY OF CHRISTIAN SCIENCE AS ARTICULATED IN THE CHURCH MANUAL AND IN SCIENCE AND HEALTH WITH KEY TO THE SCRIPTURES BY MARY BAKER EDDY.

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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 $1,140,730

Program Service Revenue $2,086,104

Investment Income $307,520

Other Revenue $6,085

TOTAL REVENUE $3,540,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,202,111

Fundraising Expenses $87,486

Program Expenses $4,104,263

Other Expenses $1,412,183

TOTAL EXPENSES $4,614,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,540,439	$2,746,993	+0.3%
Expenses	$4,614,294	$4,058,004	+0.1%
Net Income	$-1,073,855	$-1,311,011	-0.2%

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

$192,001

Total Directors

$192,001

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYDIA MANFREDA	TRUSTEE/SECY/ADMINISTRATOR	40.00	Officer Director	$95,100	$2,821	$97,921
HELVI PAASINEN	TRUSTEE/DIRECTOR OF CS NURSING	40.00	Officer Director	$91,515	$2,565	$94,080
M FREEMAN DURHAM	TRUSTEE / PRESIDENT	5.00	Officer Director	$0	$0	$0
LOIS DEGLER	TRUSTEE	5.00	Director	$0	$0	$0
ROXANNE MACKIE	TRUSTEE	5.00	Director	$0	$0	$0
DEBORAH MASTER	TRUSTEE	5.00	Director	$0	$0	$0
DEBORAH WRIGHT	TRUSTEE	5.00	Director	$0	$0	$0
GAIL MOELLER	TRUSTEE / VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ELIZABETH REGER	TRUSTEE / TREASURER	5.00	Officer Director	$0	$0	$0
JONATHAN FERRELL	TRUSTEE	5.00	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
2024	$3,540,439	$4,614,294	$10,657,283	$-1,073,855
2023	$2,746,993	$4,058,004	$11,141,945	$-1,311,011
2022	$3,418,897	$3,475,733	$11,600,725	$-56,836
2021	$3,231,865	$3,406,277	$14,145,221	$-174,412
2020	$7,046,091	$3,344,148	$12,725,774	$3,701,943
2019	$3,171,208	$3,644,538	$9,734,252	$-473,330
2018	$3,695,470	$3,192,833	$8,917,418	$502,637

GLENMONT