GLEANERS OF SOUTH LAKE COUNTY INC (EIN 351826556) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

KAREN GREENHOLT

Phone

2193745266

Tax Period

2023-01-01 to 2023-12-31

GLEANERS OF SOUTH LAKE COUNTY INC, founded in 1990, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $186K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $230K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE PRINCIPAL ACTIVITY OF THE ORGANIZATION IS TO OPERATE A RESALE THRIFT SHOP, WHICH SHALL RECEIVE CONTRIBUTIONS OF MERCHANDISE FROM THE GENERAL PUBLIC. MERCHANDISE IS THEN RESOLD TO THE GENERAL PUBLIC. PROCEEDS FROM THE RESALE OF MERCHANDISE ARE THEN CONTRIBUTED TO OTHER EXEMPT ORGANIZATIONS ALONG WITH UNSOLD MERCHANDISE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $183,620

Program Service Revenue $0

Investment Income $0

Other Revenue $2,076

TOTAL REVENUE $185,696

Expense Breakdown

Grants Paid $21,675

Salaries & Benefits $171,699

Fundraising Expenses $0

Program Expenses $221,280

Other Expenses $36,839

TOTAL EXPENSES $230,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$185,696	$204,054	-0.1%
Expenses	$230,213	$209,970	+0.1%
Net Income	$-44,517	$-5,916	+6.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$17,865

Total Directors

$17,865

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROCHELLE BOWIE	DIRECTOR	2.00	Director	$0	$0	$0
FRAN HOLTZ	DIRECTOR	2.00	Director	$0	$0	$0
PAT SCHICK	DIRECTOR	2.00	Director	$0	$0	$0
LISA PHILLIPS	DIR/SECR.	2.00	Officer Director	$0	$0	$0
BECKY MARSIGLIO	DIRECTOR	2.00	Director	$0	$0	$0
KAREN GREENHOLT	DIR/PRES.	2.00	Officer Director	$0	$0	$0
DAVID HARMENING	DIR/V-P	2.00	Officer Director	$0	$0	$0
ALICIA BELLAMY	DIR/TREAS.	2.00	Officer Director	$17,865	$0	$17,865
JANICE BUCHMEIER	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$185,696	$230,213	$29,782	$-44,517
2022	$204,054	$209,970	$72,969	$-5,916
2021	$232,862	$181,211	$75,690	$51,651
2020	$114,625	$106,845	$24,039	$7,780

GLEANERS OF SOUTH LAKE COUNTY INC