Chicago Glider Club Inc (EIN 363106850) - 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

1953

Legal Domicile

Principal Officer

Gerald Molidor

Phone

8158614098

Tax Period

2023-01-01 to 2023-12-31

Chicago Glider Club Inc, founded in 1953, is a small nonprofit in the Recreation & Sports sector that reported $105K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26K, a strong 25% operating margin.

Mission

To provide fellowship, information, instruction, stimulation and education for those interested in gliding, flying and soaring

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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 (2023)

Revenue Breakdown

Contributions & Grants $61,663

Program Service Revenue $43,260

Investment Income $0

Other Revenue $0

TOTAL REVENUE $104,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $403

Program Expenses $75,192

Other Expenses $71,854

TOTAL EXPENSES $78,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,923	$87,388	+0.2%
Expenses	$78,755	$87,998	-0.1%
Net Income	$26,168	$-610	-43.9%

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

N/A

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
Ron Ridenour	President	5.00	Officer	$0	$0	$0
Bob Higginson	Vice President	2.00	Officer	$0	$0	$0
John Copley	Secretary	2.00	Officer	$0	$0	$0
Gerald Molidor	Treasurer	5.00	Officer	$0	$0	$0
Jeffrey Mack	Operations Director	5.00	Director	$0	$0	$0
Donald Kroesch	Facilities Director	5.00	Director	$0	$0	$0
David Galowich	Director at large	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
2024	No data	No data	No data	No data
2023	$104,923	$78,755	$605,779	$26,168
2022	$87,388	$87,998	$581,892	$-610
2021	$109,488	$66,713	$588,042	$42,775
2020	$111,067	$78,892	$558,189	$32,175
2019	$101,336	$88,133	$539,954	$13,203
2018	$76,283	$64,707	$618,564	$11,576

Chicago Glider Club Inc