GLEN VIEW CLUB SCHOLARSHIP FOUNDAT… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

John Smart

Phone

8477296500

Tax Period

2023-01-01 to 2023-12-31

GLEN VIEW CLUB SCHOLARSHIP FOUNDATION, founded in 1995, is a small nonprofit in the Education sector that reported $545K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $645K exceeded revenue, resulting in a 18% operating deficit.

Mission

SCHOLARSHIP AWARDS AND OTHER EDUCATIONAL SUPPORT TO THE EMPLOYEES, FAMILIES AND CADDIES OF GLEN VIEW CLUB.

Program Service Accomplishments

Program 1

Expenses: $578,555

SCHOLARSHIPS ARE AWARDED TO EMPLOYEES AND THEIR FAMILIES AND THE CADDIES OF GLEN VIEW CLUB.

Program 2

Expenses: $29,535

PROVIDE SPECIAL ACADEMIC PROGRAMS AND INDIVIDUAL TUTORING ASSISTANCE TO EMPLOYEES AND THEIR FAMILIES AND CADDIES OF GLEN VIEW CLUB.

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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 $429,561

Program Service Revenue $0

Investment Income $115,383

Other Revenue $0

TOTAL REVENUE $544,944

Expense Breakdown

Grants Paid $578,555

Salaries & Benefits $0

Fundraising Expenses $7,722

Program Expenses $608,090

Other Expenses $66,012

TOTAL EXPENSES $644,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$544,944	$2,284,976	-0.8%
Expenses	$644,567	$482,230	+0.3%
Net Income	$-99,623	$1,802,746	-1.1%

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
CAROLYN HENDERSON	Director	1.00	Director	$0	$0	$0
JEFFREY DEVRON	Director	1.00	Director	$0	$0	$0
Nick Lawler	Director	1.00	Director	$0	$0	$0
John Smart	President	1.00	Officer Director	$0	$0	$0
REBECCA MICHAELS	Director	1.00	Director	$0	$0	$0
TED ROUSE	Director	1.00	Director	$0	$0	$0
Stephen Pinaire	Director	1.00	Director	$0	$0	$0
David Anders Hiteshew	Treasurer	1.00	Director	$0	$0	$0
Caroline Quazzo-Elnick	Director	1.00	Director	$0	$0	$0
Lisa Salemi	Director	1.00	Director	$0	$0	$0
BENJAMIN ARMSTRONG	Secretary	1.00	Officer Director	$0	$0	$0
JAMES BRAULT	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
2024	No data	No data	No data	No data
2023	$544,944	$644,567	$4,666,265	$-99,623
2022	$2,284,976	$482,230	$4,105,020	$1,802,746
2021	$1,594,584	$453,914	$2,901,296	$1,140,670
2020	$376,382	$357,428	$1,815,361	$18,954
2019	$353,778	$365,776	$1,532,307	$-11,998
2018	$318,927	$346,540	$1,358,530	$-27,613

GLEN VIEW CLUB SCHOLARSHIP FOUNDATION