GLENHAVEN INC (EIN 390968652) - 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

1960

Legal Domicile

Principal Officer

KEVIN LARSON

Phone

7152654555

Tax Period

2024-01-01 to 2024-12-31

GLENHAVEN INC, founded in 1960, is a community nonprofit in the Health Care sector that reported $4.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE THERAPEUTIC, PREVENTATIVE, AND RESTORATIVE CARE TO OUR RESIDENTS THAT WILL ASSIST THEM TO OBTAIN AND MAINTAIN AN OPTIMUM LEVEL OF HEALTH AND WELL-BEING.

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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 $19,528

Program Service Revenue $3,991,329

Investment Income $27,911

Other Revenue $32,312

TOTAL REVENUE $4,071,080

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,723,413

Fundraising Expenses $0

Program Expenses $3,939,736

Other Expenses $2,641,564

TOTAL EXPENSES $4,364,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,071,080	$3,725,787	+0.1%
Expenses	$4,364,977	$4,298,015	+0.0%
Net Income	$-293,897	$-572,228	-0.5%

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

$215,986

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MCCUTCHIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBIN DARWIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CYNTHIA TUTTLE	TREASURER	1.00	Officer Director	$0	$0	$0
LESLEY NELSON	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID BARTZ	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA LARSON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL RAMEY	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN WYLIE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LARSON	ADMINSTRATOR	40.00	Officer	$57,833	$2,298	$60,131
SHERRY GOODMAN	ADMINISTRATOR (THRU 06/24)	40.00	Officer	$79,396	$8,090	$87,486
SAMANTHA MOE	DIRECTOR OF FINANCE	40.00	Officer	$54,910	$13,459	$68,369
ROBIN MERTEN	DIRECTOR OF NURSING	40.00	Highest	$114,968	$3,449	$118,417

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	$4,071,080	$4,364,977	$8,656,917	$-293,897
2023	$3,725,787	$4,298,015	$9,159,728	$-572,228
2022	$4,005,518	$4,074,638	$9,983,631	$-69,120
2021	$4,376,932	$4,398,071	$10,256,185	$-21,139
2020	$5,291,622	$4,969,049	$11,048,156	$322,573
2019	$4,628,767	$4,344,957	$10,417,521	$283,810
2018	$3,882,630	$4,217,326	$10,295,376	$-334,696

GLENHAVEN INC