GLENMORE FOUNDATION

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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

1973

Legal Domicile

Principal Officer

PAUL BIERMAIER

Phone

2182819200

Tax Period

2023-10-01 to 2024-09-30

GLENMORE FOUNDATION, founded in 1973, is a micro nonprofit in the Mental Health sector that reported $45K in total revenue in fiscal year 2023. Revenue surged 157% from the prior year, signaling strong growth momentum. Expenses of $58K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE FINANCIAL ASSISTANCE FOR THE CHEMICAL DEPENDENT PATIENT, TO ASSIST FAMILIES OF THE CHEMICALLY DEPENDENT, TO PROMOTE EDUCATION AND AWARENESS OF CHEMICAL DEPENDENCY, AND TO ASSIST CHEMICAL DEPENDENCY OUTPATIENT AND INPATIENT PROGRAMS IN THE COMMUNITY AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $25,000 Revenue: $0

TO PROVIDE TRAVEL AND TRAINING FOR RIVERVIEW RECOVERY CENTER COUNSELORS IN THE TREATMENT OF CLIENTS. ASSISTING WITH EDUCATION AND LICENSURE. IN SEPTEMBER THEY ASSIST WITH COSTS TO COVER...

TO PROVIDE TRAVEL AND TRAINING FOR RIVERVIEW RECOVERY CENTER COUNSELORS IN THE TREATMENT OF CLIENTS. ASSISTING WITH EDUCATION AND LICENSURE. IN SEPTEMBER THEY ASSIST WITH COSTS TO COVER SPEAKERS/EVENT ACTIVITIES FOR RECOVERY MONTH WITHIN THE COMMUNITY IT SERVES.

Program 2

Expenses: $23,927 Revenue: $0

TO PROVIDE FINANCIAL ASSISTANCE FOR THE CHEMICALLY DEPENDENT PATIENT TO COMPLETE CHEMICAL DEPENDENCY TREATMENT. 93 PATIENTS RECEIVED ASSISTANCE AND THE RECOVERY CENTER HELD EVENTS FOR CHEMICALLY...

TO PROVIDE FINANCIAL ASSISTANCE FOR THE CHEMICALLY DEPENDENT PATIENT TO COMPLETE CHEMICAL DEPENDENCY TREATMENT. 93 PATIENTS RECEIVED ASSISTANCE AND THE RECOVERY CENTER HELD EVENTS FOR CHEMICALLY DEPENDENT PATIENTS.

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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 $0

Program Service Revenue $0

Investment Income $45,190

Other Revenue $0

TOTAL REVENUE $45,190

Expense Breakdown

Grants Paid $48,927

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,927

Other Expenses $9,312

TOTAL EXPENSES $58,239

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,190	$17,553	+1.6%
Expenses	$58,239	$56,962	+0.0%
Net Income	$-13,049	$-39,409	-0.7%

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
PAUL BIERMAIER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ANDY LARSON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DON RASICOT	TREASURER	0.10	Officer Director	$0	$0	$0
TANNER HOLTEN	SECRETARY	1.00	Officer Director	$0	$0	$0
KELSEY HELGESON	DIRECTOR	0.10	Director	$0	$0	$0
JODI RAMBERG	DIRECTOR	0.10	Director	$0	$0	$0
RANDY BERGQUIST	DIRECTOR	0.10	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	$45,190	$58,239	$854,629	$-13,049
2023	$17,553	$56,962	$744,280	$-39,409
2022	$70,228	$50,312	$708,947	$19,916
2021	$41,541	$39,849	$939,488	$1,692
2020	$49,680	$101,294	$775,419	$-51,614
2019	$92,069	$50,169	$829,796	$41,900
2018	$64,715	$57,900	$834,874	$6,815