Glenwood Plaza Inc

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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

1983

Legal Domicile

Principal Officer

Marnie Gugisberg

Phone

3206345131

Tax Period

2023-10-01 to 2024-09-30

Glenwood Plaza Inc, founded in 1983, is a small nonprofit that reported $410K in total revenue in fiscal year 2023. Expenses of $363K left a modest 12% surplus.

Mission

The Glenwood Plaza Inc. exists to fulfill the call of our Lord Jesus Christ to serve others with a primary mission to enhance the quality of life of those we serve through innovative health, housing, spiritual, and social services.

Program Service Accomplishments

Program 1

Expenses: $321,515 Revenue: $410,482

Glenwood Plaza is an independent senior housing project with units rented as townhomes. The units have two bedrooms and an attached garage. There are 30 units available in duplex or triplex...

Glenwood Plaza is an independent senior housing project with units rented as townhomes. The units have two bedrooms and an attached garage. There are 30 units available in duplex or triplex configurations. The monthly fee includes lawn care, snow removal, maintenance on buildings and installed equipment, water, sewer, and garbage. If needed, home care services may be contracted privately with the client's vendor of choice. Plaza tenants are invited to participate in activities sponsored by related non-profit entities.

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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 $410,482

Investment Income $0

Other Revenue $0

TOTAL REVENUE $410,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,020

Fundraising Expenses $0

Program Expenses $321,515

Other Expenses $321,149

TOTAL EXPENSES $363,169

Year-over-Year Comparison

	2023	2022	Change
Revenue	$410,482	$385,232	+0.1%
Expenses	$363,169	$337,848	+0.1%
Net Income	$47,313	$47,384	0.0%

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
Doug Bogie	Chair	0.30	Officer Director	$0	$0	$0
Allen Dahlseng	Vice Chair	0.30	Officer Director	$0	$0	$0
Jodi McGinty until Mar 2024	Director	0.30	Director	$0	$0	$0
Laura Jergenson	Director	0.30	Director	$0	$0	$0
Tom Talle	Director	0.30	Director	$0	$0	$0
Mike Larson	Director	0.30	Director	$0	$0	$0
Sharon Braaten	Director	0.30	Director	$0	$0	$0
Sharon Isdahl	Director	0.30	Director	$0	$0	$0
Caryl Nelson	Director	0.30	Director	$0	$0	$0
Jason Garcia until Jun 2024	Executive Director	2.00	Officer	$0	$0	$0
Angie Urman until Aug 2024	Interim Administrator	2.00	Officer	$0	$0	$0
Emily Benham From Aug 2024	Executive Director	2.00	Officer	$0	$0	$0
Marnie Gugisberg	CFO	2.00	Officer	$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	$410,482	$363,169	$563,377	$47,313
2023	$385,232	$337,848	$605,460	$47,384
2022	$341,255	$275,171	$1,022,730	$66,084
2021	$342,118	$299,855	$1,083,634	$42,263
2020	$332,733	$299,475	$950,914	$33,258
2019	$303,613	$304,755	$924,039	$-1,142
2018	$281,381	$300,331	$1,219,496	$-18,950