THE GILLESPIE CENTER (EIN 411617933) - 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

1988

Legal Domicile

Principal Officer

KAREN DELORENZO

Phone

9524726501

Tax Period

2023-01-01 to 2023-12-31

THE GILLESPIE CENTER, founded in 1988, is a small nonprofit in the Human Services sector that reported $239K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $299K exceeded revenue, resulting in a 25% operating deficit.

Mission

PROVIDE SERVICES TO THE SENIOR COMMUNITY IN THE WESTONKA AREA.

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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 $124,122

Program Service Revenue $2,227

Investment Income $44,867

Other Revenue $67,402

TOTAL REVENUE $238,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $241,352

Other Expenses $299,351

TOTAL EXPENSES $299,351

Year-over-Year Comparison

	2023	2022	Change
Revenue	$238,618	$257,636	-0.1%
Expenses	$299,351	$290,389	+0.0%
Net Income	$-60,733	$-32,753	+0.9%

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

Employees

N/A

Volunteers

400

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
KAREN DELORENZO	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOY GRUNDEEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LINDA BLAKSTVEDT	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE SEEMAN	TREASURER	2.00	Officer Director	$0	$0	$0
WENDY GASCA	DIRECTOR	1.00	Director	$0	$0	$0
SHERRIE PUGH	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA LACY	DIRECTOR	1.00	Director	$0	$0	$0
CINDY PALM	DIRECTOR	1.00	Director	$0	$0	$0
BETTY CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN HENDRICKS	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA NELSON	DIRECTOR	1.00	Director	$0	$0	$0
VICKI INNES	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	$238,618	$299,351	$4,392,140	$-60,733
2022	$257,636	$290,389	$4,315,622	$-32,753
2021	$282,940	$261,727	$4,753,782	$21,213
2020	$295,867	$237,836	$4,446,923	$58,031
2019	$177,147	$246,206	$4,247,305	$-69,059
2018	$231,911	$244,115	$4,039,095	$-12,204

THE GILLESPIE CENTER