GLENDALOUGH STATE PARK ADVISORY COMMITTEE (EIN 411875129) - 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

1997

Legal Domicile

Principal Officer

PETER CHRISTIANSON

Phone

7012384418

Tax Period

2022-01-01 to 2022-12-31

GLENDALOUGH STATE PARK ADVISORY COMMITTEE, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $314K in total revenue in fiscal year 2022. Revenue surged 519% from the prior year, signaling strong growth momentum. Expenses of $558K exceeded revenue, resulting in a 78% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS ADVISORY AND FUNDRAISING COMMITTEES FOR GLENDALOUGH STATE PARK, PROVIDING EDUCATIONAL PROJECTS, IMPROVEMENTS, AND AMENITIES TO BENEFIT ALL WHO USE GLENDALOUGH STATE PARK. IN 2022 WE PROVIDED ($550,000) INITIAL FUNDING TO THE MN DNR FOR THE CONSTRUCTION OF A TRAIL CENTER IN GLENDALOUGH STATE PARK. THE FACILITY WILL BE USED FOR EDUCATIONAL AND INFORMATIVE PURPOSES AND WILL BENEFIT ALL THOSE WHO USE GLENDALOUGH STATE PARK. IN ADDITION VISTOR BENCHES WERE PURCHASED TO BE USED IN THE PARK.

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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 (2022)

Revenue Breakdown

Contributions & Grants $298,606

Program Service Revenue $0

Investment Income $399

Other Revenue $15,303

TOTAL REVENUE $314,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $550,318

Other Expenses $558,089

TOTAL EXPENSES $558,089

Year-over-Year Comparison

	2022	2021	Change
Revenue	$314,308	$50,817	+5.2%
Expenses	$558,089	$6,761	+81.5%
Net Income	$-243,781	$44,056	-6.5%

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

N/A

Volunteers

N/A

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
STEVE NELSON	President	2.00	Officer Director	$0	$0	$0
DAN MALMSTROM	Vice President	1.00	Officer Director	$0	$0	$0
SARAH GOVIG	Secretary	3.00	Officer Director	$0	$0	$0
PETER CHRISTIANSON	Treasurer	1.00	Officer Director	$0	$0	$0
DAN CHRISTENSEN	Director	1.00	Director	$0	$0	$0
CHRIS ESTES	Director	1.00	Director	$0	$0	$0
JAY ANDERSON	Director	1.00	Director	$0	$0	$0
JOAN VORDERBRUGGEN	Director	1.00	Director	$0	$0	$0
TRACY KORTLEVER	Director	2.00	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
2022	$314,308	$558,089	$31,137	$-243,781

GLENDALOUGH STATE PARK ADVISORY COMMITTEE