GLEN LAKE PARENT-TEACHER ORGANIZATION (EIN 411983901) - 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

1976

Legal Domicile

Principal Officer

ERIC LOVESTRAND

Phone

9529885200

Tax Period

2022-07-01 to 2023-06-30

GLEN LAKE PARENT-TEACHER ORGANIZATION, founded in 1976, is a small nonprofit in the Education sector that reported $775K in total revenue in fiscal year 2022. Revenue surged 1282% from the prior year, signaling strong growth momentum. The organization ran a surplus of $694K, a strong 90% operating margin.

Mission

THE GLEN LAKE PARENT-TEACHER ORGANIZATION SUPPORTS STUDENTS AT GLEN LAKE ELEMENTARY WITH WELL-BEING AT HOME, SCHOOL AND IN THE COMMUNITY.

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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 $711,900

Program Service Revenue $0

Investment Income $233

Other Revenue $62,481

TOTAL REVENUE $774,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,004

Other Expenses $80,614

TOTAL EXPENSES $80,614

Year-over-Year Comparison

	2022	2021	Change
Revenue	$774,614	$56,031	+12.8%
Expenses	$80,614	$47,895	+0.7%
Net Income	$694,000	$8,136	+84.3%

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

100

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
ERIC LOVESTRAND	PRESIDENT	2.00	Officer Director	$0	$0	$0
AUDREY LEICHER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
RACHEL KLICK	AUDITOR	2.00	Officer Director	$0	$0	$0
KELLY KNEWTSON	SECRETARY	2.00	Officer Director	$0	$0	$0
SARA LAZORIK	TREASURER	2.00	Officer Director	$0	$0	$0
JESSIE JACOBSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ARIN OLSON	BOARD MEMBER	2.00	Director	$0	$0	$0
BECK WOLF	BOARD MEMBER	2.00	Director	$0	$0	$0
DANI HOFFMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
EMILY RUDOLPH	BOARD MEMBER	2.00	Director	$0	$0	$0
FREDERIQUE LE BLANC	BOARD MEMBER	2.00	Director	$0	$0	$0
KATIE ANDERSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
KRISTY TARAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSICA GILBERSTON	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$774,614	$80,614	$754,171	$694,000

GLEN LAKE PARENT-TEACHER ORGANIZATION