GLEN DOHERTY MEMORIAL FOUNDATION INC

EIN: 461149168 501(c)(3) Human Services

MARBLEHEAD, MA

Total Revenue
$406,582
Total Expenses
$275,315
Total Assets
$2,745,541
Net Assets
$2,739,428
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MA
Principal Officer
KATHLEEN MARIE QUIGLEY
Phone
6174486478
Tax Period
2023-01-01 to 2023-12-31

GLEN DOHERTY MEMORIAL FOUNDATION INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $407K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $131K, a strong 32% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO THE SPECIAL OPERATIONS COMMUNITY FOR HIGHER EDUCATION OR PROFESSIONAL TRAINING/CERTIFICATION

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $402,661
Program Service Revenue $0
Investment Income $3,921
Other Revenue $0
TOTAL REVENUE $406,582

Expense Breakdown

Grants Paid $146,485
Salaries & Benefits $62,210
Fundraising Expenses $64,396
Program Expenses $171,064
Other Expenses $66,620
TOTAL EXPENSES $275,315

Year-over-Year Comparison

2023 2022 Change
Revenue $406,582 $597,615 -0.3%
Expenses $275,315 $309,009 -0.1%
Net Income $131,267 $288,606 -0.5%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
1
Volunteers
50

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
3
$10,000
Total Directors
5
$10,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHLEEN QUIGLEY PRESIDENT/DIRECTOR 1.00
Officer Director
$5,000 $0 $5,000
THOMAS DONAHUE TREASURER/DIRECTOR 1.00
Officer Director
$0 $0 $0
KRISTIN DONAHUE CLERK/DIRECTOR 1.00
Officer Director
$5,000 $0 $5,000
MICHAEL SHANNON DIRECTOR 1.00
Director
$0 $0 $0
KATHERINE WHITE 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $406,582 $275,315 $2,745,541 $131,267
2022 $597,615 $309,009 $2,259,029 $288,606
2022 $587,836 $299,230 $2,259,029 $288,606
2021 $664,712 $207,951 $2,297,557 $456,761
2021 $365,135 $207,951 $2,274,047 $157,184
2021 $365,135 $211,417 $2,274,047 $153,718
2020 $560,973 $183,537 $1,835,822 $377,436
2019 $444,489 $181,931 $1,458,385 $262,558
2018 $331,192 $358,339 $393,449 $-27,147
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