GLACC INC (EIN 461486059) - 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

2012

Legal Domicile

Principal Officer

JOHN MEIER V

Phone

3527872308

Tax Period

2023-01-01 to 2023-12-31

GLACC INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $212K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 46% operating margin.

Mission

TO ENHANCE THE GREATER LEESBURG COMMUNITY THROUGH EDUCATION, CULTURAL, ATHLETIC, SCIENTIFIC, AND OTHER PHILANTHROPIC CHARITABLE ENDEAVORS.

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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 $53,000

Program Service Revenue $158,834

Investment Income $16

Other Revenue $0

TOTAL REVENUE $211,850

Expense Breakdown

Grants Paid $8,773

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $112,843

Other Expenses $106,542

TOTAL EXPENSES $115,315

Year-over-Year Comparison

	2023	2022	Change
Revenue	$211,850	$162,167	+0.3%
Expenses	$115,315	$118,924	0.0%
Net Income	$96,535	$43,243	+1.2%

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
CHARLES JOHNSON	SECRETARY	5.00	Officer	$0	$0	$0
JOHN MEIER V	VICE PRESIDENT	5.00	Officer	$0	$0	$0
KIM HIGGINS	PRESIDENT	5.00	Officer	$0	$0	$0
ROGER CROFT	TREASURER	5.00	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	No data	No data	No data	No data
2023	$211,850	$115,315	$357,706	$96,535
2022	$162,167	$118,924	$263,171	$43,243
2021	$138,910	$111,106	$218,270	$27,804
2020	$117,723	$104,488	$190,304	$13,235

GLACC INC