Glenelg Country School Inc (EIN 520674564) - 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

1954

Legal Domicile

Principal Officer

Matthew Walsh

Phone

4105317321

Tax Period

2024-07-01 to 2025-06-30

Glenelg Country School Inc, founded in 1954, is a mid-sized nonprofit in the Education sector that reported $30.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $28.9M left a modest 6% surplus.

Mission

To cultivate a diverse community of learners who discover, contribute, thrive, and excel.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,518,864

Program Service Revenue $28,402,478

Investment Income $665,478

Other Revenue $200,540

TOTAL REVENUE $30,787,360

Expense Breakdown

Grants Paid $6,224,885

Salaries & Benefits $15,778,048

Fundraising Expenses $571,981

Program Expenses $23,499,412

Other Expenses $6,945,383

TOTAL EXPENSES $28,948,316

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,787,360	$28,268,625	+0.1%
Expenses	$28,948,316	$27,525,623	+0.1%
Net Income	$1,839,044	$743,002	+1.5%

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

368

Volunteers

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

$732,743

Total Directors

Key Employees

$186,216

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bradley Smith	Chair	2.25	Officer Director	$0	$0	$0
Alison Cera	Vice-Chair	2.25	Officer Director	$0	$0	$0
Angela Quigley	Secretary	2.25	Officer Director	$0	$0	$0
Candida Lancaster	Treasurer	2.25	Officer Director	$0	$0	$0
Tyish Hall Brown	Trustee	1.00	Director	$0	$0	$0
Megan Bruno	Trustee	1.00	Director	$0	$0	$0
Lionel Desbordes	Trustee	1.00	Director	$0	$0	$0
Deane R Eastwood	Trustee	1.00	Director	$0	$0	$0
Navin Ghaffarian	Trustee	1.00	Director	$0	$0	$0
Shivonne Laird PhD MPH	Trustee	1.00	Director	$0	$0	$0
Luzmila Robinson	Trustee	1.00	Director	$0	$0	$0
David Rowlett	Trustee	1.00	Director	$0	$0	$0
Tarun Saini DDS	Trustee	1.00	Director	$0	$0	$0
Dr Sanaz Sakiani	Trustee	1.00	Director	$0	$0	$0
Anna Williams	Trustee	1.00	Director	$0	$0	$0
Sarah Zaheer MD	Trustee	1.00	Director	$0	$0	$0
Matt Walsh	Head of School	40.00	Officer	$373,234	$51,359	$424,593
Carol Gloyd	Controller/Interim CFO	40.00	Officer	$160,228	$6,829	$167,057
Linda Dennison	CFO (Until 7/2024)	40.00	Officer	$134,668	$6,425	$141,093
Kevin Boland Sr	Head of Middle School	40.00	Key Emp	$165,720	$20,496	$186,216
William Koffel	Associate Head of School	40.00	Highest	$147,761	$15,845	$163,606
Brandon Neblett	Head of Upper School	40.00	Highest	$133,748	$26,478	$160,226
Karen Wootton	Director of Admissions & Financial Aid	40.00	Highest	$123,199	$21,060	$144,259
John Schmidt	Director of Academic Technology	40.00	Highest	$101,122	$5,583	$106,705
Damian Garcia	Co-Director of College Counseling	40.00	Highest	$100,072	$3,598	$103,670

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	$30,787,360	$28,948,316	$39,059,948	$1,839,044
2024	No data	No data	No data	No data
2023	$26,146,554	$26,047,650	$34,970,327	$98,904
2022	$27,524,281	$24,847,671	$33,934,988	$2,676,610
2021	$22,212,303	$22,705,054	$34,425,759	$-492,751
2020	$22,398,351	$24,977,511	$33,598,793	$-2,579,160
2019	$23,220,255	$24,129,317	$34,565,401	$-909,062
2018	$22,756,752	$22,820,392	$35,749,005	$-63,640

Glenelg Country School Inc