FOSTORIA GLASS SOCIETY OF AMERICA INC (EIN 550638372) - 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

1987

Legal Domicile

Phone

9316484447

Tax Period

2023-01-01 to 2023-12-31

FOSTORIA GLASS SOCIETY OF AMERICA INC, founded in 1987, is a micro nonprofit in the Education sector that reported $50K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $55K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PRESERVE THE HISTORY OF AMERICAN MADE FOSTORIA GLASS.

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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 $25,623

Program Service Revenue $8,150

Investment Income $1,037

Other Revenue $15,090

TOTAL REVENUE $49,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,323

Fundraising Expenses $0

Program Expenses $52,801

Other Expenses $40,131

TOTAL EXPENSES $55,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,900	$75,123	-0.3%
Expenses	$55,454	$59,752	-0.1%
Net Income	$-5,554	$15,371	-1.4%

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

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
JIM DAVIS	President	10.00	Director	$0	$0	$0
SHARON DAVIS	Treasurer	15.00	Director	$0	$0	$0
BOB SPERWO	Vice President	5.00	Director	$0	$0	$0
THOMAS KORMOS	Secretary	10.00	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
2024	No data	No data	No data	No data
2023	$49,900	$55,454	$674,095	$-5,554
2022	$75,123	$59,752	$675,066	$15,371
2021	$47,553	$38,203	$653,694	$9,350
2020	$59,631	$35,851	$625,365	$23,780
2019	$45,861	$51,214	$596,090	$-5,353
2018	$62,278	$37,278	$600,020	$25,000

FOSTORIA GLASS SOCIETY OF AMERICA INC