GLENAIRE INC (EIN 561739542) - 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

1991

Legal Domicile

Principal Officer

TIMOTHY J WEBSTER

Phone

3368866553

Tax Period

2023-10-01 to 2024-09-30

GLENAIRE INC, founded in 1991, is a mid-sized nonprofit in the Human Services sector that reported $51.8M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum.

Mission

THE VISION OF GLENAIRE INC IS PROVIDING A COMMUNITY OF EXCELLENCE AND INNOVATION IN A STABLE AND COMPASSIONATE ENVIRONMENT.

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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 $638,868

Program Service Revenue $49,394,271

Investment Income $1,593,794

Other Revenue $146,830

TOTAL REVENUE $51,773,763

Expense Breakdown

Grants Paid $1,760,711

Salaries & Benefits $21,016,372

Fundraising Expenses $0

Program Expenses $42,485,050

Other Expenses $27,810,606

TOTAL EXPENSES $50,587,689

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,773,763	$30,924,636	+0.7%
Expenses	$50,587,689	$29,094,084	+0.7%
Net Income	$1,186,074	$1,830,552	-0.4%

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

N/A

Volunteers

431

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

$1,051,305

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDIE WILLIFORD	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUG BROWN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN HODGES	SECRETARY	1.00	Officer Director	$0	$0	$0
BECKY KING	TREASURER	1.00	Officer Director	$0	$0	$0
DEBBIE PAPPAS	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
DAVID BOOKHOUT	BOARD MEMBER	1.00	Director	$0	$0	$0
GORDON BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
NANDINTA GARG	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE JORDAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM LITTLE	BOARD MEMBER	1.00	Director	$0	$0	$0
REGINA MCLAURIN	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM L MICKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM NICHOLS	BOARD MEMBER	1.00	Director	$0	$0	$0
CATE CHURCH-NORMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DELORES PARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN SHIVAR	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY WEBSTER	ASSISTANT SECRETARY/CEO	1.00	Officer	$0	$36,275	$667,585
JULIA HANOVER	ASSISTANT TREASURER/CFO	1.00	Officer	$0	$29,933	$383,720
BENJAMIN STEVENS	EXECUTIVE DIRECTOR	37.50	Highest	$0	$30,032	$288,359
DAVID FICKLIN	ASSOCIATE DIRECTOR	40.00	Highest	$0	$21,864	$188,961
VICKEY MASON-BURGESS	DIRECTOR OF NURSING/CLINIC	40.00	Highest	$0	$21,520	$160,338
CHRISTIAN LUKE CHILDS	DIRECTOR OF ENVIRONMENTAL	40.00	Highest	$0	$11,337	$135,637
EMILY SMITH	DIRECTOR OF MARKETING	40.00	Highest	$0	$22,941	$192,280

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	$51,773,763	$50,587,689	$295,519,007	$1,186,074
2023	$30,924,636	$29,094,084	$324,324,719	$1,830,552
2022	$27,972,892	$26,366,814	$269,672,296	$1,606,078
2021	$28,625,246	$24,357,631	$216,165,561	$4,267,615
2020	$26,866,558	$23,446,653	$103,629,492	$3,419,905
2019	$26,277,189	$22,316,973	$91,401,041	$3,960,216
2018	$26,099,326	$21,213,018	$89,440,088	$4,886,308

GLENAIRE INC