GLENAIRE INC

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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

2024-10-01 to 2025-09-30

GLENAIRE INC, founded in 1991, is a mid-sized nonprofit in the Human Services sector that reported $59.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $51.7M left a modest 14% surplus.

Mission

THE MISSION OF GLENAIRE IS A NON-PROFIT, CHURCH RELATED COMMUNITY FOSTERING VIBRANT, QUALITY LIVING FOR SENIORS.

Program Service Accomplishments

Program 1

Expenses: $43,777,688 Revenue: $57,149,293

GLENAIRE INC, PROVIDES RESIDENTIAL, ASSISTED LIVING AND NURSING CARE FOR APPROXIMATELY 768 SENIOR ADULT RESIDENTS. SERVICES INCLUDE HOUSEKEEPING, FOOD SERVICE, MEDICAL AND OTHER SUPPORT SERVICES IN A...

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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 $456,607

Program Service Revenue $57,133,298

Investment Income $2,020,418

Other Revenue $238,358

TOTAL REVENUE $59,848,681

Expense Breakdown

Grants Paid $1,103,493

Salaries & Benefits $22,714,714

Fundraising Expenses $0

Program Expenses $43,777,688

Other Expenses $27,855,747

TOTAL EXPENSES $51,673,954

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,848,681	$51,773,763	+0.2%
Expenses	$51,673,954	$50,587,689	+0.0%
Net Income	$8,174,727	$1,186,074	+5.9%

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

375

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

$2,120,158

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI HADDOCK	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KATHRYN BILLINGS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
WILLIAM C MCILWAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM CLONTZ	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID COULTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CANTEY ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB CHANDLER	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY GATLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY GOLDSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
LEIGH ANN KLEE	BOARD MEMBER	1.00	Director	$0	$0	$0
HAROLD MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDER L MAULTSBY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID SPRINKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN ZURAW	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
TIMOTHY WEBSTER	PRESIDENT - CEO	1.00	Officer	$0	$37,207	$714,782
STEPHEN FLEMING	PRESIDENT - CEO	1.00	Officer	$0	$26,324	$560,895
JULIA HANOVER	CFO	1.00	Officer	$0	$29,147	$419,208
K ALAN TUTTEROW	CFO	1.00	Officer	$0	$15,138	$425,273
BENJAMIN STEVENS	EXECUTIVE DIRECTOR	40.00	Highest	$0	$32,241	$331,067
DAVID FICKLIN	ASSOCIATE DIRECTOR	40.00	Highest	$0	$22,978	$208,309
EMILY SMITH	DIRECTOR OF MARKETING	40.00	Highest	$0	$25,825	$232,190
VICKEY MASON-BURGESS	DIRECTOR OF NURSING/CLINIC	40.00	Highest	$0	$22,525	$186,514
CHRISTIAN LUKE CHILDS	DIRECTOR OF ENVIRONMENTAL	40.00	Highest	$0	$17,118	$174,805

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	$59,848,681	$51,673,954	$296,863,421	$8,174,727
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