THE GLUTAMATE ASSOCIATION (EIN 581281771) - 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

1977

Legal Domicile

Principal Officer

AMY PHILPOTT

Phone

2023841840

Tax Period

2024-01-01 to 2024-12-31

THE GLUTAMATE ASSOCIATION, founded in 1977, is a small nonprofit that reported $232K in total revenue in fiscal year 2024. Expenses of $208K left a modest 10% surplus.

Mission

PERFORM RESEARCH AND DISSEMINATE INFORMATION REGARDING GLUTAMIC ACID AND ITS SALTS.

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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 $231,805

Program Service Revenue $0

Investment Income $73

Other Revenue $0

TOTAL REVENUE $231,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $208,489

TOTAL EXPENSES $208,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,878	$231,877	+0.0%
Expenses	$208,489	$218,169	0.0%
Net Income	$23,389	$13,708	+0.7%

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

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
RYAN SMITH	PRESIDENT/BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MIRELLA CRUZ	TREASURER (THRU SEPTEMBER)	1.00	Officer Director	$0	$0	$0
IKE KIM	TREASURER(FROM SEPTEMBER)/DIRECTOR	1.00	Officer Director	$0	$0	$0
AMY PHILPOTT	EXECUTIVE DIRECTOR	1.50	Officer Director	$0	$0	$0
WARREN WINDHAM	SECRETARY/DIRECTOR	1.00	Officer 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	$231,878	$208,489	$178,431	$23,389
2023	$231,877	$218,169	$157,042	$13,708
2022	$224,240	$202,402	$141,334	$21,838
2021	$239,425	$206,685	$135,395	$32,740
2020	$231,834	$213,400	$91,256	$18,434
2019	$226,827	$214,429	$76,422	$12,398
2018	$209,738	$242,032	$60,574	$-32,294

THE GLUTAMATE ASSOCIATION