GLADES DIAMOND INC (EIN 592810382) - 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

1988

Legal Domicile

Principal Officer

EDNA O MCCLENDON

Phone

5619962300

Tax Period

2019-10-01 to 2020-09-30

GLADES DIAMOND INC, founded in 1988, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2019. Revenue surged 210% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 77% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR ELDERLY AND HANDICAPPED INDIVIDUALS

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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 (2019)

Revenue Breakdown

Contributions & Grants $211,948

Program Service Revenue $7,110

Investment Income $2,227,812

Other Revenue $0

TOTAL REVENUE $2,446,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $409,096

Other Expenses $551,052

TOTAL EXPENSES $551,052

Year-over-Year Comparison

	2019	2018	Change
Revenue	$2,446,870	$788,537	+2.1%
Expenses	$551,052	$748,535	-0.3%
Net Income	$1,895,818	$40,002	+46.4%

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

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
EDNA O MCCLENDON	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAULINE LOCKETT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALMA HENRY-MORMON	SECRETARY	1.00	Officer Director	$0	$0	$0
ANTHONY JONES	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLIE LAWS	VICE TREASURER	1.00	Officer Director	$0	$0	$0
ANNIE HILL	VICE SECRETARY	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
2020	$2,446,870	$551,052	No data	$1,895,818
2019	$788,537	$748,535	$1,195,142	$40,002
2018	$760,183	$758,123	$1,291,320	$2,060

GLADES DIAMOND INC