THE GLENRIDGE ON PALMER RANCH INC

EIN: 593472733 501(c)(3)

SARASOTA, FL

Total Revenue
$45,107,420
Total Expenses
$47,997,843
Total Assets
$226,864,644
Net Assets
$-96,732,700
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
FL
Principal Officer
JONATHAN A CORBIN
Phone
9415525300
Tax Period
2023-01-01 to 2023-12-31

THE GLENRIDGE ON PALMER RANCH INC, founded in 1997, is a mid-sized nonprofit that reported $45.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE GLENRIDGE SUPPORTS ITS MEMBERS AND CREATES AN ACTIVE, CARING COMMUNITY BY PROVIDING A CONTINUUM OF QUALITY LIFESTYLE PROGRAMS, HEALTH CARE PROGRAMS, AND OUTSTANDING ENRICHMENT OPPORTUNITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $581,623
Program Service Revenue $44,080,176
Investment Income $445,621
Other Revenue $0
TOTAL REVENUE $45,107,420

Expense Breakdown

Grants Paid $172,969
Salaries & Benefits $18,494,143
Fundraising Expenses $99,334
Program Expenses $41,095,925
Other Expenses $29,330,731
TOTAL EXPENSES $47,997,843

Year-over-Year Comparison

2023 2022 Change
Revenue $45,107,420 $41,521,448 +0.1%
Expenses $47,997,843 $42,433,064 +0.1%
Net Income $-2,890,423 $-911,616 +2.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
494
Volunteers
8

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BIRGE VICE-CHAIR 1.00
Officer Director
$0 $0 $0
LEE HINKLE CHAIRMAN 1.00
Officer Director
$0 $0 $0
CHARLES FAIST TREASURER 1.00
Officer Director
$0 $0 $0
DAVID C MORELAND BOARD MEMBER 1.00
Director
$0 $0 $0
JUDSON BOEDECKER SECRETARY 1.00
Officer Director
$0 $0 $0
REV SONNY MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
DANA HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK FAIRMAN BOARD MEMBER 1.00
Director
$0 $0 $0
REGINA M OSBORN LIFE PLAN CONSULTANT 40.00
Highest
$482,955 $0 $482,955
LISA ANN EVANS LIFE PLANNING CONSULTANT 40.00
Highest
$273,375 $0 $273,375
JENNIFER BRUNEMAN LIFE PLAN CONSULTANT 40.00
Highest
$144,592 $0 $144,592
STACEY MONTERO LIFE PLAN CONSULTANT 40.00
Highest
$124,041 $0 $124,041
JOHN FROST DIRECTOR OF LIFE PLANNING 40.00
Highest
$120,459 $0 $120,459
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 $45,107,420 $47,997,843 $226,864,644 $-2,890,423
2022 $41,521,448 $42,433,064 $213,044,457 $-911,616
2021 $37,245,180 $39,640,306 $194,012,729 $-2,395,126
2020 $38,732,269 $39,899,774 $162,895,192 $-1,167,505
2019 $36,908,346 $37,884,194 $159,419,601 $-975,848
2018 $35,947,162 $35,899,475 $136,818,045 $47,687
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