GLASGOW INDEPENDENT SCHOOL EDUCATI… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

GAIL KATCHAK

Phone

2706518773

Tax Period

2024-07-01 to 2025-06-30

GLASGOW INDEPENDENT SCHOOL EDUCATION FOUNDATION INC, founded in 1992, is a micro nonprofit in the Education sector that reported $13K in total revenue in fiscal year 2024. Expenses of $68K exceeded revenue, resulting in a 437% operating deficit.

Mission

ORGANIZED TO PROVIDE EDUCATIONAL OPPORTUNITIES AND ENRICHMENTS WHICH ARE CONSISTENT WITH THE EDUCATIONAL OBJECTIVES AS SET FORTH BY THE GLASGOW BOARD OF EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $68,200

PROVIDE EDUCATIONAL OPPORTUNITIES AND ENRICHMENTS WHICH ARE CONSISTENT WITH THE EDUCATIONAL OBJECTIVES AS SET FORTH BY THE GLASGOW BOARD OF EDUCATION.

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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 $4,446

Program Service Revenue $0

Investment Income $8,263

Other Revenue $0

TOTAL REVENUE $12,709

Expense Breakdown

Grants Paid $68,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,200

Other Expenses $0

TOTAL EXPENSES $68,200

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,709	N/A	N/A
Expenses	$68,200	N/A	N/A
Net Income	$-55,491	$0	N/A

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
JUDY TARTER	VICE PRESIDENT	1.00	Director	$0	$0	$0
GAIL KATCHAK	PRESIDENT	1.00	Director	$0	$0	$0
TAMMY BROCK	SECRETARY	1.00	Director	$0	$0	$0
BRYAN BAYSINGER	TREASURER	1.00	Director	$0	$0	$0
HENRY ROYSE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
AMY CASSADY	DIRECTOR	1.00	Director	$0	$0	$0
LEIGH BOTTS	DIRECTOR	1.00	Director	$0	$0	$0
JERRY REAM	DIRECTOR	1.00	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
2025	$12,709	$68,200	$541,805	$-55,491
2024	$27,844	$99,750	$572,013	$-71,906
2023	$114,683	$94,345	$643,919	$20,338
2022	$257,168	$77,615	$623,581	$179,553

GLASGOW INDEPENDENT SCHOOL EDUCATION FOUNDATION INC