THE OLIVE GLEN FOUNDATION 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

1985

Legal Domicile

Principal Officer

JOAN BOUTSELIS

Phone

9164861161

Tax Period

2024-07-01 to 2025-06-30

THE OLIVE GLEN FOUNDATION INC, founded in 1985, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

RELIGIOUS TAX EXEMPT ORGANIZATION PROVIDING ASSISTED LIVING/CARE THROUGH CHRISTIAN SCIENCE HEALING.

Program Service Accomplishments

Program 1

Expenses: $1,880,104 Revenue: $2,313,323

RESIDENTIAL LIVING/NURSING FACILITY FOR INDIVIDUALS RELYING ON CHRISTIAN SCIENCE FOR HEALING, PROVIDING ALL MEALS AND PRACTITIONER CARE FOR EIGHTEEN RESIDENTS, 24 HOURS PER DAY.

Program 2

Expenses: $13,582 Revenue: $18,975

PROVIDE TEMPORARY LOW-COST HOUSING FOR CHRISTIAN SCIENCE NURSES WHO ARE RELOCATING FOR EMPLOYMENT WITH ORGANIZATION AND FOR JOURNAL LISTED C.S. NURSES ON TEMPORARY CONTRACT ASSIGNMENT WITH THE...

PROVIDE TEMPORARY LOW-COST HOUSING FOR CHRISTIAN SCIENCE NURSES WHO ARE RELOCATING FOR EMPLOYMENT WITH ORGANIZATION AND FOR JOURNAL LISTED C.S. NURSES ON TEMPORARY CONTRACT ASSIGNMENT WITH THE ORGANIATION WHEREBY THEIR SERVICES CAN BE IMMEDIATELY AVAILABLE AT THE NURSING FACILITY WHILE REDUCING FINANCIAL BURDEN & UNEXPECTED COSTS DURING THEIR ASSIGNMENTS.

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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 $546,643

Program Service Revenue $1,784,571

Investment Income $47,725

Other Revenue $1,084

TOTAL REVENUE $2,380,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,905,976

Fundraising Expenses $0

Program Expenses $1,893,686

Other Expenses $591,860

TOTAL EXPENSES $2,511,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,380,023	$2,190,794	+0.1%
Expenses	$2,511,418	$2,465,122	+0.0%
Net Income	$-131,395	$-274,328	-0.5%

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

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
CARI LAZANSKY	EXECUTIVE DIRECTOR	40.00		$100,990	$3,030	$104,020
MARGARET LAWRENCE	Director	1.00	Director	$0	$0	$0
JANICE RITTER	Director	1.00	Director	$0	$0	$0
JOAN BOURSELIS	President	2.00	Officer	$0	$0	$0
AL FARNUM	Treasurer	2.00	Officer	$0	$0	$0
HARVE KAUFMANN	Vice President	2.00	Officer	$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	$2,380,023	$2,511,418	$2,715,600	$-131,395
2024	No data	No data	No data	No data
2023	$2,209,154	$2,364,932	$3,047,669	$-155,778
2022	$2,244,917	$2,231,344	$3,076,813	$13,573
2021	$2,373,094	$2,084,639	$3,260,635	$288,455
2020	$1,818,420	$1,999,673	$2,887,016	$-181,253
2019	$1,677,111	$1,971,175	$3,051,165	$-294,064
2018	$2,336,431	$1,709,756	$3,315,015	$626,675