THE GLASS-GLEN BURNIE FOUNDATION

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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

1986

Legal Domicile

Principal Officer

ALLAN G PATERSON

Phone

2108449637

Tax Period

2024-01-01 to 2024-12-31

THE GLASS-GLEN BURNIE FOUNDATION, founded in 1986, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 160% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 31% operating margin.

Mission

THE MISSION OF THE GLASS-GLEN BURNIE FOUNDATION (THE "FOUNDATION") IS EXCLUSIVELY CHARITABLE AND EDUCATIONAL, SPECIFICALLY TO RESTORE, MAINTAIN, AND SUPPORT THE HISTORIC PROPERTIES AND GROUNDS THAT THE FOUNDATION OWNS IN THE VICINITY OF WINCHESTER, VIRGINIA FOR EDUCATIONAL AND PUBLIC BENEFIT AND TO ENDOW A MUSEUM THAT INCLUDES 18TH AND EARLY 19TH CENTURY AMERICAN AND ENGLISH ART ALONG WITH ADDITIONS MADE TO THE COLLECTIONS. THE FOUNDATION FULFILLS ITS MISSION THROUGH THE CREATION AND CONTINUING SUPPORT OF THE GLASS-GLEN BURNIE MUSEUM, INC. (DOING BUSINESS AS THE MUSEUM OF THE SHENANDOAH VALLEY) (THE "MSV"), WHICH OPERATES A MUSEUM ON THE FOUNDATION'S WINCHESTER PROPERTY THAT PROVIDES A WIDE VARIETY OF GALLERIES, EXHIBITIONS, AND EDUCATIONAL PROGRAMS, CARES FOR THE FOUNDATION'S HISTORIC PROPERTIES AND GROUNDS, OPERATES A 90-ACRE ART PARK ON THE GROUNDS, AND PRESERVES THE LARGEST GREEN SPACE AND ONLY WORKING FARM IN THE CITY OF WINCHESTER.

Program Service Accomplishments

Program 1

Expenses: $4,301,784

THE FOUNDATION CONTINUED THE SUPPORT OF THE MUSEUM OF THE SHENANDOAH VALLEY, ITS SUPPORTED ORGANIZATION.

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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 $0

Program Service Revenue $0

Investment Income $5,935,311

Other Revenue $1,246,605

TOTAL REVENUE $7,181,916

Expense Breakdown

Grants Paid $3,804,324

Salaries & Benefits $694,467

Fundraising Expenses $0

Program Expenses $4,301,784

Other Expenses $477,839

TOTAL EXPENSES $4,976,630

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,181,916	$2,764,556	+1.6%
Expenses	$4,976,630	$5,268,743	-0.1%
Net Income	$2,205,286	$-2,504,187	-1.9%

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

N/A

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

$452,000

Total Directors

$592,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HO ROTH	CO-OPERATING TRUSTEE	20.00	Officer Director	$136,500	$0	$136,500
ALLAN G PATERSON	CO-OPERATING TRUSTEE	20.00	Officer Director	$136,500	$0	$136,500
TODD BROCKWELL	TRUSTEE, SECRETARY	10.00	Officer Director	$84,000	$0	$84,000
JOHN B ADAMS JR	TRUSTEE	10.00	Director	$84,000	$0	$84,000
GERALD F SMITH JR	TRUSTEE	10.00	Director	$84,000	$0	$84,000
EMILY BECK	TRUSTEE	10.00	Director	$67,200	$0	$67,200
JENNIFER PEACE	EXECUTIVE DIRECTOR	40.00	Officer	$95,000	$0	$95,000

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	$7,181,916	$4,976,630	$51,566,185	$2,205,286
2023	$2,764,556	$5,268,743	$49,360,899	$-2,504,187
2022	$3,581,493	$4,106,205	$57,440,868	$-524,712
2021	$7,795,930	$5,229,364	$57,955,575	$2,566,566
2020	$4,327,610	$4,613,963	$55,586,817	$-286,353
2019	$5,116,827	$6,708,820	$55,873,170	$-1,591,993
2018	$7,687,088	$6,246,523	$57,465,163	$1,440,565