THE GLASS-GLEN BURNIE FOUNDATION

EIN: 731267576 501(c)(3)

SAN ANTONIO, TX

Total Revenue
$7,181,916
Total Expenses
$4,976,630
Total Assets
$51,566,185
Net Assets
$51,566,185
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
TX
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 RESTORATION, MAINTENANCE, AND SUPPORT OF HISTORIC PROPERTIES ACQUIRED 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.

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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 (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

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Governance

Voting Members
6
Independent Members
N/A
Employees
1
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
4
$452,000
Total Directors
6
$592,200
Key Employees
0
$0
Highest Compensated
0
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
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