THE GLADNEY FUND (EIN 752414153) - Form 990 Financial Analysis & Trantor Score

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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

DAVID K MAXWELL

Phone

8179225945

Tax Period

2023-09-01 to 2024-08-31

THE GLADNEY FUND, founded in 1992, is a micro nonprofit that reported $46K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $612K exceeded revenue, resulting in a 1241% operating deficit.

Mission

THE GLADNEY FUND EXISTS TO HELP FUND BRIGHT FUTURES THROUGH ADOPTION. THE VOLUNTEER BOARD PROVIDES FINANCIAL AND ENDOWMENT MANAGEMENT SUPPORT SERVICES FOR THE GLADNEY CENTER FOR ADOPTION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $45,602

Other Revenue $0

TOTAL REVENUE $45,602

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $346

Fundraising Expenses $0

Program Expenses $611,501

Other Expenses $111,155

TOTAL EXPENSES $611,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,602	$6,650,371	-1.0%
Expenses	$611,501	$1,959,152	-0.7%
Net Income	$-565,899	$4,691,219	-1.1%

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

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
DAN CONNALLY	CHAIR	2.00	Officer Director	$0	$0	$0
ANDREW ALEXANDER	SECRETARY	2.00	Officer Director	$0	$0	$0
KEVIN MCCARTHY	TREASURER	2.00	Officer Director	$0	$0	$0
RACHEL FIRSCHEIN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN COCHRAN	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN MARESCO	DIRECTOR	2.00	Director	$0	$0	$0
COLLIN MCBURNETTE	DIRECTOR	2.00	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
2024	$45,602	$611,501	$34,181,091	$-565,899
2023	$6,650,371	$1,959,152	$30,297,282	$4,691,219
2022	$1,858,104	$2,279,283	$23,892,687	$-421,179
2021	$2,368,099	$1,696,977	$29,798,123	$671,122
2020	$1,149,728	$1,162,643	$26,333,088	$-12,915
2019	$1,318,341	$2,135,062	$24,832,072	$-816,721
2018	$1,185,033	$1,951,011	$26,976,918	$-765,978

THE GLADNEY FUND