CAROLYN GLASOE BAILEY FOUNDATION INC (EIN 811259745) - 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

2015

Legal Domicile

Phone

8056339188

Tax Period

2023-01-01 to 2023-12-31

CAROLYN GLASOE BAILEY FOUNDATION INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $235K in total revenue in fiscal year 2023. Expenses of $304K exceeded revenue, resulting in a 29% operating deficit.

Mission

SUPPORT THE ARTS AND SCIENCES AND EDUCATE THE PUBLIC OF ITS IMPORTANCE.

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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 $244,699

Program Service Revenue $0

Investment Income $0

Other Revenue $-9,649

TOTAL REVENUE $235,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,750

Fundraising Expenses $0

Program Expenses $168,379

Other Expenses $214,870

TOTAL EXPENSES $303,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,050	$219,962	+0.1%
Expenses	$303,620	$475,805	-0.4%
Net Income	$-68,570	$-255,843	-0.7%

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

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
JOSEPH FREDERICK JANKA	EXECUTIVE DIRECTOR	40.00		$82,796	$0	$82,796
CARL STIBOLT	Treasurer	1.00	Director	$0	$0	$0
BRUCE MASON	Director	1.00	Director	$0	$0	$0
CHRISTOPHER BAILEY	Director	1.00	Director	$0	$0	$0
LAURA MCCRAY	Director	1.00	Director	$0	$0	$0
LILA GLASOE FRANCESE	President	10.00	Officer	$0	$0	$0
JON SMITH	Secretary	1.00	Officer	$0	$0	$0
ALAN POLSKY	Director	1.00	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
2024	No data	No data	No data	No data
2023	$235,050	$303,620	$5,464	$-68,570
2022	$219,962	$475,805	$37,755	$-255,843
2021	$199,758	$314,432	$283,773	$-114,674
2019	$243,653	$235,510	$56,419	$8,143
2018	$243,383	$243,855	$194,663	$-472

CAROLYN GLASOE BAILEY FOUNDATION INC