GLIDE LEGACY FUND (EIN 831198943) - 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

2018

Legal Domicile

Principal Officer

CATHERINE DODD

Phone

4156373753

Tax Period

2020-07-01 to 2021-05-31

GLIDE LEGACY FUND, founded in 2018, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2020. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $14.2M exceeded revenue, resulting in a 266% operating deficit.

Mission

THE GLIDE LEGACY FUND WAS CREATED TO HELP CREATE A RADICALLY INCLUSIVE, JUST AND LOVING COMMUNITY MOBILIZED TO ALLEVIATE SUFFERING AND BREAK CYCLES OF POVERTY AND MARGINALIZATION, AND SERVE A DIVERSE CROSS-SECTION OF HOMELESS, LOW-INCOME AND MARGINALIZED POPULATIONS WITH A SUITE OF PROGRAMS, INCLUDING BUT NOT LIMITED TO, DAILY FREE MEALS, HOUSING ASSISTANCE, DOMESTIC VIOLENCE COUNSELING AND ABATEMENT, SUBSTANCE ABUSE RECOVERY, CHILDCARE, AFTERSCHOOL AND SUMMER PROGRAMS FOR K-5, A FAMILY RESOURCE CENTER, HIV/HEP-C OUTREACH AND PREVENTION, A DROP-IN LEGAL CLINIC, AND ACCESS TO PRIMARY AND MENTAL HEALTH CARE, ALL WITHIN THE MEANING OF SECTION 501(C)(3).

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,175,652

Program Service Revenue $0

Investment Income $2,704,671

Other Revenue $0

TOTAL REVENUE $3,880,323

Expense Breakdown

Grants Paid $14,087,203

Salaries & Benefits $0

Fundraising Expenses $8,430

Program Expenses $14,087,203

Other Expenses $99,158

TOTAL EXPENSES $14,186,361

Year-over-Year Comparison

	2020	2019	Change
Revenue	$3,880,323	$2,138,941	+0.8%
Expenses	$14,186,361	$2,575,744	+4.5%
Net Income	$-10,306,038	$-436,803	+22.6%

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
CATHERINE DODD	CHAIR	1.00	Officer Director	$0	$0	$0
MALCOM WALTER	SECRETARY	1.00	Officer Director	$0	$0	$0
DONALD K TAMAKI	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLES CROMPTON	DIRECTOR	1.00	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
2021	$3,880,323	$14,186,361	No data	$-10,306,038
2020	$2,138,941	$2,575,744	$11,053,435	$-436,803
2019	$12,117,984	$60,190	$12,389,845	$12,057,794

GLIDE LEGACY FUND