GLOW WILMINGTON INC (EIN 831259428) - 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

JOANNE ROCKNESS

Phone

9193385258

Tax Period

2024-07-01 to 2025-06-30

GLOW WILMINGTON INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $974K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE FACILITIES TO THE GIRLS LEADERSHIP ACADEMY OF WILMINGTON CHARTER SCHOOL.

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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 $414,638

Investment Income $559,206

Other Revenue $0

TOTAL REVENUE $973,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,090,951

TOTAL EXPENSES $1,090,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$973,844	$1,037,951	-0.1%
Expenses	$1,090,951	$1,292,046	-0.2%
Net Income	$-117,107	$-254,095	-0.5%

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
ANDI VAN TRIGT	CHAIR	1.00	Officer Director	$0	$0	$0
BRUCE CAMERON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOANNE ROCKNESS	TREASURER/SECRETARY	1.00	Officer 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
2025	$973,844	$1,090,951	$25,466,219	$-117,107
2024	$1,037,951	$1,292,046	$25,996,441	$-254,095
2023	$808,330	$1,056,100	$26,665,174	$-247,770
2022	$2,710,160	$669,575	$27,187,980	$2,040,585
2021	$900,806	$745,319	$15,828,475	$155,487
2020	$1,141,231	$567,288	$16,482,573	$573,943
2020	$1,141,231	$567,288	$16,482,573	$573,943
2019	$9,301,101	$92,282	$21,865,432	$9,208,819

GLOW WILMINGTON INC