GLACIAL LAKES MULTICULTURAL CENTER… - Form 990 Financial Data

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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

2019

Legal Domicile

Phone

6058782021

Tax Period

2024-01-01 to 2024-12-31

GLACIAL LAKES MULTICULTURAL CENTER INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $183K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 28% operating margin.

Mission

ASSIST IMMIGRANTS TO INTEGRATE INTO THEIR COMMUNITIES BY TEACHING ENGLISH, PROVIDING ASSISTANCE WITH IMMIGRATION ISSUES, INTERPRETATIONS & TRANSLATIONS, CITIZENSHIP CLASSES, GENERAL ASSISTANCE WITH SCHOOL REGISTRATION, APPLICATIONS FOR HOUSING OR EMPLOYMENT AND VARIOUS OTHER WAYS

Program Service Accomplishments

Program 1

Expenses: $95,225

PROVIDING ASSISTANCE WITH IMMIGRATION ISSUES SUCH AS DACA OR GREEN CARD RENEWALS, HELPING WITH GENERAL IMMIGRATION QUESTIONS, OR REFERRING CLIENTS TO AN IMMIGRATION ATTORNEY. INTERPRETATIONS OR...

PROVIDING ASSISTANCE WITH IMMIGRATION ISSUES SUCH AS DACA OR GREEN CARD RENEWALS, HELPING WITH GENERAL IMMIGRATION QUESTIONS, OR REFERRING CLIENTS TO AN IMMIGRATION ATTORNEY. INTERPRETATIONS OR TRANSLATION TO CONTACT MEDICAL, DENTAL OR OTHER PROFESSIONAL OFFICES TO MAKE APPOINTMENTS OR TO CONVEY INFORMATION FROM THE MEDICAL PROVIDER TO THE PATIENT, ASSISTING CLIENTS WITH APPLICATIONS - HOUSING, EMPLOYMENT ETC. HELPING TO REGISTER CHILDREN IN SCHOOL OR INTERPRETING FOR PARENT-TEACHER CONFERENCES. PROVIDING ASSISTANCE IN MANY VARIOUS OTHER INSTANCES.

Program 2

Expenses: $188

PROVIDING EMERGENCY ASSISTANCE TO INDIVIDUALS OR FAMILIES WHO NEED IT. ASSISTANCE INCLUDES HOUSING AND UTILITY ASSISTANCE WHEN INDIVIDUALS WERE SICK OR UNABLE TO WORK, ASSIST WITH PHONE MINUTES TO...

PROVIDING EMERGENCY ASSISTANCE TO INDIVIDUALS OR FAMILIES WHO NEED IT. ASSISTANCE INCLUDES HOUSING AND UTILITY ASSISTANCE WHEN INDIVIDUALS WERE SICK OR UNABLE TO WORK, ASSIST WITH PHONE MINUTES TO CONTACT DOCTOR OUT OF TOWN, PAY HOSPITAL BILLS, HELP WITH IMMIGRATION FEES AND VEHICLE EXPENSES.

Program 3

Expenses: $65

PROVIDING ENGLISH AS A SECOND LANGUAGE TO IMMIGRANTS. EXPENSES INCLUDE WAGES FOR TEACHERS WHEN VOLUNTEERS ARE NOT AVAILABLE, BOOK COSTS IF STUDENTS ARE UNABLE TO PAY. ALSO PROVIDE CITIZENSHIP...

PROVIDING ENGLISH AS A SECOND LANGUAGE TO IMMIGRANTS. EXPENSES INCLUDE WAGES FOR TEACHERS WHEN VOLUNTEERS ARE NOT AVAILABLE, BOOK COSTS IF STUDENTS ARE UNABLE TO PAY. ALSO PROVIDE CITIZENSHIP CLASSES, WORKFORCE TRAINING AND SPANISH CLASSES AT DIFFERENT TIMES THROUGHOUT THE YEAR.

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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 $172,154

Program Service Revenue $10,644

Investment Income $8

Other Revenue $0

TOTAL REVENUE $182,806

Expense Breakdown

Grants Paid $188

Salaries & Benefits $103,659

Fundraising Expenses $2,886

Program Expenses $95,478

Other Expenses $28,550

TOTAL EXPENSES $132,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$182,806	$139,475	+0.3%
Expenses	$132,397	$163,684	-0.2%
Net Income	$50,409	$-24,209	-3.1%

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

Volunteers

150

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

$1,020

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA NEI	DIRECTOR	1.00	Director	$1,020	$0	$1,020
SARAH CARON	SECRETARY	2.00	Director	$0	$0	$0
LUKE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE FORD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
JOSE FIGUEROA	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD THOMAS	PRESIDENT	10.00	Officer Director	$0	$0	$0
RANDY HOWEY	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
MIKE MAROTZ	TREASURER	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
2024	$182,806	$132,397	$42,545	$50,409
2023	$139,475	$163,684	$6,587	$-24,209
2022	$57,792	$136,326	$8,489	$-78,534
2022	$102,092	$180,951	$21,730	$-78,859
2021	$118,527	$101,127	$103,038	$17,400
2020	$112,042	$71,304	$93,607	$40,738

GLACIAL LAKES MULTICULTURAL CENTER INC