GLEN HAVEN ASSOCIATION INC

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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

1923

Legal Domicile

Principal Officer

MICHAEL HIRSCH

Phone

9705861162

Tax Period

2024-08-01 to 2025-07-31

GLEN HAVEN ASSOCIATION INC, founded in 1923, is a micro nonprofit that reported $57K in total revenue in fiscal year 2024. Expenses of $73K exceeded revenue, resulting in a 27% operating deficit.

Mission

MAINTAIN ROADS, BRIDGES AND TOWN HALL IN GLEN HAVEN COLORADO

Program Service Accomplishments

Program 1

Expenses: $19,150

GRANT TO GLEN HAVEN VOLUNTEER FIRE DEPARTMENT

Program 2

Expenses: $13,007

CONSTRUCTION AND MAINTENANCE OF NEW TOWN HALL BUILDING COMPLETED IN 2018 AND PUT INTO SERVICE IN OCTOBER. BUILDING WILL SERVE APPROXIMATELY 600 PROPERTY OWNERS IN THE AREA AND NUMEROUS...

CONSTRUCTION AND MAINTENANCE OF NEW TOWN HALL BUILDING COMPLETED IN 2018 AND PUT INTO SERVICE IN OCTOBER. BUILDING WILL SERVE APPROXIMATELY 600 PROPERTY OWNERS IN THE AREA AND NUMEROUS VISITORS/TOURISTS/GUESTS. EXPENSE IS THE ALLOCATION OF DEPRECIATION FROM THE NEW BUILDING.

Program 3

Expenses: $5,286 Revenue: $3,000

REPAIR AND MAINTENANCE OF ROADS, CULVERTS, BRIDGES AND SNOWPLOWING FOR APPROXIMATELY 190 PROPERTY OWNERS AND NUMEROUS VISITORS/TOURISTS/GUESTS. ADDITIONAL WORK WAS FOR REMOVAL OF SLASH.

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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 $52,261

Program Service Revenue $0

Investment Income $3,162

Other Revenue $1,825

TOTAL REVENUE $57,248

Expense Breakdown

Grants Paid $19,150

Salaries & Benefits $3,868

Fundraising Expenses $0

Program Expenses $37,443

Other Expenses $49,714

TOTAL EXPENSES $72,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,248	$59,606	0.0%
Expenses	$72,732	$75,234	0.0%
Net Income	$-15,484	$-15,628	0.0%

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

N/A

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
MICHAEL TAVEL	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE BROWN	VICE PRESIDENT	0.50	Director	$0	$0	$0
JOHN BAAB	DIRECTOR	0.50	Director	$0	$0	$0
KENT WYATT	SECRETARY	0.50	Director	$0	$0	$0
RICH WEAVER	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL HIRSCH	PRESIDENT	1.00	Officer	$0	$0	$0
AIDEN LONDON	TREASURER	0.50	Officer	$0	$0	$0
JOAN VANHORN	BOOKKEEPER	1.00	Key Emp	$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	$57,248	$72,732	$631,650	$-15,484
2024	$59,606	$75,234	$647,134	$-15,628
2023	$61,876	$67,993	$662,959	$-6,117
2022	$47,564	$53,471	$668,880	$-5,907
2021	$58,700	$49,731	$674,787	$8,969
2020	$57,301	$55,198	$665,818	$2,103
2019	$99,976	$49,891	$663,715	$50,085