CITY OF GLENDALE MUNICIPAL PROPERTY CORP (EIN 860436743) - 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

1982

Legal Domicile

Principal Officer

MARGARET GIBBONS

Phone

6239302480

Tax Period

2024-07-01 to 2025-06-30

CITY OF GLENDALE MUNICIPAL PROPERTY CORP, founded in 1982, is a mid-sized nonprofit that reported $20.5M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $25.4M exceeded revenue, resulting in a 24% operating deficit.

Mission

FINANCING MUNICIPAL PROPERTIES.

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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 $20,286,289

Program Service Revenue $0

Investment Income $165,539

Other Revenue $0

TOTAL REVENUE $20,451,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,413,738

Other Expenses $25,413,738

TOTAL EXPENSES $25,413,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,451,828	$15,751,484	+0.3%
Expenses	$25,413,738	$7,646,531	+2.3%
Net Income	$-4,961,910	$8,104,953	-1.6%

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
ROGER SCHWIERJOHN	PRESIDENT/CHAIR	1.00	Officer Director	$0	$0	$0
JULIE PYNE	VICE PRESIDENT/TREASURER	0.50	Officer Director	$0	$0	$0
MARGARET GIBBONS	SECRETARY	0.50	Officer Director	$0	$0	$0
JIM BROADNAX	DIRECTOR	0.50	Director	$0	$0	$0
KERRY COOPER	DIRECTOR	0.50	Director	$0	$0	$0
TONJA OLIVER	DIRECTOR	0.50	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	$20,451,828	$25,413,738	$71,744,434	$-4,961,910
2024	No data	No data	No data	No data
2023	$18,310,000	$13,156,000	$236,180,000	$5,154,000
2022	$19,719,000	$14,484,000	$241,439,000	$5,235,000
2021	$15,805,000	$14,854,000	$246,934,000	$951,000
2020	$18,476,000	$16,959,000	$254,254,000	$1,517,000
2019	$13,689,000	$15,955,000	$261,013,000	$-2,266,000
2018	$18,261,000	$18,097,000	$268,370,000	$164,000

CITY OF GLENDALE MUNICIPAL PROPERTY CORP