GLEN LAKE SCHOOLS FOUNDATION

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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

2023

Legal Domicile

Principal Officer

VIRGINIA WOESSNER

Phone

2313343061

Tax Period

2024-07-01 to 2025-06-30

GLEN LAKE SCHOOLS FOUNDATION, founded in 2023, is a small nonprofit in the Education sector that reported $121K in total revenue in fiscal year 2024. Revenue fell 91% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $41K, a strong 34% operating margin.

Mission

THE GLEN LAKE SCHOOLS FOUNDATION IS DEDICATED TO REMOVING ANY BARRIERS THAT MIGHT HINDER A STUDENT'S LEARNING. WE WILL ALSO WORK TO MEET ONLY UNFILLED NEEDS THAT MIGHT ENRICH OR EXPAND THE STUDENT EXPERIENCE AT GLEN LAKE COMMUNITY SCHOOLS. WHILE THE FOUNDATION IS A SEPARATE ORGANIZATION FROM THE PUBLIC SCHOOL, WE WORK SOLELY TO SUPPORT GLEN LAKE COMMUNITY SCHOOLS. OUR VOLUNTEER BOARD IS COMPOSED OF ALUMNI, PARENTS, AND COMMUNITY MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $62,350

GRANTED SCHOLARSHIPS TO STUDENTS OF GLEN LAKE PUBLIC SCHOOLS.

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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 $45,535

Program Service Revenue $0

Investment Income $75,333

Other Revenue $0

TOTAL REVENUE $120,868

Expense Breakdown

Grants Paid $62,350

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,350

Other Expenses $17,580

TOTAL EXPENSES $79,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,868	$1,321,231	-0.9%
Expenses	$79,930	$37,277	+1.1%
Net Income	$40,938	$1,283,954	-1.0%

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

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
VIRGINIA WOESSNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
RON CALSBEEK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE MEREDITH	TREASURER	1.00	Officer Director	$0	$0	$0
HOLLY REAY	SECRETARY	1.00	Officer Director	$0	$0	$0
PAT HANNIFORD	DIRECTOR	1.00	Director	$0	$0	$0
GENEVIEVE THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN FOSMORE	DIRECTOR	1.00	Director	$0	$0	$0
TRACY WITTKOPP	DIRECTOR	1.00	Director	$0	$0	$0
RICK SCHANHALS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA IHME	DIRECTOR	1.00	Director	$0	$0	$0
PAM HOUTTEMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIE RANDOLPH	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
2025	$120,868	$79,930	$1,419,981	$40,938
2024	$1,321,231	$37,277	$1,337,351	$1,283,954