GLENDALE EDUCATIONAL 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

1981

Legal Domicile

Phone

8182470466

Tax Period

2023-08-01 to 2024-07-31

GLENDALE EDUCATIONAL FOUNDATION, founded in 1981, is a small nonprofit that reported $135K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $189K exceeded revenue, resulting in a 40% operating deficit.

Mission

THE GLENDALE EDUCATIONAL FOUNDATION IS COMMITTED TO GENERATING FUNDS TO ENRICH AND ENHANCE THE PROGRAMS AND PROJECTS OF THE GLENDALE UNIFIED SCHOOL DISTRICT FOR A HEALTHY AND QUALITY LEARNING ENVIRONMENT TO BENEFIT STUDENTS, STAFF, PARENTS AND THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $38,703

PROVIDING FUNDS TO ASSIST THE GLENDALE UNIFIED SCHOOL DISTRICT IN DEVELOPING THEIR VISUAL AND PERFORMING ARTS PROGRAM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $137,459

Program Service Revenue $0

Investment Income $8,809

Other Revenue $-11,454

TOTAL REVENUE $134,814

Expense Breakdown

Grants Paid $4,234

Salaries & Benefits $111,435

Fundraising Expenses $0

Program Expenses $38,703

Other Expenses $73,138

TOTAL EXPENSES $188,807

Year-over-Year Comparison

	2023	2022	Change
Revenue	$134,814	$244,389	-0.4%
Expenses	$188,807	$181,225	+0.0%
Net Income	$-53,993	$63,164	-1.9%

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

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
Georgette Green	Treasurer	1.00	Officer Director	$0	$0	$0
ROBERT GORDON	President	1.00	Officer Director	$0	$0	$0
George Dulgeryan	Member	1.00	Director	$0	$0	$0
Jennifer Freeman	Member	1.00	Director	$0	$0	$0
Corrie Siegal	Impact Eval	1.00	Director	$0	$0	$0
Alwyn Lees	Member	1.00	Director	$0	$0	$0
Lerna Amiryans	member	1.00	Director	$0	$0	$0
Maria Sahakian	Creative Chair	1.00	Officer Director	$0	$0	$0
John Maghaguian	Vice President	1.00	Officer Director	$0	$0	$0
Jim Zolnowski	member	1.00	Director	$0	$0	$0
DEBBIE BLUTE	Member	1.00	Director	$0	$0	$0
Jennifer Berry	member	1.00	Director	$0	$0	$0
Yuliya Pobereyko	Secretary	1.00	Officer Director	$0	$0	$0
Manuel Magpapian	Member	1.00	Director	$0	$0	$0
Alex Parajon	Community Relat	1.00	Officer Director	$0	$0	$0
Yvette Davis	Member	0.00	Director	$0	$0	$0
Vrejh Hovespian	Member	0.00	Director	$0	$0	$0
Kristin Levy	Member	0.00	Director	$0	$0	$0
Ron Scott	Member	0.00	Director	$0	$0	$0
Hala Shonouda	Member	0.00	Director	$0	$0	$0
Robert William	Member	0.00	Director	$0	$0	$0
Dr Darneika Watson	Member	1.00	Director	$0	$0	$0
Romie Ruiz	Executive Dir.	1.00	Director	$0	$0	$0
Ingrid Gunnell	Member	1.00	Director	$0	$0	$0
Raana Hasnat	Member	1.00	Director	$0	$0	$0
SONA TATIYANTS	Member	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
2024	$134,814	$188,807	$571,792	$-53,993
2023	$244,389	$181,225	$606,636	$63,164
2023	$254,667	$181,236	$692,097	$73,431
2022	$275,135	$141,543	$618,658	$133,592
2022	$275,135	$141,543	$618,658	$133,592
2021	$250,108	$220,241	$626,017	$29,867
2020	$281,933	$267,522	$561,525	$14,411
2019	$294,340	$273,109	$455,552	$21,231
2018	$287,715	$267,926	$420,959	$19,789