The Glendale Police Foundation (EIN 956222730) - 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

1984

Legal Domicile

Principal Officer

Robert Parseghian

Phone

8185503323

Tax Period

2023-01-01 to 2023-12-31

The Glendale Police Foundation, founded in 1984, is a small nonprofit that reported $246K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $140K, a strong 57% operating margin.

Mission

TO SUPPORT THE ACTIVITIES OF THE GLENDALE POLICE DEPARTMENT.

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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 $352,702

Program Service Revenue $0

Investment Income $-2,744

Other Revenue $-103,773

TOTAL REVENUE $246,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,761

Other Expenses $106,031

TOTAL EXPENSES $106,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$246,185	$166,874	+0.5%
Expenses	$106,031	$113,832	-0.1%
Net Income	$140,154	$53,042	+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

N/A

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
Robert Parseghian	President	4.00	Director	$0	$0	$0
ALEX BAROIAN	Vice President	2.00	Director	$0	$0	$0
T C Kim	Secretary	2.00	Director	$0	$0	$0
Nassif Shammaa	Treasurer	2.00	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	No data	No data	No data	No data
2023	$246,185	$106,031	$731,392	$140,154
2022	$166,874	$113,832	$552,659	$53,042
2021	$146,248	$84,459	$566,401	$61,789
2020	$134,339	$77,400	$506,760	$56,939
2019	$109,410	$73,683	$401,690	$35,727
2018	$-88,146	$62,266	$322,695	$-150,412

The Glendale Police Foundation