GREAT LAKES BOAT BUILDING SCHOOL

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

BRODY WAYBRANT

Phone

9064841081

Tax Period

2024-07-01 to 2025-06-30

GREAT LAKES BOAT BUILDING SCHOOL, founded in 2005, is a community nonprofit in the Education sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 49% operating margin.

Mission

TO PREPARE STUDENTS FOR REWARDING CAREERS IN THE MARITIME INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $1,165,950 Revenue: $684,063

GREAT LAKES BOAT BUILDING SCHOOL WAS ORGANIZED IN MICHIGAN AS A NOT-FOR-PROFIT CORPORATION IN 2005. THE WORK OF THE ORGANIZATION IS TO PREPARE THE STUDENTS FOR REWARDING CAREERS IN THE MARINE...

GREAT LAKES BOAT BUILDING SCHOOL WAS ORGANIZED IN MICHIGAN AS A NOT-FOR-PROFIT CORPORATION IN 2005. THE WORK OF THE ORGANIZATION IS TO PREPARE THE STUDENTS FOR REWARDING CAREERS IN THE MARINE INDUSTRY. THE ORGANIZATION'S VISION IS TO BE THE LEADER IN MARINE WORKFORCE DEVELOPMENT IN THE GREAT LAKES REGION. THE 12-MONTH COMPREHENSIVE CAREER BOAT BUILDING PROGRAM PREPARES STUDENTS FOR EMPLOYMENT IN WOOD BOAT BUILDING, RESTORATION AND SERVICE. THE 12-MONTH MARINE SERVICE TECHNOLOGY PROGRAM PREPARES STUDENTS TO BECOME ENTRY-LEVEL MARINE TECHNICIANS AND OFFERS A PARTNERSHIP WITH MERCURY MARINE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,501,970

Program Service Revenue $677,774

Investment Income $14,661

Other Revenue $-76

TOTAL REVENUE $4,194,329

Expense Breakdown

Grants Paid $218,720

Salaries & Benefits $905,482

Fundraising Expenses $539,742

Program Expenses $1,165,950

Other Expenses $1,002,986

TOTAL EXPENSES $2,127,188

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,194,329	$1,803,351	+1.3%
Expenses	$2,127,188	$1,586,162	+0.3%
Net Income	$2,067,141	$217,189	+8.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$359,416

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY TOTONCHI	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS GUTOWSKI	TREASURER	1.00	Officer Director	$0	$0	$0
CRISTIN REID	DIRECTOR	1.00	Director	$0	$0	$0
DONALD MOORE	VICE CHAIRMAN AND SECRETARY	2.00	Officer Director	$0	$0	$0
JANET CARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA FUSCO	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH REID	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE TASSIER	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK BIRKMEIER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK SCHUSTER	INTERIM CHAIR AND TREASURER	2.00	Officer Director	$0	$0	$0
ROB ROSENSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BERNARD	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN IRISH STEWART	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MAY	DIRECTOR	1.00	Director	$0	$0	$0
TOM SLIKKERS	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
BRODY WAYBRANT	INTERIM PRESIDENT & DIRECTOR OF EDUCATION	40.00	Officer	$56,556	$0	$56,556
ELIZABETH AUTORE	DIRECTOR OF ADMINISTRATION	40.00	Officer	$55,820	$7,938	$63,758
NICOLE STOREY	PRESIDENT	40.00	Officer	$116,500	$25,356	$141,856
THOMAS COATES	DIRECTOR OF DEVELOPMENT	40.00	Officer	$94,104	$3,142	$97,246

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	$4,194,329	$2,127,188	$6,541,127	$2,067,141
2024	$1,803,351	$1,586,162	$2,784,352	$217,189
2023	$1,745,916	$1,380,329	$2,453,188	$365,587
2022	$617,151	$623,290	$1,965,616	$-6,139
2021	$1,302,715	$1,030,593	$1,956,199	$272,122
2020	$1,060,891	$802,801	$1,736,143	$258,090
2019	$480,285	$828,802	$1,347,756	$-348,517
2018	$600,862	$827,230	$1,505,565	$-226,368