GREAT LAKES BOAT BUILDING SCHOOL

EIN: 134311296 501(c)(3) Education

CEDARVILLE, MI

Total Revenue
$4,194,329
Total Expenses
$2,127,188
Total Assets
$6,541,127
Net Assets
$3,589,972
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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
2005
Legal Domicile
MI
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.

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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%)

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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
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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

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Governance

Voting Members
16
Independent Members
15
Employees
24
Volunteers
24

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
8
$359,416
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
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
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