GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GRAND RAPIDS PUBLIC MUSEUM, founded in 2006, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $19.8M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.4M, a strong 47% operating margin.
THE GRPM EXISTS TO BE A LIVING MONUMENT OF ARTIFACTS, IDEAS AND STORIES TOLD THROUGH EXHIBITIONS, EVENTS, AND EDUCATIONAL PROGRAMMING DESIGNED TO INSPIRE, MOTIVATE AND CELEBRATE OUR HUMAN BOND. WE ENRICH THE LIVES OF OUR COMMUNITY THROUGH EXPERIENCES OF THE WIDER WORLD IN A UNIQUELY GRAND RAPIDS CONTEXT. OUR VISION IS TO INSPIRE PASSIONATE CURIOSITY AND A DEEPER UNDERSTANDING OF THE WORLD AROUND US.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $19,808,927 | $11,379,181 | +0.7% |
| Expenses | $10,455,457 | $10,324,415 | +0.0% |
| Net Income | $9,353,470 | $1,054,766 | +7.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARLIN FEYEN | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICH NOREEN | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES HAVEMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR JESSE BERNAL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LYMAN S PARKS JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DALE ROBERTSON | PRESIDENT/CEO | 40.00 |
Officer
|
$232,469 | $15,330 | $247,799 |
| KAREN WILBURN | CFO & VP OF ADMINISTRATION | 40.00 |
Officer
|
$124,492 | $329 | $124,821 |
| MARI BETH JOHNSON-JELKS | VP OF HUMAN RESOURCES | 40.00 |
Highest
|
$116,499 | $6,438 | $122,937 |
| STEPHANIE OGREN | VP OF SCIENCE & EDUCATION | 40.00 |
Highest
|
$100,454 | $6,438 | $106,892 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $19,808,927 | $10,455,457 | $33,953,910 | $9,353,470 |
| 2024 | $11,379,181 | $10,324,415 | $27,113,284 | $1,054,766 |
| 2023 | $20,611,936 | $9,307,834 | $23,162,635 | $11,304,102 |
| 2022 | $10,500,856 | $9,057,920 | $11,773,434 | $1,442,936 |
| 2021 | $8,206,945 | $7,461,944 | $9,797,722 | $745,001 |
| 2020 | $8,666,843 | $7,580,036 | $9,209,769 | $1,086,807 |
| 2019 | $8,503,439 | $7,804,920 | $8,061,741 | $698,519 |
| 2018 | $8,397,843 | $7,383,134 | $7,517,488 | $1,014,709 |
Compare GRAND RAPIDS PUBLIC MUSEUM with other nonprofits in Michigan and across the country.