GREENVILLE TOWER RETIREES VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION

EIN: 205597632 Mutual Benefit

LAKEVIEW, MI

Total Revenue
$160,353
Total Expenses
$318,563
Total Assets
$713,497
Net Assets
$713,497
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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
2006
Legal Domicile
MI
Principal Officer
RICHARD PARKER
Phone
9893527739
Tax Period
2025-01-01 to 2025-12-31

GREENVILLE TOWER RETIREES VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION, founded in 2006, is a small nonprofit in the Mutual Benefit sector that reported $160K in total revenue in fiscal year 2025. Expenses of $319K exceeded revenue, resulting in a 99% operating deficit.

Mission

PROVISION OF RETIREE HEALTH INSURANCE SUBSIDY BENEFITS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $160,353
Investment Income $0
Other Revenue $0
TOTAL REVENUE $160,353

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $318,563
Other Expenses $7,010
TOTAL EXPENSES $318,563

Year-over-Year Comparison

2025 2024 Change
Revenue $160,353 $156,187 +0.0%
Expenses $318,563 $317,599 +0.0%
Net Income $-158,210 $-161,412 0.0%
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
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD PARKER TRUSTEE 1.00
Director
$0 $0 $0
ROBERT HUEY TRUSTEE 1.00
Director
$0 $0 $0
ROBERT JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
LARRY THERKILDSEN TRUSTEE 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
2025 $160,353 $318,563 $713,497 $-158,210
2024 $156,187 $317,599 $865,936 $-161,412
2023 $149,804 $328,484 $1,016,273 $-178,680
2022 $132,429 $344,714 $1,182,668 $-212,285
2021 $110,371 $350,878 $1,401,166 $-240,507
2020 $97,601 $392,029 $1,647,197 $-294,428
2019 $87,148 $430,898 $1,928,018 $-343,750
2018 $92,482 $469,422 $2,198,919 $-376,940
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