GREAT LAKES BAY FOUNDATION (EIN 208146148) - 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

2007

Legal Domicile

Principal Officer

MATTHEW FELAN

Phone

9896956100

Tax Period

2023-01-01 to 2023-12-31

GREAT LAKES BAY FOUNDATION, founded in 2007, is a small nonprofit in the Human Services sector that reported $680K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $776K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION OF THE GREAT LAKES BAY FOUNDATION IS TO ENCOURAGE, SUPPORT AND CELEBRATE REGIONAL COLLABORATION AND INITIATIVES THAT WILL IMPROVE THE ECONOMIC VITALITY AND QUALITY OF LIFE IN THE GREAT LAKES BAY REGION.

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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 $588,930

Program Service Revenue $87,210

Investment Income $4

Other Revenue $4,312

TOTAL REVENUE $680,456

Expense Breakdown

Grants Paid $64,008

Salaries & Benefits $423,679

Fundraising Expenses $0

Program Expenses $667,196

Other Expenses $288,414

TOTAL EXPENSES $776,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$680,456	$525,507	+0.3%
Expenses	$776,101	$599,092	+0.3%
Net Income	$-95,645	$-73,585	+0.3%

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

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

$173,349

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW FELAN	PRESIDENT	4.00	Officer	$75,735	$5,049	$173,349
KIMBERLEE BACZEWSKI	DIRECTOR	0.50	Director	$0	$0	$0
JIM BARCIA	DIRECTOR	0.50	Director	$0	$0	$0
NEAL BISHOP	DIRECTOR	0.50	Director	$0	$0	$0
BETH CHARLTON	DIRECTOR	0.50	Director	$0	$0	$0
ROB CLARK	DIRECTOR	0.50	Director	$0	$0	$0
FRANK CLOUTIER	PAST CHAIR	0.50	Officer Director	$0	$0	$0
LIZ CONWAY	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN COTTER	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT DAVIES	DIRECTOR	0.50	Director	$0	$0	$0
BEN DENAY	DIRECTOR	0.50	Director	$0	$0	$0
BILL GAGLIARDI	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER GALLEGOS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MICHAEL GAVIN	DIRECTOR	0.50	Director	$0	$0	$0
TIM HOOD	DIRECTOR	0.50	Director	$0	$0	$0
VERONICA HORN	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE GRANT JR	DIRECTOR	0.50	Director	$0	$0	$0
MARTHA ZEHNDER KACZYNSKI	DIRECTOR	0.50	Director	$0	$0	$0
PAVEL KONECNY	DIRECTOR	0.50	Director	$0	$0	$0
TIM LACEY	DIRECTOR	0.50	Director	$0	$0	$0
JONATHAN LAUDERBACH	DIRECTOR	0.50	Director	$0	$0	$0
DARRELL LENTZ	DIRECTOR	0.50	Director	$0	$0	$0
TOM MILLER	DIRECTOR	0.50	Director	$0	$0	$0
KENT MACDONALD	DIRECTOR	0.50	Director	$0	$0	$0
DIANE MAHONEY	DIRECTOR	0.50	Director	$0	$0	$0
JEFF MAYES	DIRECTOR	0.50	Director	$0	$0	$0
DIANE MIDDLETON	DIRECTOR	0.50	Director	$0	$0	$0
JAMES MILROY	DIRECTOR	0.50	Director	$0	$0	$0
SETH PERIGO	DIRECTOR	0.50	Director	$0	$0	$0
JUSTIN POMERVILLE	DIRECTOR	0.50	Director	$0	$0	$0
RON RIDLEY	DIRECTOR	0.50	Director	$0	$0	$0
MAGEN SAMYN	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL SCHEFFER	DIRECTOR	0.50	Director	$0	$0	$0
JEROME SCHWIND	DIRECTOR	0.50	Director	$0	$0	$0
PAUL SEIBERT	DIRECTOR	0.50	Director	$0	$0	$0
PETER SHAHEEN	CHAIR	0.50	Officer Director	$0	$0	$0
TONY STAMAS	DIRECTOR	0.50	Director	$0	$0	$0
ERIN STRANG	SECRETARY/TR	0.50	Officer Director	$0	$0	$0
SUNITA VADAKATH	DIRECTOR	0.50	Director	$0	$0	$0
KRISTEN WENZEL	DIRECTOR	0.50	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	$680,456	$776,101	$243,800	$-95,645
2022	$525,507	$599,092	$220,903	$-73,585
2021	$517,658	$542,518	$165,727	$-24,860
2020	$484,080	$659,708	$204,565	$-175,628
2019	$469,209	$703,442	$351,185	$-234,233
2018	$754,381	$602,582	$625,492	$151,799

GREAT LAKES BAY FOUNDATION