GROSSE ILE HISTORICAL SOCIETY

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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

1959

Legal Domicile

Principal Officer

ANTHONY KRUKOWSKI

Phone

7346751250

Tax Period

2023-01-01 to 2023-12-31

GROSSE ILE HISTORICAL SOCIETY, founded in 1959, is a micro nonprofit that reported $52K in total revenue in fiscal year 2023. Expenses of $74K exceeded revenue, resulting in a 43% operating deficit.

Mission

COLLECT, PRESERVE & INTERPRET HISTORICAL INFORMATION REGARDING GROSSE ILE TOWNSHIP.

Program Service Accomplishments

Program 1

Expenses: $13,389

COLLECT HISTORICAL INFORMATION AND OBJECTS RELATIVE TO GROSSE ILE AND EXHIBIT IN THE MUSEUM TO GENERATE INTEREST IN THE HISTORY OF GROSSE ILE AND TO AFFORD A LEARNING EXPERIENCE FOR THE PUBLIC.

Program 2

Expenses: $10,368

PRESERVE WRITTEN DOCUMENTS AND ARTIFACTS FOR POSTERITY TO TEACH AND TO PROMOTE STUDY AND RESEARCH.

Program 3

Expenses: $37,637

MAINTAIN THE HISTORICAL PROPERTIES OWNED BY THE GROSSE ILE HISTORICAL SOCIETY NAMELY THE 1904 MUSEUM, THE 1873 CUSTOMS HOUSE AND THE REAL ESTATE HOUSING THESE BUILDINGS.

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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 $19,463

Program Service Revenue $0

Investment Income $3,057

Other Revenue $29,119

TOTAL REVENUE $51,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,925

Other Expenses $74,048

TOTAL EXPENSES $74,048

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,639	$49,605	+0.0%
Expenses	$74,048	$41,083	+0.8%
Net Income	$-22,409	$8,522	-3.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE BARNES	TRUSTEE	N/A	Director	$0	$0	$0
SANDY BONDAR	TRUSTEE	N/A	Director	$0	$0	$0
KARIN COZZI	PRESIDENT	N/A	Officer Director	$0	$0	$0
VANESSA GRATZ	TRUSTEE	N/A	Director	$0	$0	$0
JO-ANNE GRONLUND	SECRETARY	N/A	Officer Director	$0	$0	$0
GARY KADU	TRUSTEE	N/A	Director	$0	$0	$0
GREG KARAMAZIN	TRUSTEE	N/A	Director	$0	$0	$0
ANTHONY KRUKOWSKI	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JEANNE KRUKOWSKI	TREASURER	N/A	Officer Director	$0	$0	$0
CHERI NELSON	TRUSTEE	N/A	Director	$0	$0	$0
JON RUMLEY	TRUSTEE	N/A	Director	$0	$0	$0
LAURA RUMLEY	TRUSTEE	N/A	Director	$0	$0	$0
SUE ZINK	TRUSTEE	N/A	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
2023	$51,639	$74,048	$1,442,940	$-22,409
2022	$49,605	$41,083	$1,410,065	$8,522
2021	$76,909	$43,004	$1,483,104	$33,905
2020	$27,335	$31,206	$1,394,460	$-3,871