GRAND TRAVERSE AREA CATHOLIC SCHOOLS FOUNDATION INC (EIN 237113692) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

WAYNE MUELLER

Phone

2319958428

Tax Period

2024-01-01 to 2024-12-31

GRAND TRAVERSE AREA CATHOLIC SCHOOLS FOUNDATION INC, founded in 1971, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 228% from the prior year, signaling strong growth momentum. The organization ran a surplus of $977K, a strong 74% operating margin.

Mission

TO PROVIDE SUPPORT FOR THE GRAND TRAVERSE AREA CATHOLIC SCHOOLS (GTACS), INCLUDING, AMONG OTHER THINGS, TUITION ASSISTANCE TO NEEDY AND GIFTED STUDENTS, FACULTY SALARY ENHANCEMENT AND CAPITAL IMPROVEMENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $415,644

Program Service Revenue $0

Investment Income $911,207

Other Revenue $1,770

TOTAL REVENUE $1,328,621

Expense Breakdown

Grants Paid $280,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $302,650

Other Expenses $71,621

TOTAL EXPENSES $351,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,328,621	$405,182	+2.3%
Expenses	$351,771	$285,983	+0.2%
Net Income	$976,850	$119,199	+7.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
DENNIS BRODEUR	PRESIDENT	1.00	Officer Director	$0	$0	$0
AL ZELINSKI	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF CONNOLLY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTOPHER ELLALASINGHAM	TRUSTEE	1.00	Director	$0	$0	$0
JERRY JENKINS	TRUSTEE	1.00	Director	$0	$0	$0
LORI ERHARDT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BUELL	TRUSTEE	1.00	Director	$0	$0	$0
TERRY PAQUET	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE MUELLER	EXECUTIVE DIRECTOR	25.00	Officer	$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	$1,328,621	$351,771	$8,893,503	$976,850
2023	$405,182	$285,983	$7,926,120	$119,199
2022	$454,764	$273,818	$7,098,360	$180,946
2021	$1,034,882	$229,086	$7,841,699	$805,796
2020	$414,868	$206,860	$6,344,071	$208,008
2019	$958,432	$211,089	$5,970,304	$747,343
2018	$433,061	$213,692	$4,794,695	$219,369

GRAND TRAVERSE AREA CATHOLIC SCHOOLS FOUNDATION INC