Great Lakes Observing System Regional Association (EIN 260711287) - 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

2006

Legal Domicile

Principal Officer

Jennifer Boehme

Phone

7347412294

Tax Period

2024-07-01 to 2025-06-30

Great Lakes Observing System Regional Association, founded in 2006, is a community nonprofit in the Science & Technology sector that reported $4.9M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

As a nonprofit IOOS Regional Association, GLOS provides end-to-end data services that support science, policy, management, and industry all around the Great Lakes 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 (2024)

Revenue Breakdown

Contributions & Grants $4,761,011

Program Service Revenue $0

Investment Income $0

Other Revenue $116,724

TOTAL REVENUE $4,877,735

Expense Breakdown

Grants Paid $2,017,608

Salaries & Benefits $1,415,684

Fundraising Expenses $0

Program Expenses $4,489,717

Other Expenses $1,341,814

TOTAL EXPENSES $4,775,106

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,877,735	$4,203,096	+0.2%
Expenses	$4,775,106	$4,065,523	+0.2%
Net Income	$102,629	$137,573	-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

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

$200,574

Total Directors

Key Employees

$218,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Kearns	Chief Information Officer	040.00	Key Emp	$180,997	$37,003	$218,000
Jennifer Boehme	Chief Executive Officer	040.00	Officer	$162,805	$37,769	$200,574
Josephine Grimaudo-Cacciatore	Financial Manager	040.00	Highest	$117,347	$30,774	$148,121
Pete Giencke	Vice Chair	001.00	Officer Director	$0	$0	$0
Thomas Rayburn	Chair	001.00	Officer Director	$0	$0	$0
Aaron Fisk	Director	001.00	Director	$0	$0	$0
Leon Carl	Director	001.00	Director	$0	$0	$0
Stephanie Gandulla	Director	001.00	Director	$0	$0	$0
Annie Atkinson	Treasurer	001.00	Officer Director	$0	$0	$0
Mary-Claire Buell	Director	001.00	Director	$0	$0	$0
Heather Stirratt	Director	001.00	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	$4,877,735	$4,775,106	$875,307	$102,629
2024	$4,203,096	$4,065,523	$694,352	$137,573
2023	$3,508,766	$3,620,468	$411,660	$-111,702
2022	$4,821,413	$5,016,033	$1,172,768	$-194,620
2021	$4,187,688	$4,051,112	$1,160,774	$136,576
2020	$2,186,071	$2,174,239	$397,809	$11,832
2019	$2,126,118	$2,122,945	$438,910	$3,173

Great Lakes Observing System Regional Association