GREAT LAKES BAY REGIONAL ALLIANCE

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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

2009

Legal Domicile

Principal Officer

TERA SZELIGA

Phone

9896956100

Tax Period

2024-01-01 to 2024-12-31

GREAT LAKES BAY REGIONAL ALLIANCE, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $192K in total revenue in fiscal year 2024. Expenses of $211K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO CHAMPION AND SUPPORT REGIONAL COLLABORATION AND INITIATIVES THAT HELP GROW THE GREAT LAKES BAY REGION.

Program Service Accomplishments

Program 1

Expenses: $30,450

THE PURPOSE OF THE ORGANIZATION IS TO BUILD STRONGER, MORE VIBRANT COMMUNITIES WITH THE GOAL TO ATTRACT INVESTORS, BUSINESS AND INDUSTRY, AND SKILLED WORKERS AND VISITORS. THE GREAT LAKES BAY REGION IS A COLLABORATION OF THE MIDLAND, SAGINAW, BAY, AND ISABELLA COUNTIES. THE ALLIANCE HAS THE FOLLOWING COUNCILS THAT ALL WORK TOWARD THE GOALS THAT WILL IMPROVE THE QUALITY OF LIFE AND ECONOMIC VITALITY AND THE QUALITY OF LIFE IN THE GREAT LAKES BAY REGION: ADVOCACY COUNCIL ECONOMIC DEVELOPMENT COUNCIL

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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 $190,737

Program Service Revenue $0

Investment Income $1

Other Revenue $1,009

TOTAL REVENUE $191,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,323

Fundraising Expenses $0

Program Expenses $30,450

Other Expenses $79,762

TOTAL EXPENSES $211,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$191,747	$185,079	+0.0%
Expenses	$211,085	$232,265	-0.1%
Net Income	$-19,338	$-47,186	-0.6%

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

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

$169,950

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW FELAN	EXECUTIVE DI	40.00	Officer	$90,750	$4,950	$169,950
KIMBERLEE BACZEWSKI	DIRECTOR	0.50	Director	$0	$0	$0
JIM BARCIA	DIRECTOR	0.50	Director	$0	$0	$0
BROOKE BEEBE	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
MELINDA COFFIN	DIRECTOR	0.50	Director	$0	$0	$0
JEFF COLLIER	DIRECTOR	0.50	Director	$0	$0	$0
LIZ CONWAY	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
GERD DIETRICH	DIRECTOR	0.50	Director	$0	$0	$0
KEN FRIERSON	DIRECTOR	0.50	Director	$0	$0	$0
BILL GAGLIARDI	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER GALLEGOS	CHAIR	0.50	Officer Director	$0	$0	$0
MICHAEL GAVIN	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL GOAD	DIRECTOR	0.50	Director	$0	$0	$0
TODD GREGORY	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK HENGESBACH	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
BRIAN KEELER	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
JON LYNCH	SECRETARY/TR	0.50	Director	$0	$0	$0
KENT MACDONALD	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
ANNA MOONEY	DIRECTOR	0.50	Director	$0	$0	$0
ALYSHA PASQUALI	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
PETER SHAHEEN	PAST CHAIR	0.50	Officer Director	$0	$0	$0
BRADLEY SIZELOVE	DIRECTOR	0.50	Director	$0	$0	$0
TONY STAMAS	DIRECTOR	0.50	Director	$0	$0	$0
JEFF STOUTENBURG	DIRECTOR	0.50	Director	$0	$0	$0
ERIN STRANG	VICE CHAIR	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	$191,747	$211,085	$266,361	$-19,338
2023	$185,079	$232,265	$296,809	$-47,186
2022	$155,043	$202,392	$378,205	$-47,349
2021	$331,176	$245,917	$392,165	$85,259
2020	$263,726	$330,518	$319,203	$-66,792
2019	$497,073	$443,301	$415,796	$53,772
2018	$184,976	$323,454	$335,093	$-138,478