GREAT LAKES EXPERIMENTAL ARTS INC (EIN 264684038) - 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

2009

Legal Domicile

Phone

2486845353

Tax Period

2020-01-01 to 2020-12-31

GREAT LAKES EXPERIMENTAL ARTS INC, founded in 2009, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $7K in total revenue in fiscal year 2020. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $35K exceeded revenue, resulting in a 375% operating deficit.

Mission

TO SUPPORT AND FUND THE CREATION, PRESENTATION, EDUCATION AND TRANSPORTATION OF ART.

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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 (2020)

Revenue Breakdown

Contributions & Grants $6,266

Program Service Revenue $0

Investment Income $1,083

Other Revenue $0

TOTAL REVENUE $7,349

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,760

Other Expenses $30,891

TOTAL EXPENSES $34,891

Year-over-Year Comparison

	2020	2019	Change
Revenue	$7,349	$254,429	-1.0%
Expenses	$34,891	$256,065	-0.9%
Net Income	$-27,542	$-1,636	+15.8%

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

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
JESSICA	BAILE	5.00	Officer Director	$0	$0	$0
ILA	COLTAS	5.00	Director	$0	$0	$0
SCOTT	VAN DE VYER	5.00	Officer Director	$0	$0	$0
MEGAN	SMITH JOVANOVIC	5.00	Director	$0	$0	$0
MIKE	LITTLE	5.00	Officer Director	$0	$0	$0
LAURA	THOMPSON	5.00	Director	$0	$0	$0
SCOTT	KENNEDY	5.00	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
2020	$7,349	$34,891	$326,704	$-27,542
2019	$254,429	$256,065	$138,218	$-1,636
2018	$209,959	$219,181	$135,310	$-9,222

GREAT LAKES EXPERIMENTAL ARTS INC