GRAND RAPIDS WHITEWATER INC

EIN: 271009241 501(c)(3) Recreation & Sports

GRAND RAPIDS, MI

Total Revenue
$247,817
Total Expenses
$781,019
Total Assets
$7,138,870
Net Assets
$6,175,439
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MI
Principal Officer
STEVE HEACOCK
Phone
6168812888
Tax Period
2023-01-01 to 2023-12-31

GRAND RAPIDS WHITEWATER INC, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $248K in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $781K exceeded revenue, resulting in a 215% operating deficit.

Mission

THE PURPOSE OF THE CORPORATION IS TO RECREATE RAPIDS THAT PROVIDE RECREATIONAL AND FITNESS OPPORTUNITIES TO THE GENERAL PUBLIC, AND TO PROMOTE AN ENVIRONMENTALLY SOUND DESIGN THAT WILL ENHANCE THE SUSTAINABILITY OF FISH, WILDLIFE, AND NATURAL RESOURCES WITHIN THE GRAND RIVER.

Program Service Accomplishments

Program 1
Expenses: $692,785

RIVER RESTORATION INCLUDED THE FOLLOWING PHASES: ENGINEERING PHASE I - "PHASE 1" INCLUDED THE DEVELOPMENT OF PRELIMINARY ENGINEERING WORK FOR THE RAPIDS RESTORATION PROJECT PROPOSED IN GRAND RAPIDS...

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RIVER RESTORATION INCLUDED THE FOLLOWING PHASES: ENGINEERING PHASE I - "PHASE 1" INCLUDED THE DEVELOPMENT OF PRELIMINARY ENGINEERING WORK FOR THE RAPIDS RESTORATION PROJECT PROPOSED IN GRAND RAPIDS, MICHIGAN ON THE GRAND RIVER. THE ENGINEERING WORK WAS PERFORMED BY THE CONSULTANTS FROM RIVERRESTORATION, ECOANALYSTS, AND ENVIRONMENTAL RESOURCES MANAGEMENT. THE WORK PERFORMED INCLUDED FIELD SURVEYS, PROJECT COORDINATION AND COMMUNICATION, PRELIMINARY ANALYSIS, PRELIMINARY SCOPE DEVELOPMENT, AND PRELIMINARY DESIGN OF PROJECT COMPONENTS INCLUDING EXISTING DAM REMOVAL, HYDRAULIC MODELS, A NEW LAMPREY BARRIER, HABITAT RESTORATION AND FISH PASSAGE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $39,524
Program Service Revenue $0
Investment Income $208,293
Other Revenue $0
TOTAL REVENUE $247,817

Expense Breakdown

Grants Paid $0
Salaries & Benefits $320,139
Fundraising Expenses $19,278
Program Expenses $692,785
Other Expenses $460,880
TOTAL EXPENSES $781,019

Year-over-Year Comparison

2023 2022 Change
Revenue $247,817 $140,777 +0.8%
Expenses $781,019 $778,315 +0.0%
Net Income $-533,202 $-637,538 -0.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
2
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
4
$185,120
Total Directors
9
$185,120
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS MULLER BOARD CHAIR 15.00
Officer Director
$0 $0 $0
STEVE HEACOCK PRESIDENT/CE 40.00
Officer Director
$185,120 $0 $185,120
SCOTT LEWIS SECRETARY 2.00
Officer Director
$0 $0 $0
JOHN GREEN TREASURER 2.00
Officer Director
$0 $0 $0
TRIPP FREY DIRECTOR 2.00
Director
$0 $0 $0
JANET KORN DIRECTOR 2.00
Director
$0 $0 $0
JUAN OLIVAREZ DIRECTOR 2.00
Director
$0 $0 $0
CHIP RICHARDS DIRECTOR 2.00
Director
$0 $0 $0
JEFF VANDENBERG DIRECTOR 2.00
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
2024 No data No data No data No data
2023 $247,817 $781,019 $7,138,870 $-533,202
2022 $140,777 $778,315 $7,633,856 $-637,538
2021 $417,568 $926,069 $7,001,248 $-508,501
2020 $1,224,953 $1,165,187 $7,593,794 $59,766
2019 $7,611,164 $1,241,967 $10,133,999 $6,369,197
2018 $3,738,402 $1,796,535 $3,828,037 $1,941,867
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