GREAT LAKES EDUCATION FOUNDATION (EIN 274901408) - 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

2011

Legal Domicile

Principal Officer

Mary Doster

Phone

5175254994

Tax Period

2023-01-01 to 2023-12-31

GREAT LAKES EDUCATION FOUNDATION, founded in 2011, is a small nonprofit in the Education sector that reported $550K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $340K, a strong 62% operating margin.

Mission

Provide informational programs and non-partisan research and analysis concerning education reform. Conduct and examine others' research into education reform and analyze those plans' application in Michigan.

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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 (2023)

Revenue Breakdown

Contributions & Grants $550,100

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $550,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,250

Fundraising Expenses $0

Program Expenses $188,910

Other Expenses $197,478

TOTAL EXPENSES $209,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$550,100	$350,500	+0.6%
Expenses	$209,728	$362,870	-0.4%
Net Income	$340,372	$-12,370	-28.5%

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

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

$35,430

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Doster	Treasurer	1	Officer	$12,250	$0	$35,430
Jase Bolger	Secretary/Director	1	Officer Director	$0	$0	$0
James Barrett	President/Director	1	Officer Director	$0	$0	$0
Nate Bailey	Vice President/Director	1	Officer 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
2023	$550,100	$209,728	$387,809	$340,372
2022	$350,500	$362,870	$47,437	$-12,370
2021	$200,000	$185,536	$59,807	$14,464
2020	$177,500	$243,402	$45,343	$-65,902

GREAT LAKES EDUCATION FOUNDATION