GREAT LAKES CHAMBER ORCHESTRA (EIN 300084912) - 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

2002

Legal Domicile

Principal Officer

SCOTT LANGTON

Phone

2314870010

Tax Period

2024-01-01 to 2024-12-31

GREAT LAKES CHAMBER ORCHESTRA, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $556K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $492K left a modest 11% surplus.

Mission

TO PROVIDE LIVE ORCHESTRAL PERFORMANCES TO ENTERTAIN, EDUCATE AND INSPIRE MICHIGAN RESIDENTS

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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 $436,481

Program Service Revenue $103,868

Investment Income $179

Other Revenue $15,114

TOTAL REVENUE $555,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,621

Fundraising Expenses $108,533

Program Expenses $316,170

Other Expenses $388,537

TOTAL EXPENSES $492,158

Year-over-Year Comparison

	2024	2023	Change
Revenue	$555,642	$495,868	+0.1%
Expenses	$492,158	$466,924	+0.1%
Net Income	$63,484	$28,944	+1.2%

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

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

Total Directors

$64,583

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BAILEY	TRUSTEE	4.00	Director	$0	$0	$0
JIM GRAVES	TRUSTEE	4.00	Director	$0	$0	$0
LYNN HANSEN	TRUSTEE	4.00	Director	$0	$0	$0
KATHY LIBERT	TRUSTEE	4.00	Director	$0	$0	$0
DIBBY SMITH	TRUSTEE	4.00	Director	$0	$0	$0
STEPHEN JAQUITH	ORCHESTRA REP	4.00	Director	$0	$0	$0
JAN STEWART	SECRETARY	4.00	Officer Director	$0	$0	$0
STEVEN CROSS	TREASURER	4.00	Officer Director	$0	$0	$0
KATHY SCHROEDER	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
SCOTT LANGTON	PRESIDENT	4.00	Officer Director	$0	$0	$0
MEG BRODIE-IDEKER	EXECUTIVE DIRECTOR	40.00	Director	$64,583	$0	$64,583

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	$555,642	$492,158	$204,948	$63,484
2023	$495,868	$466,924	$149,168	$28,944
2022	$568,811	$431,161	$208,390	$137,650
2022	$178,585	$246,313	$190,653	$-67,728
2021	$226,173	$260,380	$265,799	$-34,207
2020	$244,867	$295,850	$188,883	$-50,983
2019	$307,244	$329,178	$184,035	$-21,934

GREAT LAKES CHAMBER ORCHESTRA