GRAND RAPIDS COMMUNITY LEGENDS (EIN 320225710) - 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

2007

Legal Domicile

Principal Officer

Mark Schut

Phone

6162350010

Tax Period

2025-01-01 to 2025-12-31

GRAND RAPIDS COMMUNITY LEGENDS, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2025. Revenue surged 873% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 96% operating margin.

Mission

PROVIDING STATUARY FOR THE PUBLIC BENEFIT

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,496,412

Program Service Revenue $0

Investment Income $179,704

Other Revenue $0

TOTAL REVENUE $2,676,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,756

Other Expenses $93,756

TOTAL EXPENSES $93,756

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,676,116	$274,909	+8.7%
Expenses	$93,756	$7,208	+12.0%
Net Income	$2,582,360	$267,701	+8.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Secchia	President	1.00	Director	$0	$0	$0
Timothy Kelly	Director	1.00	Director	$0	$0	$0
Mark Schut	Treasurer	1.00	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
2025	$2,676,116	$93,756	$3,310,817	$2,582,360
2024	$274,909	$7,208	$734,963	$267,701
2023	$510,730	$929	$509,801	$509,801
2020	No data	No data	$8,897	No data
2019	No data	No data	$8,897	No data
2018	$4,124	$170,257	$8,897	$-166,133

GRAND RAPIDS COMMUNITY LEGENDS