GRAND RIVER ACADEMY (EIN 340753533) - 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

1940

Legal Domicile

Principal Officer

DR GINA BORST

Phone

4402752811

Tax Period

2023-07-01 to 2024-06-30

GRAND RIVER ACADEMY, founded in 1940, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $4.4M exceeded revenue, resulting in a 40% operating deficit.

Mission

TO PROVIDE QUALITY PRIVATE SECONDARY EDUCATION.

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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 $136,193

Program Service Revenue $2,821,856

Investment Income $-106,170

Other Revenue $285,843

TOTAL REVENUE $3,137,722

Expense Breakdown

Grants Paid $776,510

Salaries & Benefits $2,139,478

Fundraising Expenses $179,337

Program Expenses $3,835,855

Other Expenses $1,490,199

TOTAL EXPENSES $4,406,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,137,722	$4,214,048	-0.3%
Expenses	$4,406,187	$5,168,500	-0.1%
Net Income	$-1,268,465	$-954,452	+0.3%

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

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

$49,412

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN BAKER	TRUSTEE	2.00	Director	$0	$0	$0
FRANK EDMONDS	TRUSTEE	2.00	Director	$0	$0	$0
JAMES REINART	TRUSTEE	2.00	Director	$0	$0	$0
DR JEROME BROCKWAY	TRUSTEE	2.00	Director	$0	$0	$0
SANJAY PARKER	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY SMITH	TRUSTEE	2.00	Director	$0	$0	$0
DR STEVEN FREDRICKSON	TRUSTEE	2.00	Director	$0	$0	$0
CRAIG MEHALL	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW NICHOLS	TRUSTEE	2.00	Director	$0	$0	$0
MICHELLE ROWLEY	TRUSTEE	2.00	Director	$0	$0	$0
DR GINA BORST	HEAD OF SCHOOL	65.00	Director	$49,412	$0	$49,412
BLAIR A CAMPOMIZZI	CHAIR OF THE BOARD	10.00	Officer	$0	$0	$0
SHARON TIKNIS	VICE CHAIR OF THE BOARD	10.00	Officer	$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	No data	No data	No data	No data
2024	$3,137,722	$4,406,187	$6,273,301	$-1,268,465
2023	$4,214,048	$5,168,500	$7,466,625	$-954,452
2022	$5,165,926	$4,952,514	$8,641,009	$213,412
2021	$3,452,522	$3,233,635	$8,896,716	$218,887
2020	$3,125,332	$3,698,214	$8,175,689	$-572,882
2019	$3,342,728	$4,310,635	$8,563,053	$-967,907
2018	$4,719,198	$5,162,548	$9,334,449	$-443,350

GRAND RIVER ACADEMY