GREAT LAKES FOUNDATION (EIN 363843113) - 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

1993

Legal Domicile

Principal Officer

DOUG JACKSON

Phone

8109844500

Tax Period

2024-10-01 to 2025-09-30

GREAT LAKES FOUNDATION, founded in 1993, is a micro nonprofit in the Education sector that reported $19K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $33K exceeded revenue, resulting in a 73% operating deficit.

Mission

GRANTMAKING IN SUPPORT OF BOATING EDUCATION, PRESERVING WILDERNESS AREAS, AND DEVELOPING OR REPAIRING MARINE INFRASTRUCTURE.

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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 $9,371

Program Service Revenue $0

Investment Income $9,891

Other Revenue $0

TOTAL REVENUE $19,262

Expense Breakdown

Grants Paid $25,471

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,871

Other Expenses $7,841

TOTAL EXPENSES $33,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,262	$29,385	-0.3%
Expenses	$33,312	$49,853	-0.3%
Net Income	$-14,050	$-20,468	-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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG JACKSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE MCKEOWN	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES AUSTIN	SECRETARY	1.00	Officer Director	$0	$0	$0
NIELS JENSEN	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	$19,262	$33,312	$565,098	$-14,050
2024	$29,385	$49,853	$536,557	$-20,468
2023	$26,232	$33,976	$454,771	$-7,744
2022	$28,547	$47,409	$412,356	$-18,862
2021	$25,255	$42,877	$507,007	$-17,622
2020	$19,901	$7,409	$458,373	$12,492
2019	$15,324	$20,208	$403,078	$-4,884

GREAT LAKES FOUNDATION