NEW BALTIMORE, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE FOUNDATION'S MISSION INCLUDES: 1. PROMOTING MARINE SAFETY THROUGH EDUCATION AND INFORMATION ABOUT BOATING PRACTICES, HARBORS AND ANCHORAGES IN THE GREAT LAKES; 2. PROTECTING AND PRESERVING WILDERNESS AREAS ASSOCIATED WITH CRUISING; 3. ENHANCING THE APPRECIATION OF THE GREAT LAKES AND ITS UNIQUE BOATING OPPORTUNITIES BY BOATERS AND THE GENERAL PUBLIC; 4. ENCOURAGING THE STUDY AND PRESERVATION OF THE MARINE ENVIRONMENT; AND 5. SUPPORTING THE DEVELOPMENT OR REPAIR OF IMPORTANT MARINE INFRASTRUCTURE.
THE FOUNDATION MAKES GRANTS TO CHARITABLE ORGANIZATIONS TO PROMOTE MARINE SAFETY, TO SUPPORT ACCESS TO BOATING ACTIVITIES FOR THE DISADVANTAGED AND DISABLED AND TO ENCOURAGE THE PRESERVATION OF THE...
THE FOUNDATION MAKES GRANTS TO CHARITABLE ORGANIZATIONS TO PROMOTE MARINE SAFETY, TO SUPPORT ACCESS TO BOATING ACTIVITIES FOR THE DISADVANTAGED AND DISABLED AND TO ENCOURAGE THE PRESERVATION OF THE MARINE ENVIRONMENT AND INFRASTRUCTURE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare GREAT LAKES FOUNDATION with other nonprofits in Michigan and across the country.