THE GROSSE POINTE ACADEMY

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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

1969

Legal Domicile

Principal Officer

THOMAS W ADAMS

Phone

3138861221

Tax Period

2024-07-01 to 2025-06-30

THE GROSSE POINTE ACADEMY, founded in 1969, is a community nonprofit in the Education sector that reported $7.7M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

THE MISSION OF THE GROSSE POINTE ACADEMY IS TO NURTURE, CHALLENGE AND INSPIRE THE INTELLECTUAL, CREATIVE AND PERSONAL POTENTIAL IN EACH AND EVERY CHILD.

Program Service Accomplishments

Program 1

Expenses: $5,261,057 Revenue: $6,846,357

AN INDEPENDENT EDUCATIONAL INSTITUTION THAT PROVIDES AN ENVIRONMENT OF LEARNING FOR STUDENTS IN GRADES PRESCHOOL THROUGH EIGHT OF VARIOUS SOCIAL, ECONOMIC, RELIGIOUS, AND CULTURAL BACKGROUNDS.

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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 $481,295

Program Service Revenue $6,213,192

Investment Income $337,536

Other Revenue $677,157

TOTAL REVENUE $7,709,180

Expense Breakdown

Grants Paid $861,790

Salaries & Benefits $4,048,060

Fundraising Expenses $594,845

Program Expenses $5,261,057

Other Expenses $3,062,714

TOTAL EXPENSES $7,972,564

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,709,180	$8,234,851	-0.1%
Expenses	$7,972,564	$8,936,812	-0.1%
Net Income	$-263,384	$-701,961	-0.6%

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

104

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

$362,686

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
T HART MECKE III	PRESIDENT	5.00	Officer Director	$0	$0	$0
TED MCDERMOTT	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
RJ WOLNEY	SECRETARY	5.00	Officer Director	$0	$0	$0
PAUL E LINDOW	TREASURER	5.00	Officer Director	$0	$0	$0
ADAM Z HOLLERBACH	TRUSTEE	5.00	Director	$0	$0	$0
ANDREA SOAVE PROVENZANO	EXECUTIVE CHAIRMAN AND MEMBER AT LARGE	5.00	Director	$0	$0	$0
BOB MOESTA	TRUSTEE	5.00	Director	$0	$0	$0
CAROLE J PEABODY	TRUSTEE - PASSED AWAY 7/2/2025	5.00	Director	$0	$0	$0
DEVON EZOP	MEMBER AT LARGE	5.00	Director	$0	$0	$0
ELLSWORTH MILLER	TRUSTEE	5.00	Director	$0	$0	$0
ERIC PANAGOPULOUS	TRUSTEE	5.00	Director	$0	$0	$0
FRANK KUPLICKI	TRUSTEE	5.00	Director	$0	$0	$0
JOSEPH P KAISER	TRUSTEE	5.00	Director	$0	$0	$0
POWELL PEABODY CORBETT	TRUSTEE	5.00	Director	$0	$0	$0
ROSELIE BELLANCA POSSELIUS	TRUSTEE	5.00	Director	$0	$0	$0
THOMAS ADAMS	HEAD OF SCHOOL - EX-OFFICI	40.00	Key Emp	$355,000	$7,686	$362,686
CYNTHIA A WILLOUGHBY	DIRECTOR OF FINANCE & OPER	40.00	Highest	$152,411	$4,320	$156,731
MARK BOLLOZOS	DIRECTOR OF MARKETING & COMMUNICATIONS	40.00	Highest	$102,900	$0	$102,900

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	$7,709,180	$7,972,564	$17,514,459	$-263,384
2024	No data	No data	No data	No data
2023	$8,174,480	$8,294,931	$18,028,035	$-120,451
2022	$7,786,911	$7,054,764	$17,719,547	$732,147
2021	$6,078,711	$5,783,228	$18,108,930	$295,483
2020	$5,927,642	$5,194,488	$17,496,231	$733,154
2019	$4,798,934	$5,055,278	$16,266,733	$-256,344