Ithaca, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Greater Gratiot Development Inc, founded in 1978, is a small nonprofit in the Community Improvement sector that reported $717K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $169K, a strong 24% operating margin.
To retain, expand, and attract business & industry and to participate in activities which enhance the economic climate within the Gratiot Community.
The Organization services various loans which assist in a start up company or company expansion. Community economic development services are provided including small business consulting, industry...
The Organization services various loans which assist in a start up company or company expansion. Community economic development services are provided including small business consulting, industry retention, expansion and attraction efforts as well as community promotion and interaction among various types of state and local groups. The Organization also serves as a source for information.
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 | $716,547 | $634,658 | +0.1% |
| Expenses | $547,888 | $565,602 | 0.0% |
| Net Income | $168,659 | $69,056 | +1.4% |
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 |
|---|---|---|---|---|---|---|
| Bill Henderson | Chairman | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kevin Collison | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kevin Beeson | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Pam Munderloh | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Greg Mapes | At-Large Official | 1.00 |
Director
|
$0 | $0 | $0 |
| Marita Hattem-Schiffman | At-Large Official | 1.00 |
Director
|
$0 | $0 | $0 |
| Garth Anderson | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Kurt Giles | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Brian Goward | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Sam Smith | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Aeric Ripley | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Terasa Burt | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Tim Schaub | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Dave Owens | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jamey Conn | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Alison Jerome | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Josh Leppien | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Joe Bowen | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Shana Dancer | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Adam Geers | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Marci Browne | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Adam Vibber | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Bob Balzer | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Gary Melow | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Paul Hungerford | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Carla Jensen | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Doug Bush | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Bob Studt | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Chelsea Holmes Matz | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Steve Bakker | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Karla Childers | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Curtis Dancer | Committee Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jim Wheeler | President | 40.00 |
Officer
|
$152,493 | $26,082 | $178,575 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $716,547 | $547,888 | $3,038,888 | $168,659 |
| 2024 | $634,658 | $565,602 | $2,863,922 | $69,056 |
| 2023 | $576,014 | $475,671 | $2,769,536 | $100,343 |
| 2022 | $531,888 | $438,758 | $2,659,852 | $93,130 |
| 2021 | $497,912 | $411,612 | $2,566,183 | $86,300 |
| 2020 | $485,502 | $396,567 | $2,485,489 | $88,935 |
| 2019 | $473,945 | $398,435 | $2,406,911 | $75,510 |
| 2018 | $468,794 | $427,018 | $2,348,389 | $41,776 |
Compare Greater Gratiot Development Inc with other nonprofits in Michigan and across the country.