Greater Gratiot Development Inc (EIN 382221284) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

Kasey Zehner

Phone

9898752083

Tax Period

2024-10-01 to 2025-09-30

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.

Mission

To retain, expand, and attract business & industry and to participate in activities which enhance the economic climate within the Gratiot Community.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $630,231

Program Service Revenue $15,262

Investment Income $70,528

Other Revenue $526

TOTAL REVENUE $716,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $408,965

Fundraising Expenses $0

Program Expenses $428,293

Other Expenses $138,923

TOTAL EXPENSES $547,888

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$178,575

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

Greater Gratiot Development Inc