GROSSE POINTE HISTORICAL SOCIETY

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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

1980

Legal Domicile

Principal Officer

STUART GRIGGS

Phone

3138847010

Tax Period

2024-01-01 to 2024-12-31

GROSSE POINTE HISTORICAL SOCIETY, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $144K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $204K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO STIMULATE AND ENCOURAGE EDUCATION AND INTEREST IN THE GROSSE POINTE AREA AND ITS HISTORY, CUSTOMS, ARCHITECTURE, AND GOVERNMENT, AND THE PART THAT ITS INHABITANTS HAVE HAD IN THE SERVICE OF THEIR GOVERNMENT, AND THEIR CONTRIBUTIONS TO THE DEVELOPMENT OF OUR SOCIAL AND GOVERNMENTAL EXISTENCE.

Program Service Accomplishments

Program 1

Expenses: $161,952

TO PROVIDE GENERAL EDUCATION TO THE COMMUNITY ON THE HISTORY OF THE GROSSE POINTES.

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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 $83,434

Program Service Revenue $0

Investment Income $-5,009

Other Revenue $65,269

TOTAL REVENUE $143,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $161,952

Other Expenses $203,814

TOTAL EXPENSES $203,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,694	$120,955	+0.2%
Expenses	$203,814	$217,511	-0.1%
Net Income	$-60,120	$-96,556	-0.4%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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
STUART W GRIGG	BOARD MEMBER	20.00	Director	$0	$0	$0
THOMAS JONES II	BOARD MEMBER	5.00	Director	$0	$0	$0
ANN LOSHAW	BOARD MEMBER	5.00	Director	$0	$0	$0
PATRICIA E O'BRIEN PHD	BOARD MEMBER	5.00	Director	$0	$0	$0
LISA E WORLEY	BOARD MEMBER	5.00	Director	$0	$0	$0
VALERIE DODENHOFF	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHAEL MACMECHAN	BOARD MEMBER	5.00	Director	$0	$0	$0
MOLLY MCGRANE-CLEARY	BOARD MEMBER	5.00	Director	$0	$0	$0
LESLIE WAGNER	BOARD MEMBER	5.00	Director	$0	$0	$0
CHRISTIAN KIRBY	BOARD MEMBER	5.00	Director	$0	$0	$0
GEORGE BERGEN	BOARD MEMBER	5.00	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
2024	$143,694	$203,814	$1,290,447	$-60,120
2023	$120,955	$217,511	$1,382,609	$-96,556
2022	$143,120	$156,561	$1,478,834	$-13,441
2021	$155,828	$76,463	$1,169,980	$79,365
2020	$344,718	$53,525	$861,080	$291,193
2019	$226,438	$107,514	$631,664	$118,924
2018	$206,605	$182,782	$565,084	$23,823