GRAND TRAVERSE AFC INC (EIN 382356521) - Form 990 Financial Analysis & Trantor Score

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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

1981

Legal Domicile

Principal Officer

HYACINTH AKUNNE

Tax Period

2024-10-01 to 2025-09-30

GRAND TRAVERSE AFC INC, founded in 1981, is a small nonprofit in the Human Services sector that reported $280K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $329K exceeded revenue, resulting in a 18% operating deficit.

Mission

24 HOUR RESIDENTIAL SERVICES TO ADULT WITH MENTAL ILLNESS

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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 $0

Program Service Revenue $280,265

Investment Income $0

Other Revenue $0

TOTAL REVENUE $280,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,582

Fundraising Expenses $0

Program Expenses $300,341

Other Expenses $86,907

TOTAL EXPENSES $329,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,265	$296,060	-0.1%
Expenses	$329,489	$321,365	+0.0%
Net Income	$-49,224	$-25,305	+0.9%

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

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
JOSEPH NWABUEZE	CHAIRPERSON	0.00	Officer Director	$0	$0	$0
JANE PATRICK	SECRETARY	0.00	Officer Director	$0	$0	$0
MARK BLISS	TREASURER	0.00	Officer Director	$0	$0	$0
HYACINTH AKUNNE	PRESIDENT	10.00	Officer	$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
2025	$280,265	$329,489	$12,809	$-49,224
2024	$296,060	$321,365	$21,360	$-25,305
2023	$321,517	$275,427	$38,052	$46,090
2022	$328,499	$274,633	$29,273	$53,866
2021	$234,340	$256,755	$14,649	$-22,415
2020	$156,788	$247,163	$34,906	$-90,375
2019	$212,324	$191,406	$10,547	$20,918
2018	$211,966	$171,407	$9,894	$40,559

GRAND TRAVERSE AFC INC