GREAT LAKES COMMERCIAL FINANCE (EIN 382467385) - 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

1980

Legal Domicile

Principal Officer

JULIE PARKER

Phone

6164594825

Tax Period

2024-10-01 to 2025-09-30

GREAT LAKES COMMERCIAL FINANCE, founded in 1980, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Expenses of $2.2M left a modest 8% surplus.

Mission

STIMULATION OF ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF MICHIGAN BY PROMOTING AND ASSISTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS BY OFFERING FIXED ASSET FINANCING THROUGH THE SMALL BUSINESS ADMINISTRATION'S 504 LOAN PROGRAM.

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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 $2,068,412

Investment Income $288,450

Other Revenue $11,517

TOTAL REVENUE $2,368,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,706,177

Fundraising Expenses $0

Program Expenses $1,952,216

Other Expenses $475,255

TOTAL EXPENSES $2,181,432

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,368,379	$2,481,008	0.0%
Expenses	$2,181,432	$1,716,224	+0.3%
Net Income	$186,947	$764,784	-0.8%

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

$247,533

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG OOSTERHOUSE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE VANOMMEN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
STACEY STEPHENS	SECRETARY	1.00	Officer Director	$0	$0	$0
AMANDA MURRAY	TREASURER	1.00	Officer Director	$0	$0	$0
MITCHELL BLUE	TRUSTEE	1.00	Director	$0	$0	$0
OLIVIA LANCTOT	TRUSTEE	1.00	Director	$0	$0	$0
ROB ROBBINS	TRUSTEE	1.00	Director	$0	$0	$0
JULIE PARKER	PRESIDENT	40.00	Officer	$247,533	$0	$247,533

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	$2,368,379	$2,181,432	$5,337,240	$186,947
2024	$2,481,008	$1,716,224	$5,065,288	$764,784
2023	$2,071,600	$1,632,678	$4,330,695	$438,922
2022	$1,746,446	$1,881,702	$3,934,233	$-135,256
2021	$1,475,074	$1,494,327	$4,389,271	$-19,253
2020	$4,104,025	$1,607,755	$3,887,620	$2,496,270
2019	$1,383,793	$1,183,310	$1,406,085	$200,483
2018	$1,316,983	$1,150,626	$1,131,096	$166,357

GREAT LAKES COMMERCIAL FINANCE