EAST GRAND RAPIDS SCHOOLS FOUNDATION (EIN 382486451) - 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

1983

Legal Domicile

Principal Officer

CAROLINE R WALTON

Phone

6162353535

Tax Period

2024-07-01 to 2025-06-30

EAST GRAND RAPIDS SCHOOLS FOUNDATION, founded in 1983, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $3.5M exceeded revenue, resulting in a 90% operating deficit.

Mission

THE EAST GRAND RAPIDS SCHOOLS FOUNDATION ENRICHES THE EXPERIENCE OF ALL STUDENTS BY INVESTING IN PROGRAMS AND EDUCATIONAL ENHANCEMENTS THAT SUPPORT THE WHOLE CHILD.

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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 $619,734

Program Service Revenue $0

Investment Income $1,256,709

Other Revenue $-57,146

TOTAL REVENUE $1,819,297

Expense Breakdown

Grants Paid $2,750,425

Salaries & Benefits $460,812

Fundraising Expenses $300,531

Program Expenses $2,952,536

Other Expenses $238,994

TOTAL EXPENSES $3,450,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,819,297	$1,715,905	+0.1%
Expenses	$3,450,231	$1,076,774	+2.2%
Net Income	$-1,630,934	$639,131	-3.6%

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

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

$129,804

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BLOWER	TREASURER	4.00	Officer Director	$0	$0	$0
DAVID HALL	GRANTS CO-CHAIR	4.00	Director	$0	$0	$0
DR HEIDI S KATTULA	EX-OFFICIO MEMEBER	4.00	Director	$0	$0	$0
MICHELLE KIRK	DIRECTOR	4.00	Director	$0	$0	$0
AMY KNAPE	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
ROB KOWALESKI	DIRECTOR	4.00	Director	$0	$0	$0
LISA LOVELL	DIRECTOR	4.00	Director	$0	$0	$0
JENNY MCMAHON	PRESIDENT	4.00	Officer Director	$0	$0	$0
JIM SEUFERT	DIRECTOR	4.00	Director	$0	$0	$0
TAMMY SHREINER	GRANTS CO-CHAIR	4.00	Director	$0	$0	$0
CARRIE WALTON	DIRECTOR	4.00	Director	$0	$0	$0
BETH CHAPPUS	DIRECTOR	4.00	Director	$0	$0	$0
JENA LACKS	DEVELOPMENT CHAIR	4.00	Director	$0	$0	$0
AMANDA ROGALSKI	DIRECTOR	4.00	Director	$0	$0	$0
AMY TURNER- THOLE	EX-OFFICIO MEMBER	4.00	Director	$0	$0	$0
LAURIE DUTHIE	DIRECTOR	4.00	Director	$0	$0	$0
ROBERT HUFF	DIRECTOR	4.00	Director	$0	$0	$0
LAUREN JACOBY	DIRECTOR	4.00	Director	$0	$0	$0
AUDREY KRAJEWSKI	DIRECTOR	4.00	Director	$0	$0	$0
ALISSANDRA KRUER	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL TERHORST	DIRECTOR	4.00	Director	$0	$0	$0
MARISSA CLARK	DIRECTOR	4.00	Director	$0	$0	$0
KELLY PLAWINSKI	DIRECTOR	4.00	Director	$0	$0	$0
TANYON SANDERS	DIRECTOR	4.00	Director	$0	$0	$0
AMY STUURSMA	EXECUTIVE DIRECTOR	40.00	Officer	$129,804	$0	$129,804

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	$1,819,297	$3,450,231	$17,521,186	$-1,630,934
2024	$1,715,905	$1,076,774	$17,205,970	$639,131
2023	$1,978,445	$914,401	$15,607,102	$1,064,044
2022	$1,160,600	$857,702	$13,351,645	$302,898
2021	$1,081,662	$1,230,892	$14,501,545	$-149,230
2020	$820,286	$572,123	$11,959,581	$248,163
2019	$3,340,729	$729,602	$11,407,553	$2,611,127
2018	$3,472,831	$867,170	$8,038,071	$2,605,661

EAST GRAND RAPIDS SCHOOLS FOUNDATION