GULL LAKE COMMUNITY SCHOOLS FOUNDAT

EIN: 382489077 501(c)(3) Education

RICHLAND, MI

Total Revenue
$294,046
Total Expenses
$279,685
Total Assets
$1,269,724
Net Assets
$1,269,724
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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
1984
Legal Domicile
MI
Principal Officer
JEANNE COMAR
Phone
2694885014
Tax Period
2024-07-01 to 2025-06-30

GULL LAKE COMMUNITY SCHOOLS FOUNDAT, founded in 1984, is a small nonprofit in the Education sector that reported $294K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $280K left a modest 5% surplus.

Mission

TO PARTNER WITH THE GULL LAKE COMMUNITY SCHOOLS TO EXPAND AND ENRICH EVERY STUDENT'S EXPERIENCE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $210,561
Program Service Revenue $0
Investment Income $83,485
Other Revenue $0
TOTAL REVENUE $294,046

Expense Breakdown

Grants Paid $238,734
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $247,539
Other Expenses $40,951
TOTAL EXPENSES $279,685

Year-over-Year Comparison

2024 2023 Change
Revenue $294,046 $213,434 +0.4%
Expenses $279,685 $218,887 +0.3%
Net Income $14,361 $-5,453 -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

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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
45

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
5
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEANNE COMAR CHAIRPERSON 1.00
Officer Director
$0 $0 $0
JAY GARSIDE CO - TREASURER 1.00
Officer Director
$0 $0 $0
MIKE BRUNDAGE CO - TREASURER 1.00
Officer Director
$0 $0 $0
BECKY ELDRIDGE SECRETARY 1.00
Officer Director
$0 $0 $0
STACY CLARK TRUSTEE 1.00
Director
$0 $0 $0
LINDA ENGLE TRUSTEE 1.00
Director
$0 $0 $0
SARAH LYSTER TRUSTEE 1.00
Director
$0 $0 $0
MARI DRAEGER TRUSTEE 1.00
Director
$0 $0 $0
CONNIE MCFEE TRUSTEE 1.00
Director
$0 $0 $0
AUDRA MISNER TRUSTEE 1.00
Director
$0 $0 $0
LAURIE KLOK TRUSTEE 1.00
Director
$0 $0 $0
KAREN KOETS TRUSTEE 1.00
Director
$0 $0 $0
BECKETT LOCKERBIE TRUSTEE 1.00
Director
$0 $0 $0
JOHN MCCANN TRUSTEE 1.00
Director
$0 $0 $0
PEGGY KENDRICK TRUSTEE 1.00
Director
$0 $0 $0
MARY EAST TRUSTEE 1.00
Director
$0 $0 $0
CHAD WALKER TRUSTEE 1.00
Director
$0 $0 $0
EMILY WILKE VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
MARY KAY PEDERSON TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER WEISS TRUSTEE 1.00
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
2025 $294,046 $279,685 $1,269,724 $14,361
2024 $213,434 $218,887 $1,255,363 $-5,453
2023 $310,118 $249,888 $1,260,816 $60,230
2022 $279,123 $228,050 $1,200,586 $51,073
2021 $221,701 $162,748 $1,149,513 $58,953
2020 $284,703 $221,073 $1,090,560 $63,630
2019 $184,316 $254,876 $1,026,930 $-70,560
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