GRAND RAPIDS EMPLOYEES INDEPENDENT UNION (EIN 382750593) - 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

1987

Legal Domicile

Principal Officer

JEFF BEKE

Phone

6162359727

Tax Period

2024-07-01 to 2025-06-30

GRAND RAPIDS EMPLOYEES INDEPENDENT UNION, founded in 1987, is a small nonprofit that reported $500K in total revenue in fiscal year 2024. Net assets of $1.1M represent 26 months of operating reserves.

Mission

BARGAINING UNIT FOR THE CITY OF GRAND RAPIDS MI MUNICIPAL EMPLOYEES

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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 $460,971

Investment Income $12,979

Other Revenue $25,836

TOTAL REVENUE $499,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,617

Fundraising Expenses $0

Other Expenses $221,431

TOTAL EXPENSES $508,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$499,786	$513,708	0.0%
Expenses	$508,048	$513,467	0.0%
Net Income	$-8,262	$241	-35.3%

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

$21,304

Total Directors

$28,792

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BEKE	PRESIDENT	5.00	Officer Director	$5,174	$0	$5,174
JERRY TOOGOOD	1ST VICE PRE	N/A	Officer Director	$4,446	$0	$4,446
JACOB VASQUEZ	2ND VICE PRE	N/A	Officer Director	$4,196	$0	$4,196
DON POWELL	TREASURER	N/A	Officer Director	$3,744	$0	$3,744
AMY DECKER	SECRETARY	N/A	Officer Director	$3,744	$0	$3,744
TODD CARNEVALE	SARGENT AT A	N/A	Director	$1,560	$0	$1,560
RYAN GROTH	MEMBER-AT-LA	N/A	Director	$1,326	$0	$1,326
ANDY KOTER	MEMBER-AT-LA	N/A	Director	$1,326	$0	$1,326
BELINDA MURRAY	TRUSTEE	N/A	Director	$1,092	$0	$1,092
JESSIE STERLING	TRUSTEE	N/A	Director	$1,092	$0	$1,092
BECKY BUSS	TRUSTEE	N/A	Director	$1,092	$0	$1,092

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	$499,786	$508,048	$1,079,506	$-8,262
2024	$513,708	$513,467	$1,105,101	$241
2023	$450,031	$452,524	$1,089,714	$-2,493
2022	$432,900	$320,360	$1,094,977	$112,540
2021	$427,700	$271,982	$974,992	$155,718
2020	$401,614	$345,069	$819,360	$56,545
2019	$380,467	$306,816	$763,845	$73,651

GRAND RAPIDS EMPLOYEES INDEPENDENT UNION