BROADWAY GRAND RAPIDS

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

DAVID SKIDMORE

Phone

6162356285

Tax Period

2023-07-01 to 2024-06-30

BROADWAY GRAND RAPIDS, founded in 1988, is a mid-sized nonprofit that reported $15.1M in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. Expenses of $14.3M left a modest 5% surplus.

Mission

TO PRESENT WEST MICHIGAN AUDIENCES WITH HIGH QUALITY BROADWAY PRODUCTIONS AND TO PROVIDE STUDENT ARTS EDUCATION PROGRAMS, ENRICHING THE COMMUNITY THROUGH PROFESSIONAL PERFORMING ARTS, AS WELL AS TO EXPAND THE DIVERSITY OF THEATRE IN THE AREA AT A COST BELOW OTHER MAJOR CITIES.

Program Service Accomplishments

Program 1

Expenses: $13,885,236 Revenue: $14,457,324

BGR PRESENTED 7 SHOWS WITH 171,000 ATTENDEES OVER 80 PERFORMANCES. BGR SURPASSED PROJECTED TICKET SALES FOR THE SEASON.THROUGH OUR ARTS ACCESS PROGRAMS, WE WERE ABLE TO OFFER OVER 1300 TICKETS TO...

BGR PRESENTED 7 SHOWS WITH 171,000 ATTENDEES OVER 80 PERFORMANCES. BGR SURPASSED PROJECTED TICKET SALES FOR THE SEASON.THROUGH OUR ARTS ACCESS PROGRAMS, WE WERE ABLE TO OFFER OVER 1300 TICKETS TO MORE THAN 25 LOCAL TITLE 1 SCHOOLS, NON-PROFIT COMMUNITY ORGANIZATIONS & QUALIFYING HOUSEHOLDS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $389,800

Program Service Revenue $14,624,426

Investment Income $108,482

Other Revenue $11,423

TOTAL REVENUE $15,134,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $584,734

Fundraising Expenses $123,124

Program Expenses $13,885,236

Other Expenses $13,762,127

TOTAL EXPENSES $14,346,861

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,134,131	$7,084,294	+1.1%
Expenses	$14,346,861	$6,386,999	+1.2%
Net Income	$787,270	$697,295	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$271,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SKIDMORE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
INDIA MANNS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARCIA BOYCE	TREASURER	1.00	Director	$0	$0	$0
KENNETH PARRISH	DIRECTOR	1.00	Director	$0	$0	$0
ROB DEGROOT	DIRECTOR	1.00	Director	$0	$0	$0
DR TAMMY BORN-HUIZENGA	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GILBERT	DIRECTOR	1.00	Director	$0	$0	$0
ARLEN GADDY	DIRECTOR	1.00	Director	$0	$0	$0
KYLA KING	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HELMINSKI	DIRECTOR	1.00	Director	$0	$0	$0
DAN FULLER	DIRECTOR	1.00	Director	$0	$0	$0
OMAR HALL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HAWKS	DIRECTOR	1.00	Director	$0	$0	$0
SUE JANDERNOA	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
CAITLIN FARRELL	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN HALE	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL LAUG	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE SCHULZ	DIRECTOR	1.00	Director	$0	$0	$0
GRANT PECOR	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MCMAHON	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY PIETRYGA	DIRECTOR	1.00	Director	$0	$0	$0
JULIE BRINKS	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE SHARPE JR	DIRECTOR	1.00	Director	$0	$0	$0
RICH SOROTA	DIRECTOR	1.00	Director	$0	$0	$0
MARY SLAFKOSKY	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA STEKETEE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WEBB	DIRECTOR	1.00	Director	$0	$0	$0
MONICA STEIMLE-APP	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCNINCH	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN DISTEL	PRESIDENT/CEO	40.00	Officer	$135,350	$39,673	$175,023
JENNIFER PASCUA	MARKETING DIRECTOR	40.00	Officer	$82,580	$13,479	$96,059

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	No data	No data	No data	No data
2024	$15,134,131	$14,346,861	$3,901,074	$787,270
2023	$7,084,294	$6,386,999	$3,333,598	$697,295
2022	$10,542,854	$9,713,446	$2,541,945	$829,408
2021	$417,924	$574,389	$1,992,244	$-156,465
2020	$13,547,749	$11,468,421	$2,343,299	$2,079,328
2019	$6,149,269	$5,478,786	$6,119,381	$670,483