GRAND RAPIDS PUBLIC MUSEUM FOUNDATION (EIN 382837266) - 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

1988

Legal Domicile

Principal Officer

DALE ROBERTSON

Phone

6169291700

Tax Period

2024-07-01 to 2025-06-30

GRAND RAPIDS PUBLIC MUSEUM FOUNDATION, founded in 1988, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.0M in total revenue in fiscal year 2024. Revenue surged 182% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.9M, a strong 74% operating margin.

Mission

THE PRIMARY ROLE OF THE GRAND RAPIDS PUBLIC MUSEUM FOUNDATION IS FUNDRAISING FOR THE GRAND RAPIDS PUBLIC MUSEUM, BUT IT ALSO HAS OVERALL RESPONSIBILITY FOR THE CURRENT AND LONG-TERM VIABILITY OF THE ORGANIZATION.

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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 $9,232,242

Program Service Revenue $0

Investment Income $2,802,802

Other Revenue $-12,102

TOTAL REVENUE $12,022,942

Expense Breakdown

Grants Paid $2,031,514

Salaries & Benefits $0

Fundraising Expenses $173,885

Program Expenses $2,826,514

Other Expenses $1,067,746

TOTAL EXPENSES $3,147,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,022,942	$4,269,804	+1.8%
Expenses	$3,147,260	$1,611,210	+1.0%
Net Income	$8,875,682	$2,658,594	+2.3%

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

N/A

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

$372,620

Total Directors

$247,799

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINSEY GLEASON	CHAIR	1.00	Officer Director	$0	$0	$0
ERIC FISCHER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICH NOREEN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KATIE DEBOER	DIRECTOR	1.00	Director	$0	$0	$0
MARLIN FEYEN	DIRECTOR	1.00	Director	$0	$0	$0
YURI VEGA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HAVEMAN	DIRECTOR	1.00	Director	$0	$0	$0
STUART BERMAN	DIRECTOR	1.00	Director	$0	$0	$0
FREDRIC N GOLDBERG	DIRECTOR	1.00	Director	$0	$0	$0
GAVIN MOHR	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA PORTER JANES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID M LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
LYMAN S PARKS JR	DIRECTOR	1.00	Director	$0	$0	$0
CAMERON YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
DALE ROBERTSON	PRESIDENT/CEO	1.00	Officer Director	$0	$15,330	$247,799
SHELBY RENO	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY SLAGBOOM	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE BEHRENWALD	DIRECTOR	1.00	Director	$0	$0	$0
RON YOB	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN RYDECKI	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE DANDRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
JULIE WESTRA	DIRECTOR	1.00	Director	$0	$0	$0
RONA CASWELL	DIRECTOR	1.00	Director	$0	$0	$0
DR GILDA GELY	DIRECTOR	1.00	Director	$0	$0	$0
DR JESSE BERNAL	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA BRADLEY	DIRECTOR THROUGH 12/31/24	1.00	Director	$0	$0	$0
JENNIFER MERCHANT	DIRECTOR THROUGH 12/31/24	1.00	Director	$0	$0	$0
KAREN WILBURN	CFO & VP OF ADMINISTRATION	1.00	Officer	$0	$329	$124,821
MARI BETH JOHNSON-JELKS	VP OF HUMAN RESOURCES	1.00	Highest	$0	$6,438	$122,937
STEPHANIE OGREN	VP OF SCIENCE & EDUCATION	1.00	Highest	$0	$6,438	$106,892

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	$12,022,942	$3,147,260	$73,721,526	$8,875,682
2024	$4,269,804	$1,611,210	$59,574,766	$2,658,594
2023	$2,532,161	$1,416,786	$52,089,828	$1,115,375
2022	$3,228,941	$1,586,778	$47,162,560	$1,642,163
2021	$1,737,904	$833,232	$50,082,607	$904,672
2020	$1,429,720	$806,972	$41,014,904	$622,748
2019	$1,418,673	$844,147	$40,540,987	$574,526
2018	$1,595,223	$884,831	$37,772,145	$710,392

GRAND RAPIDS PUBLIC MUSEUM FOUNDATION