GREAT LAKES ASSOCIATION OF COLLEGE

EIN: 382867895

SPRINGFIELD, IL

Total Revenue
$37,823
Total Expenses
$21,819
Total Assets
$183,347
Net Assets
$183,347
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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
1989
Legal Domicile
IL
Principal Officer
SARAH MEANEY
Tax Period
2019-07-01 to 2020-06-30

GREAT LAKES ASSOCIATION OF COLLEGE, founded in 1989, is a micro nonprofit that reported $38K in total revenue in fiscal year 2019. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $16K, a strong 42% operating margin.

Mission

EDUCATION & LEADERSHIP TRAINING

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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 (2019)

Revenue Breakdown

Contributions & Grants $37,716
Program Service Revenue $0
Investment Income $107
Other Revenue $0
TOTAL REVENUE $37,823

Expense Breakdown

Grants Paid $1,100
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $21,819
Other Expenses $20,719
TOTAL EXPENSES $21,819

Year-over-Year Comparison

2019 2018 Change
Revenue $37,823 $45,773 -0.2%
Expenses $21,819 $37,600 -0.4%
Net Income $16,004 $8,173 +1.0%
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
5
Independent Members
5
Employees
N/A
Volunteers
25

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYLEEN AMMERMAN SECRETARY 2.00
Officer
$0 $0 $0
ERIC MUSSELMAN PAST PRESIDENT 2.00
Officer
$0 $0 $0
SARAH MEANEY PRESIDENT 2.00
Officer
$0 $0 $0
BRIAN KELLY TREASURER 5.00
Officer
$0 $0 $0
ROBIN GAGNOW PRESIDENT ELECT 0.00
Officer
$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
2020 $37,823 $21,819 $183,347 $16,004
2019 $45,773 $37,600 $167,343 $8,173
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