GRAND RAPIDS COMMUNITY FOUNDATION (EIN 382877959) - 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

1922

Legal Domicile

Principal Officer

LASANDRA GADDY

Phone

6164541751

Tax Period

2023-07-01 to 2024-06-30

GRAND RAPIDS COMMUNITY FOUNDATION, founded in 1922, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $27.9M in total revenue in fiscal year 2023. Revenue surged 219% from the prior year, signaling strong growth momentum. Expenses of $23.8M left a modest 15% surplus.

Mission

TO BUILD THE CAPACITY OF THE NONPROFIT SECTOR, THE COMMUNITY FOUNDATION INVESTS IN INNOVATIVE MODELS, PROVEN PROGRAMS, POLICY AND ADVOCACY EFFORTS THROUGHOUT KENT COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,124,133

Program Service Revenue $0

Investment Income $11,721,258

Other Revenue $41,011

TOTAL REVENUE $27,886,402

Expense Breakdown

Grants Paid $16,078,689

Salaries & Benefits $4,057,819

Fundraising Expenses $1,480,906

Program Expenses $17,808,638

Other Expenses $3,618,276

TOTAL EXPENSES $23,754,784

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,886,402	$8,730,097	+2.2%
Expenses	$23,754,784	$24,643,946	0.0%
Net Income	$4,131,618	$-15,913,849	-1.3%

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

265

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

$1,143,510

Total Directors

$112,369

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHNGERLYN YOUNG	PHILANTHROPIC SERVICE DIRECTOR	37.50	Officer Director	$105,749	$6,620	$112,369
RENEE WILLIAMS	CHAIR	1.00	Officer Director	$0	$0	$0
CAITLIN TOWNSEND LAMB	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KYLE CALDWELL	SECRETARY	1.00	Director	$0	$0	$0
BRANDY LOVELADY MITCHELL	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN VOGELSANG	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
KEN FAWCETT	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS KYROS	TRUSTEE	1.00	Director	$0	$0	$0
EMILY LOEKS	TRUSTEE	1.00	Director	$0	$0	$0
ANA RAMIREZ-SAENZ	TRUSTEE	1.00	Director	$0	$0	$0
ALEXANDRIA SMITH	TRUSTEE	1.00	Director	$0	$0	$0
ISABEL LANDERO	TRUSTEE	1.00	Director	$0	$0	$0
DIANA SIEGER	PRESIDENT - PART YEAR	50.00	Officer	$310,814	$21,383	$332,197
LASANDRA GADDY	PRESIDENT	50.00	Officer	$0	$0	$0
STAN VANDER ROEST	CFO/TREASURER	37.50	Officer	$188,319	$15,015	$203,334
MARILYN ZACK	VICE PRESIDENT	37.50	Officer	$172,324	$13,634	$185,958
KATE LUCKERT SCHMID	VICE PRESIDENT	37.50	Officer	$156,938	$11,281	$168,219
ASHLEY LEE	VICE PRESIDENT	37.50	Officer	$131,496	$9,937	$141,433
DANIELLE BROWN	FINANCE DIRECTOR	37.50	Highest	$133,291	$8,165	$141,456
CHRISTINE KUTZLI	PROGRAM DIRECTOR	37.50	Highest	$123,085	$7,395	$130,480

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	$27,886,402	$23,754,784	$446,007,139	$4,131,618
2023	$8,730,097	$24,643,946	$404,141,821	$-15,913,849
2022	$51,066,997	$23,362,464	$385,135,007	$27,704,533
2021	$49,247,168	$25,153,650	$425,971,455	$24,093,518
2020	$27,302,311	$19,728,087	$339,948,284	$7,574,224
2019	$20,780,936	$19,901,597	$346,436,963	$879,339

GRAND RAPIDS COMMUNITY FOUNDATION