GRAND RAPIDS OPPORTUNITIES FOR WOMEN

EIN: 382886028 501(c)(3)

GRAND RAPIDS, MI

Total Revenue
$1,437,200
Total Expenses
$927,727
Total Assets
$3,360,215
Net Assets
$2,427,204
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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
MI
Principal Officer
MILINDA YSASI
Phone
6164583404
Tax Period
2024-01-01 to 2024-12-31

GRAND RAPIDS OPPORTUNITIES FOR WOMEN, founded in 1989, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $509K, a strong 35% operating margin.

Mission

GROW COMMITS TO A FUTURE WHERE SMALL BUSINESS OWNERSHIP CAN BE REALIZED AS A PATHWAY TO WEALTH CREATION. WE STRIVE TO PROVIDE CAPITAL AND KNOWLEDGE THAT IS INFORMED THROUGH CURIOSITY AND AUTHENTIC RELATIONSHIPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,323,975
Program Service Revenue $110,205
Investment Income $3,020
Other Revenue $0
TOTAL REVENUE $1,437,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $649,832
Fundraising Expenses $79,250
Program Expenses $721,477
Other Expenses $271,957
TOTAL EXPENSES $927,727

Year-over-Year Comparison

2024 2023 Change
Revenue $1,437,200 $1,069,006 +0.3%
Expenses $927,727 $876,221 +0.1%
Net Income $509,473 $192,785 +1.6%
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
9
Independent Members
9
Employees
11
Volunteers
11

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
$111,368
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MILINDA YSASI CHIEF EXEC. 40.00
Officer
$111,300 $68 $111,368
KAREN BRITNER DIRECTOR 0.50
Director
$0 $0 $0
TRACEY BURKE DIRECTOR (PA 0.50
Director
$0 $0 $0
SHANNON COHEN DIRECTOR (PA 0.50
Director
$0 $0 $0
KENIA ESPINOZA DIRECTOR 0.50
Director
$0 $0 $0
FLORIZA GENAUTIS DIRECTOR 0.50
Director
$0 $0 $0
MONICA KREIGER DIRECTOR 0.50
Director
$0 $0 $0
ZARA SMITH DIRECTOR 0.50
Director
$0 $0 $0
LACHAUN STEVERSON PRESIDENT 2.00
Officer Director
$0 $0 $0
MCKENZIE VANPATTEN SECRETARY 1.00
Officer Director
$0 $0 $0
JULIE WESTRA VICE PRESIDE 1.00
Officer Director
$0 $0 $0
LIZ ZIESMER TREASURER 1.00
Officer Director
$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
2024 $1,437,200 $927,727 $3,360,215 $509,473
2023 $1,069,006 $876,221 $2,666,345 $192,785
2022 $1,075,296 $906,720 $2,506,085 $168,576
2021 $848,834 $882,761 $2,683,155 $-33,927
2020 $1,493,475 $890,049 $2,806,851 $603,426
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