ROTARY CLUB OF GRAND RAPIDS- CHARITIES FOUNDATION (EIN 382901629) - 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

Neil Marchand

Phone

6164595640

Tax Period

2024-01-01 to 2024-12-31

ROTARY CLUB OF GRAND RAPIDS- CHARITIES FOUNDATION, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $191K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. Net assets of $1.6M represent 98 months of operating reserves.

Mission

ASSISTING YOUTH PROGRAMS COMPLETING SERVICE PROJECTS IN THE COMMUNITY

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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 $163,902

Program Service Revenue $0

Investment Income $43,442

Other Revenue $-16,099

TOTAL REVENUE $191,245

Expense Breakdown

Grants Paid $171,783

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $171,783

Other Expenses $32,531

TOTAL EXPENSES $204,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$191,245	$122,019	+0.6%
Expenses	$204,314	$113,977	+0.8%
Net Income	$-13,069	$8,042	-2.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL MARCHAND	PRESIDENT AND TRUSTEE	0.20	Officer Director	$0	$0	$0
TOM BYLENGA	VICE PRESIDENT AND TRUSTEE	0.20	Officer Director	$0	$0	$0
BRIAN LAFRENIER	TREASURER	0.40	Officer	$0	$0	$0
GRACE SHEARER	SECRETARY	0.30	Officer	$0	$0	$0
MICHAEL SYTSMA	EX-OFFICIO	0.20	Director	$0	$0	$0
JOEL HONDORP	AT LARGE	0.20	Director	$0	$0	$0
JON HANKINS	TRUSTEE	0.20	Director	$0	$0	$0
BRUCE YOUNG	TRUSTEE	0.20	Director	$0	$0	$0
CHELSEA DUBEY	TRUSTEE	0.20	Director	$0	$0	$0
PING LIANG	TRUSTEE	0.20	Director	$0	$0	$0
ANDY DEVRIES	TRUSTEE	0.20	Director	$0	$0	$0
JACKIE TAYLOR	TRUSTEE	0.20	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	$191,245	$204,314	$1,566,786	$-13,069
2023	$122,019	$113,977	$1,470,560	$8,042
2022	$149,165	$101,214	$1,343,669	$47,951
2021	$141,494	$162,344	$1,565,603	$-20,850
2020	$70,937	$79,890	$1,478,399	$-8,953
2019	$146,696	$86,881	$1,334,231	$59,815
2018	$171,097	$96,197	No data	$74,900

ROTARY CLUB OF GRAND RAPIDS- CHARITIES FOUNDATION