GREAT LAKES INDEPENDENT BOOKSELLERS (EIN 382999974) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

LARRY LAW

Phone

6308418129

Tax Period

2020-04-01 to 2021-03-31

GREAT LAKES INDEPENDENT BOOKSELLERS, founded in 1991, is a small nonprofit that reported $144K in total revenue in fiscal year 2020. The organization ran a surplus of $36K, a strong 25% operating margin.

Mission

EDUCATION TO PROMOTE LITERACY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $136,247

Investment Income $7,638

Other Revenue $0

TOTAL REVENUE $143,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,561

Fundraising Expenses $0

Other Expenses $34,901

TOTAL EXPENSES $107,462

Year-over-Year Comparison

	2020	2019	Change
Revenue	$143,885	$150,696	0.0%
Expenses	$107,462	$140,147	-0.2%
Net Income	$36,423	$10,549	+2.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY LAW	EXECUTIVE DIRECTOR	040.00	Officer	$60,000	$0	$60,000
LYNN MOONEY WOMEN CHILDREN FIRST	PRESIDENT	N/A	Officer Director	$0	$0	$0
TIM SMITH SCHULER BOOKS AND MUSIC	VICE-PRESIDENT	N/A	Officer Director	$0	$0	$0
DAVID UNDERWOOD	SECRETARY	N/A	Officer Director	$0	$0	$0
MELISSA WEINBERG MACMILLAN	TREASURER	N/A	Officer Director	$0	$0	$0
JOANNA PARZAKONIS THIS IS A BOOKSTO	MEMBER	N/A	Director	$0	$0	$0
ALYSON TURNER SOURCE BOOKSELLERS	MEMBER	N/A	Director	$0	$0	$0
KATHY BURNETTE BRAIN LAIR BOOKSELLE	MEMBER	N/A	Director	$0	$0	$0
MELIA WOLF COVER TO COVER CHILDREN'	MEMBER	N/A	Director	$0	$0	$0
JOHANNA HYNES IPSPGWTWO RIVERS DIST	MEMBER	N/A	Director	$0	$0	$0
SUE BOUCHER COTTAGE BOOK SHOP	MEMBER	N/A	Director	$0	$0	$0
JENNY CLINES SEMINARY CO-OP	MEMBER	N/A	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
2021	$143,885	$107,462	$281,124	$36,423
2020	$150,696	$140,147	$253,871	$10,549
2019	$181,375	$144,535	$239,142	$36,840
2018	$139,175	$118,265	$199,501	$20,910

GREAT LAKES INDEPENDENT BOOKSELLERS