GREAT LAKES CENTER FOUNDATION

EIN: 383106351 501(c)(3)

BAY CITY, MI

Total Revenue
$41,043
Total Expenses
$1,635,394
Total Assets
$29,289
Net Assets
$28,824
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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
1992
Legal Domicile
MI
Principal Officer
JEROME YANTZ
Phone
9898934438
Tax Period
2018-01-01 to 2018-12-31

GREAT LAKES CENTER FOUNDATION, founded in 1992, is a micro nonprofit that reported $41K in total revenue in fiscal year 2018. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 3885% operating deficit.

Mission

RECEIVES AND ADMINISTERS FUNDS FOR THE ACQUISITION AND DEVELOPMENT OF REAL ESTATE.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $146
Other Revenue $40,897
TOTAL REVENUE $41,043

Expense Breakdown

Grants Paid $1,562,320
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,624,665
Other Expenses $73,074
TOTAL EXPENSES $1,635,394

Year-over-Year Comparison

2018 2017 Change
Revenue $41,043 $100,657 -0.6%
Expenses $1,635,394 $180,448 +8.1%
Net Income $-1,594,351 $-79,791 +19.0%
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
5

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANE FONG DIRECTOR 1.00
Director
$0 $0 $0
AL MCFADYEN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JEROME YANTZ PRESIDENT 2.00
Officer Director
$0 $0 $0
MITZI DIMITROFF DIRECTOR 1.00
Director
$0 $0 $0
GARY LABADIE DIRECTOR 1.00
Director
$0 $0 $0
SUZANN JENSEN TREASURER/SECRETARY 5.00
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
2018 $41,043 $1,635,394 $29,289 $-1,594,351
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