GREAT LAKES CENTER FOUNDATION

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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

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

TO RECEIVE AND ADMINISTER FUNDS FOR THE ACQUISITION AND DEVELOPMENT OF REAL ESTATE IN BAY COUNTY, MI, FOR THE PUBLIC WELFARE AND BETTERMENT OF THE LOCAL COMMUNITY. USES MAY INCLUDE PARK, WALKWAYS, BEAUTIFICATION OF GREENBELTS AND OPEN SPACES, SITES FOR CHARITABLE ORGANIZATIONS, URBAN DEVELOPMENT AND ENHANCEMENT OF EMPLOYMENT OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,624,665 Revenue: $40,897

DEVELOPMENT AND MAINTENANCE OF REAL ESTATE IN BAY COUNTY, MICHIGAN, FOR THE PUBLIC WELFARE AND BETTERMENT OF THE LOCAL 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 (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

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
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