FREDERIK MEIJER GARDENS & SCULPTURE FOUNDATION (EIN 383118579) - 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

1992

Legal Domicile

Principal Officer

MICHAEL A GAUDINO

Phone

6163912800

Tax Period

2023-01-01 to 2023-12-31

FREDERIK MEIJER GARDENS & SCULPTURE FOUNDATION, founded in 1992, is a community nonprofit in the Environment sector that reported $7.0M in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Net assets of $176.9M represent 304 months of operating reserves.

Mission

THE FREDERIK MEIJER GARDENS & SCULPTURE FOUNDATION IS A SINGLE PURPOSE FOUNDATION WITH AN ENDOWMENT FUND TO SUPPORT THE FREDERIK MEIJER GARDENS & SCULPTURE PARK. THE MOST SIGNIFICANT ACTIVITIES FOR THE YEAR WERE THE INVESTMENT DECISIONS FOR THE ENDOWMENT FUND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,425,771

Program Service Revenue $0

Investment Income $3,560,147

Other Revenue $5,016

TOTAL REVENUE $6,990,934

Expense Breakdown

Grants Paid $6,767,404

Salaries & Benefits $0

Fundraising Expenses $39,961

Program Expenses $7,140,052

Other Expenses $544,621

TOTAL EXPENSES $7,312,025

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,990,934	$15,873,533	-0.6%
Expenses	$7,312,025	$7,457,530	0.0%
Net Income	$-321,091	$8,416,003	-1.0%

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
JOHN G BAAB	DIRECTOR	1.00	Director	$0	$0	$0
TAMARA BAILEY	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM J BOER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SARALYN COUPE	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL S DAMSTRA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL A GAUDINO	TREASURER	1.50	Officer Director	$0	$0	$0
CHRISTOPHER J CALDWELL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL R JULIEN	PRESIDENT	4.00	Officer Director	$0	$0	$0
AMY L KEANE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN P MAINE	DIRECTOR	1.00	Director	$0	$0	$0
HENDRIK G MEIJER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF PADNOS	DIRECTOR	1.00	Director	$0	$0	$0
SUSANNE T VEENEMAN	EXECUTIVE DI	15.00	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
2024	No data	No data	No data	No data
2023	$6,990,934	$7,312,025	$177,615,031	$-321,091
2022	$15,873,533	$7,457,530	$158,557,734	$8,416,003
2021	$16,971,285	$6,065,500	$177,864,524	$10,905,785
2020	$13,759,706	$5,637,320	$157,742,330	$8,122,386
2019	$9,790,641	$5,623,528	$141,789,460	$4,167,113
2018	$12,015,535	$5,266,447	$120,251,893	$6,749,088

FREDERIK MEIJER GARDENS & SCULPTURE FOUNDATION