GRAND RAPIDS PUBLIC SCHOOLS FOUNDATION (EIN 383137984) - 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

1993

Legal Domicile

Principal Officer

STEPHANIE ANDREWS

Phone

6168196895

Tax Period

2024-07-01 to 2025-06-30

GRAND RAPIDS PUBLIC SCHOOLS FOUNDATION, founded in 1993, is a small nonprofit in the Education sector that reported $660K in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 105% operating deficit.

Mission

RAISING AND STEWARDING FUNDS TO SUPPORT GRAND RAPIDS PUBLIC SCHOOLS STUDENTS.

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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 $653,147

Program Service Revenue $146,625

Investment Income $138,400

Other Revenue $-277,820

TOTAL REVENUE $660,352

Expense Breakdown

Grants Paid $900,761

Salaries & Benefits $285,951

Fundraising Expenses $175,112

Program Expenses $1,015,335

Other Expenses $169,915

TOTAL EXPENSES $1,356,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$660,352	$691,732	0.0%
Expenses	$1,356,627	$1,458,302	-0.1%
Net Income	$-696,275	$-766,570	-0.1%

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

Volunteers

387

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

$130,010

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MISTI STANTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
MONICA STEIMLE-APP	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY TURNER-THOLE	SECRETARY	1.00	Officer Director	$0	$0	$0
GRETCHEN MOUSEL	TREASURER	2.00	Officer Director	$0	$0	$0
ANNE MARIE CARSON	DIRECTOR	1.00	Director	$0	$0	$0
CHARISSA HUANG	DIRECTOR	1.00	Director	$0	$0	$0
GREG RIOS	DIRECTOR	1.00	Director	$0	$0	$0
JOE DIBENEDETTO	DIRECTOR	1.00	Director	$0	$0	$0
MAX GIBBS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HUFF	DIRECTOR	1.00	Director	$0	$0	$0
BRENDAN GEARY	DIRECTOR	1.00	Director	$0	$0	$0
PETER KNOESTER	DIRECTOR	1.00	Director	$0	$0	$0
SOMMAR BOESE	DIRECTOR	1.00	Director	$0	$0	$0
TIM DUFLO	DIRECTOR	1.00	Director	$0	$0	$0
TONY BAKER	DIRECTOR	1.00	Director	$0	$0	$0
ALEXIS REAME	DIRECTOR	1.00	Director	$0	$0	$0
EMILY CANTOR	DIRECTOR	1.00	Director	$0	$0	$0
DR LEADRIANE ROBY	EX OFFICIO DIRECTOR	1.00	Director	$0	$0	$0
MATT MARLOW	EX OFFICIO DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE ANDREWS	PRESIDENT/CEO	40.00	Officer	$121,550	$8,460	$130,010
JAVIER CERVANTES	DIRECTOR	1.00	Director	$0	$0	$0
RAYNARD ROSS	DIRECTOR	1.00	Director	$0	$0	$0
DR LISA LOWERY	DIRECTOR	1.00	Director	$0	$0	$0
JERMALE EDDY	DIRECTOR	1.00	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
2025	$660,352	$1,356,627	$3,569,793	$-696,275
2024	$691,732	$1,458,302	$4,002,298	$-766,570
2023	$893,841	$2,260,201	$5,111,558	$-1,366,360
2022	$4,898,326	$2,302,747	$7,185,647	$2,595,579
2021	$3,862,472	$4,604,917	$4,886,118	$-742,445
2019	$3,660,180	$5,113,418	$4,482,151	$-1,453,238

GRAND RAPIDS PUBLIC SCHOOLS FOUNDATION