GRAND TRAVERSE BAY WATERSHED INITI… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

JEANINE EASTERDAY

Phone

2319351514

Tax Period

2023-01-01 to 2023-12-31

GRAND TRAVERSE BAY WATERSHED INITIATIVE INC, founded in 1994, is a community nonprofit in the Environment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

THE GRAND TRAVERSE BAY WATERSHED INITIATIVE, INC. ADVOCATES FOR CLEAN WATER IN THE GRAND TRAVERSE BAY AND ACTS TO PROTECT AND PRESERVE THE BAY'S WATERSHED.

Program Service Accomplishments

Program 1

Expenses: $203,896

PUBLISH REPORTS, SPONSOR COMMUNITY EVENTS AND MEETINGS, AND CONDUCT OTHER EDUCATIONAL ACTIVITIES TO INCREASE PUBLIC AWARENESS ABOUT THE REGION'S WATER RESOURCES. CONDUCT MONITORING AND RESEARCH...

PUBLISH REPORTS, SPONSOR COMMUNITY EVENTS AND MEETINGS, AND CONDUCT OTHER EDUCATIONAL ACTIVITIES TO INCREASE PUBLIC AWARENESS ABOUT THE REGION'S WATER RESOURCES. CONDUCT MONITORING AND RESEARCH ACTIVITIES TO DETERMINE TRENDS IN WATER QUALITY. APPROXIMATE NUMBER OF CLIENTS SERVED IS 110,000.

Program 2

Expenses: $1,003,195 Revenue: $964,774

FACILITATE PROJECTS IN PARTNERSHIP WITH OTHER ORGANIZATIONS AND LOCAL UNITS OF GOVERNMENT TO IMPROVE WATER QUALITY. APPROXIMATE NUMBER OF CLIENTS SERVED IS 54 UNITS OF GOVERNMENT AND 25 ORGANIZATIONS.

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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 $285,829

Program Service Revenue $964,774

Investment Income $1,504

Other Revenue $8,929

TOTAL REVENUE $1,261,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $274,384

Fundraising Expenses $67,743

Program Expenses $1,207,091

Other Expenses $1,057,319

TOTAL EXPENSES $1,331,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,261,036	$1,576,642	-0.2%
Expenses	$1,331,703	$1,467,761	-0.1%
Net Income	$-70,667	$108,881	-1.6%

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

200

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

$70,857

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE M CRISSMAN	EXECUTIVE DI	40.00	Director	$68,793	$2,064	$70,857
JEANINE EASTERDAY	CHAIR	2.00	Officer Director	$0	$0	$0
RICHARD KANE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHRISTOPHER CAROL	TREASURER	2.00	Officer Director	$0	$0	$0
NICOLE VANNESS	SEC/INTERIM	2.00	Officer Director	$0	$0	$0
KELLI MENGEBIER	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN JEFFRIES	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE PETERSEN	DIRECTOR	1.00	Director	$0	$0	$0
ROYCE RAGLAND	DIRECTOR	1.00	Director	$0	$0	$0
ROD REBANT	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY VANDERBEEK	DIRECTOR	1.00	Director	$0	$0	$0
ISAAC AVILA	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,261,036	$1,331,703	$497,200	$-70,667
2022	$1,576,642	$1,467,761	$545,920	$108,881
2021	$2,236,720	$2,023,061	$737,164	$213,659
2020	$816,125	$814,574	$158,190	$1,551
2019	$651,816	$624,851	$185,642	$26,965
2018	$1,495,200	$1,543,285	$149,843	$-48,085

GRAND TRAVERSE BAY WATERSHED INITIATIVE INC