BOYNE CITY, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GREAT LAKES ENERGY PEOPLE FUND, founded in 1995, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $269K in total revenue in fiscal year 2024.
THE GREAT LAKES ENERGY PEOPLE FUND EXISTS TO SUPPORT HUMANITARIAN, CHARITABLE, SCIENTIFIC, EDUCATIONAL, COMMUNITY DEVELOPMENT, AND BENEVOLENT PURPOSES BY MAKING DISTRIBUTIONS TO ORGANIZATIONS QUALIFYING UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) OR AS TAX EXEMPT ORGANIZATIONS. ALL OF THE ORGANIZATIONS RECEIVING THE GRANTS MUST APPLY FOR THE GRANTS AND QUALIFY ACCORDINGLY TO RECEIVE THE DISTRIBUTIONS BASED UPON VARIOUS FACTORS SET FORTH BY THE BOARD MEMBERS OF THE FUND. GREAT LAKES ENERGY MEMBERS HELP TO ENHANCE THE QUALITY OF LIFE FOR PEOPLE IN OUR COMMUNITIES THROUGH THE PEOPLE FUND. BILLS OF PARTICIPATING MEMBERS ARE ROUNDED UP TO THE NEXT DOLLAR AMOUNT AND GRANTS ARE AWARDED TO NON- PROFIT ORGANIZATIONS AND CHARITABLE ACTIVITIES THROUGHOUT OUR SERVICE AREA. GRANTS ARE AWARDED BY THREE INDEPENDENT BOARDS OF DIRECTORS REPRESENTING THREE GEOGRAPHICAL REGIONS SOUTH, CENTRAL AND NORTH. THERE ARE NO OVERHEAD COSTS 100 PERCENT OF THE MONEY COLLECTED IS RETURNED TO OUR COMMUNITIES. FUNDS
SUPPORT FOR QUALIFYING ORGANIZATIONS - SEE FURTHER EXPLANATION AS DETAILED IN ORGANIZATION'S "MISSION- AND "PRIMARY EXEMPT PURPOSE" STATEMENT AS WELL AS SCHEDULE I FOR INFORMATION REGARDING GRANTS...
SUPPORT FOR QUALIFYING ORGANIZATIONS - SEE FURTHER EXPLANATION AS DETAILED IN ORGANIZATION'S "MISSION- AND "PRIMARY EXEMPT PURPOSE" STATEMENT AS WELL AS SCHEDULE I FOR INFORMATION REGARDING GRANTS DURING THE TAX YEAR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $268,756 | $267,851 | +0.0% |
| Expenses | $261,422 | $246,670 | +0.1% |
| Net Income | $7,334 | $21,181 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MATT SODERQUIST | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY ANN NUGENT | VICE-PRESIDE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN COOL | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID WAGNER | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATHLEEN ANDERSEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DIANE WATTS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBIN MCCARTY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BETTY HENNE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JERRY JUDGE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BEVERLY CASSIDY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA FIRLIK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA KOTZIAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JALISA DANHOF | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHARI CULVER | MANAGER | 5.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $268,756 | $261,422 | $207,222 | $7,334 |
| 2023 | $267,851 | $246,670 | $199,601 | $21,181 |
| 2022 | $267,277 | $264,557 | $172,520 | $2,720 |
| 2021 | $274,038 | $388,560 | $173,700 | $-114,522 |
| 2020 | $255,897 | $224,099 | $296,209 | $31,798 |
| 2019 | $242,587 | $217,905 | $286,424 | $24,682 |
| 2018 | $232,485 | $211,367 | $247,196 | $21,118 |
Compare GREAT LAKES ENERGY PEOPLE FUND with other nonprofits in Michigan and across the country.