Grosse Ile Educational Foundation Inc (EIN 383235455) - 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

1995

Legal Domicile

Principal Officer

Kurt Kobiljak

Phone

7347753892

Tax Period

2024-01-01 to 2024-12-31

Grosse Ile Educational Foundation Inc, founded in 1995, is a small nonprofit in the Education sector that reported $194K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $58K, a strong 30% operating margin.

Mission

To provide support for creative and exemplary educational opportunities in the Grosse Ile Township Schools and 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 (2024)

Revenue Breakdown

Contributions & Grants $118,307

Program Service Revenue $0

Investment Income $100,058

Other Revenue $-24,038

TOTAL REVENUE $194,327

Expense Breakdown

Grants Paid $129,083

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,083

Other Expenses $6,980

TOTAL EXPENSES $136,063

Year-over-Year Comparison

	2024	2023	Change
Revenue	$194,327	$238,421	-0.2%
Expenses	$136,063	$155,431	-0.1%
Net Income	$58,264	$82,990	-0.3%

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
Kurt Kobiljak	President	1.00	Officer Director	$0	$0	$0
Andrea Stevenson	Treasurer	1.00	Officer Director	$0	$0	$0
Maggie Wojtkowiak	Secretary	1.00	Officer Director	$0	$0	$0
Susie Armiak	Director	1.00	Director	$0	$0	$0
Julia Callahan	Director	1.00	Director	$0	$0	$0
Sarah Ford	Director	1.00	Director	$0	$0	$0
Victoria Gargasoulas	Director	1.00	Director	$0	$0	$0
Casey Hamelin	Director	1.00	Director	$0	$0	$0
Joseph Hrabnicky	Director	1.00	Director	$0	$0	$0
Dr Michael Iverson	Director	1.00	Director	$0	$0	$0
Duncan Murdock	Director	1.00	Director	$0	$0	$0
Andrea ODonnell	Director	1.00	Director	$0	$0	$0
Michael Paisley	Director	1.00	Director	$0	$0	$0
Kelly Papp	Director	1.00	Director	$0	$0	$0
Bill Stevenson	Director	1.00	Director	$0	$0	$0
Sarah Szymaszek	Director	1.00	Director	$0	$0	$0
Ava Thrasher	Director	1.00	Director	$0	$0	$0
Paul Thrasher	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
2024	$194,327	$136,063	$2,199,200	$58,264
2023	$238,421	$155,431	$2,094,171	$82,990
2022	$198,135	$45,253	$1,701,900	$152,882
2021	$162,989	$16,785	$2,109,507	$146,204
2020	$191,101	$108,480	$1,786,450	$82,621
2019	$187,649	$110,558	$1,539,235	$77,091
2018	$237,158	$127,615	$1,268,922	$109,543

Grosse Ile Educational Foundation Inc