GREAT LAKES FISHERY TRUST INC C/O … - 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

1996

Legal Domicile

Principal Officer

JONATHAN BEARD

Phone

5173717468

Tax Period

2024-01-01 to 2024-12-31

GREAT LAKES FISHERY TRUST INC C/O PUBLIC SECTOR CONSULTANTS, founded in 1996, is a community nonprofit in the Animal-Related sector that reported $4.2M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $4.0M left a modest 6% surplus.

Mission

PROVIDE FUNDING TO ENHANCE, PROTECT, AND REHABILITATE GREAT LAKES FISHERY RESOURCES. THE ORGANIZATION WILL MANAGE ITS RESOURCES TO COMPENSATE FOR LOST USE AND ENJOYMENT OF THE LAKE MICHIGAN FISHERY RESULTING FROM OPERATION OF THE LUDINGTON PUMPED STORAGE PLANT.

Program Service Accomplishments

Program 1

Expenses: $3,870,071 Revenue: $3,655,868

GREAT LAKES FISHERY TRUST, INC. PURSUES IT'S MISSION THROUGH INVESTMENTS IN FOUR AREAS: ACCESS TO THE GREAT LAKES SHORE; RESEASRCH TO CREATE A MORE RESILIENT AND STABLE FISH COMMUNITY AND INCREASE...

GREAT LAKES FISHERY TRUST, INC. PURSUES IT'S MISSION THROUGH INVESTMENTS IN FOUR AREAS: ACCESS TO THE GREAT LAKES SHORE; RESEASRCH TO CREATE A MORE RESILIENT AND STABLE FISH COMMUNITY AND INCREASE SUSTAINABLE VALUE; HABITAT TO PROTECT, RESTORE, AND STABILIZE IMPORTANT FISH HABITATS; AND STEWARDSHIP TO INCREASE AWARENESS AND UNDERSTANDING OF THE ECOLOGY OF THE GREAT LAKES.

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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 $10,000

Program Service Revenue $3,618,589

Investment Income $550,251

Other Revenue $37,279

TOTAL REVENUE $4,216,119

Expense Breakdown

Grants Paid $3,314,439

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,870,071

Other Expenses $652,466

TOTAL EXPENSES $3,966,905

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,216,119	$5,258,751	-0.2%
Expenses	$3,966,905	$2,714,878	+0.5%
Net Income	$249,214	$2,543,873	-0.9%

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
DAN BOCK	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT HICKS	TRUSTEE	1.00	Director	$0	$0	$0
DOUG CRAVEN	TRUSTEE	1.00	Director	$0	$0	$0
FRANK BEAVER	TRUSTEE	1.00	Director	$0	$0	$0
AMY TROTTER	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN NAPONT	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA MEUNINCK	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT BOWEN	CHAIR (ENDED 8/12/24)	1.00	Officer Director	$0	$0	$0
RANDALL CLARAMUNT	CHAIR (BEGAN 8/13/24)	1.00	Officer Director	$0	$0	$0
JONATHON BEARD	TRUST MANAGER	13.00	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	$4,216,119	$3,966,905	$22,779,914	$249,214
2023	$5,258,751	$2,714,878	$19,797,140	$2,543,873
2022	$2,056,621	$2,662,255	$17,622,237	$-605,634
2021	$3,568,990	$1,904,944	$18,327,543	$1,664,046
2020	$5,044,887	$2,841,565	$17,313,254	$2,203,322
2019	$6,420,931	$2,503,540	$14,862,186	$3,917,391
2018	$2,549,403	$3,268,329	$10,432,858	$-718,926

GREAT LAKES FISHERY TRUST INC C/O PUBLIC SECTOR CONSULTANTS