Grand Traverse Pavilions Foundation

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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

1997

Legal Domicile

Principal Officer

Dennis Prout

Phone

2319474750

Tax Period

2024-01-01 to 2024-12-31

Grand Traverse Pavilions Foundation, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $243K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $89K, a strong 37% operating margin.

Mission

Organized to receive and administer funds raised for the purpose of supporting the County owned and operated Grand Traverse Pavilions

Program Service Accomplishments

Program 1

Expenses: $123,961 Revenue: $0

Grand Traverse Pavilions employees educational expenses and other assistance to the elderly residents of the facility such as special projects, adult day care, benevolent, and other assistance.

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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 $166,909

Program Service Revenue $0

Investment Income $84,398

Other Revenue $-8,601

TOTAL REVENUE $242,706

Expense Breakdown

Grants Paid $123,961

Salaries & Benefits $0

Fundraising Expenses $11,160

Program Expenses $123,961

Other Expenses $29,701

TOTAL EXPENSES $153,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,706	$218,332	+0.1%
Expenses	$153,662	$282,087	-0.5%
Net Income	$89,044	$-63,755	-2.4%

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
Debra Jackson	President	1.00	Officer Director	$0	$0	$0
Haider Kazim	Vice President	1.00	Officer Director	$0	$0	$0
Gerard Bodalski	Secretary	4.00	Officer Director	$0	$0	$0
Cynthia Klingler	Treasurer	1.00	Officer Director	$0	$0	$0
Penny Hanks	Director	1.00	Director	$0	$0	$0
John Harvey	Director	1.00	Director	$0	$0	$0
Dennis Prout	Director	1.00	Director	$0	$0	$0
Anne Spieles	Director	1.00	Director	$0	$0	$0
Michael Watkins	Director	1.00	Director	$0	$0	$0
Jan Warren	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	$242,706	$153,662	$2,356,836	$89,044
2023	$218,332	$282,087	$2,128,180	$-63,755
2022	$237,078	$232,786	$2,118,122	$4,292
2021	$322,497	$271,200	$2,501,565	$51,297
2020	$245,484	$129,019	$2,298,948	$116,465
2019	$364,892	$550,344	$2,118,474	$-185,452
2018	$440,148	$1,627,715	$3,221,409	$-1,187,567