LANSING, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GREAT LAKES BIBLE COLLEGE, founded in 1972, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $4.5M left a modest 3% surplus.
TO PROVIDE BIBLE-ORIENTED SYSTEMATIC TRAINING, RESULTING IN A TWO OR FOUR YEAR DEGREE.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $4,649,588 | $4,244,852 | +0.1% |
| Expenses | $4,500,018 | $4,151,415 | +0.1% |
| Net Income | $149,570 | $93,437 | +0.6% |
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 |
|---|---|---|---|---|---|---|
| FRANK WELLER | PRESIDENT | 40.00 |
Officer
|
$68,258 | $12,000 | $80,258 |
| BRYAN TARRANT | VP OF FINANCE OPERATIONS | 40.00 |
Officer
|
$57,916 | $2,915 | $60,831 |
| ANDY GERHART | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| COREY BAILEY | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| DAVID LUND | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| KELLY BENTLEY | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| TIM ST LOUIS | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| KEITH LAYMAN | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| STEVE YOUNG | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| CHUCK MARKEL | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| STEVE HIGGS | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| DENISE TIMM | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| DAVID LAUTZENHEISER | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| DAVID STACY | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| ROB FOWLER | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| TED BOLEMA | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| EVE KALTZ | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MATT WESAW | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICK STACY | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM GRAY | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $4,649,588 | $4,500,018 | $4,345,257 | $149,570 |
| 2023 | $4,244,852 | $4,151,415 | $4,128,914 | $93,437 |
| 2022 | $3,739,090 | $4,009,893 | $2,935,573 | $-270,803 |
| 2021 | $3,193,047 | $3,276,583 | $3,326,303 | $-83,536 |
| 2020 | $2,631,290 | $3,156,455 | $3,341,460 | $-525,165 |
| 2019 | $2,844,694 | $3,386,469 | $3,521,119 | $-541,775 |
| 2018 | $3,230,554 | $3,150,030 | $3,779,831 | $80,524 |
Compare GREAT LAKES BIBLE COLLEGE with other nonprofits in Michigan and across the country.