GREAT LAKES ASSET CORPORATION INC (EIN 391454465) - 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

1982

Legal Domicile

Principal Officer

CYNTHIA ESTERLING

Phone

9204996444

Tax Period

2017-10-01 to 2018-09-30

GREAT LAKES ASSET CORPORATION INC, founded in 1982, is a small nonprofit that reported $145K in total revenue in fiscal year 2017. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $472K exceeded revenue, resulting in a 226% operating deficit.

Mission

FURTHERING THE ECONOMIC DEVELOPMENT OF ITS COMMUNITY AND ENVIRONS, AND ASSIST THE GROWTH AND DEVELOPMENT OF SMALL BUSINESSES IN THE AREA COVERED BY ITS OPERATIONS.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $121,651

Investment Income $15,189

Other Revenue $7,994

TOTAL REVENUE $144,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $344,128

Fundraising Expenses $0

Program Expenses $361,747

Other Expenses $128,042

TOTAL EXPENSES $472,170

Year-over-Year Comparison

	2017	2016	Change
Revenue	$144,834	$370,441	-0.6%
Expenses	$472,170	$550,729	-0.1%
Net Income	$-327,336	$-180,288	+0.8%

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

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

$112,562

Total Directors

$112,562

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA ESTERLING	SECRETARY/EX	40.00	Officer Director	$112,562	$0	$112,562
CRAIG ADERHOLD	PRESIDENT	2.00	Officer Director	$0	$0	$0
KAREN MONFRE	TREASURER	2.00	Officer Director	$0	$0	$0
TRAVIS LEROY	DIRECTOR	1.00	Director	$0	$0	$0
NANETTE NELSON	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN PORATH	DIRECTOR	1.00	Director	$0	$0	$0
DAVE DEWICK	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN KULT	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
2018	$144,834	$472,170	$26,236	$-327,336

GREAT LAKES ASSET CORPORATION INC