GREAT LAKES TRAINING & DEV CORPORATION (EIN 391488776) - 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

1979

Legal Domicile

Principal Officer

THOMAS TETEAK

Phone

9206835026

Tax Period

2024-07-01 to 2025-06-30

GREAT LAKES TRAINING & DEV CORPORATION, founded in 1979, is a community nonprofit in the Employment sector that reported $1.0M in total revenue in fiscal year 2024. Net assets of $5.9M represent 70 months of operating reserves.

Mission

THE MISSION OF GREAT LAKES TRAINING AND DEVELOPMENT CORP IS TO OPERATE INNOVATIVE AND EFFECTIVE EMPLOYMENT AND TRAINING PROGRAMS AND RELATED SERVICES THAT RESULT IN ECONOMIC SELF SUFFICIENCY FOR THE PROGRAM PARTICIPANTS AND A READY, RELIABLE WORKFORCE FOR THE COMMUNITIES THAT WE WORK IN.

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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 $533,096

Program Service Revenue $338,968

Investment Income $127,919

Other Revenue $7,941

TOTAL REVENUE $1,007,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $537,686

Fundraising Expenses $0

Program Expenses $972,714

Other Expenses $487,267

TOTAL EXPENSES $1,024,953

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,007,924	$1,020,894	0.0%
Expenses	$1,024,953	$952,662	+0.1%
Net Income	$-17,029	$68,232	-1.2%

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

N/A

Employees

Volunteers

N/A

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

$23,400

Total Directors

$46,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS C TETEAK	CHAIRMAN	5.00	Officer Director	$4,000	$0	$7,800
RICK L GERROLL	VICE CHAIRMAN	3.00	Officer Director	$4,000	$0	$7,800
JEFFREY DEPREZ	SECRETARY / TREASURER	5.00	Officer Director	$4,000	$0	$7,800
D TOD PAULY	DIRECTOR	2.00	Director	$4,000	$0	$7,800
DAVID LODL	DIRECTOR	2.00	Director	$4,000	$0	$7,800
DENNIS LADWIG	DIRECTOR	2.00	Director	$4,000	$0	$7,800

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
2025	$1,007,924	$1,024,953	$6,086,872	$-17,029
2024	No data	No data	No data	No data
2023	$1,092,497	$1,044,348	$5,581,327	$48,149
2022	$1,031,411	$887,311	$5,424,050	$144,100
2021	$957,980	$843,916	$5,456,072	$114,064
2020	$1,106,120	$866,188	$5,206,868	$239,932
2019	$1,674,685	$1,343,477	$4,913,910	$331,208
2018	$1,569,160	$1,404,047	$4,657,246	$165,113

GREAT LAKES TRAINING & DEV CORPORATION