GRAND MARAIS APARTMENTS INCORPORATED (EIN 416168268) - 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

1974

Legal Domicile

Principal Officer

DONNA LUNKE

Phone

2183702161

Tax Period

2025-01-01 to 2025-12-31

GRAND MARAIS APARTMENTS INCORPORATED, founded in 1974, is a small nonprofit in the Housing & Shelter sector that reported $138K in total revenue in fiscal year 2025. The organization ran a surplus of $40K, a strong 29% operating margin.

Mission

TO ACQUIRE,CONSTRUCT, PROVIDE AND OPERATE RENTAL HOUSING AND RELATED FACILITIES SUITE TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF ELIGIBLE OCCUPANTS AS DETERMINED BY THE U.S. DEPARTMENT

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $136,094

Investment Income $2,332

Other Revenue $0

TOTAL REVENUE $138,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,313

Fundraising Expenses $0

Program Expenses $98,095

Other Expenses $85,782

TOTAL EXPENSES $98,095

Year-over-Year Comparison

	2025	2024	Change
Revenue	$138,426	$133,755	+0.0%
Expenses	$98,095	$142,400	-0.3%
Net Income	$40,331	$-8,645	-5.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY PETZ	CHAIR	1.00	Director	$0	$0	$0
DONNA LUNKE	TREASURER	1.00	Director	$0	$0	$0
THERESA LUTHER-DOLAN	SECRETARY	1.00	Director	$0	$0	$0
DAVID CARLSON	VICE CHAIR	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
2025	$138,426	$98,095	$195,753	$40,331
2024	$133,755	$142,400	$154,443	$-8,645
2023	$110,432	$103,788	$162,156	$6,644
2022	$92,914	$89,418	$160,942	$3,496
2021	$92,798	$88,642	$153,637	$4,156
2020	$91,739	$232,737	$147,610	$-140,998
2019	$89,867	$68,162	$289,235	$21,705
2018	$92,020	$86,932	$270,399	$5,088

GRAND MARAIS APARTMENTS INCORPORATED