GRAND RAPIDS DOWNTOWN MARKET EDUCATION FOUNDATION

EIN: 461052597 501(c)(3) Food, Agriculture & Nutrition

GRAND RAPIDS, MI

Total Revenue
$1,947,028
Total Expenses
$1,800,116
Total Assets
$1,248,757
Net Assets
$1,238,732
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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
2012
Legal Domicile
MI
Principal Officer
MARY FRITZ
Phone
6168055308
Tax Period
2023-01-01 to 2023-12-31

GRAND RAPIDS DOWNTOWN MARKET EDUCATION FOUNDATION, founded in 2012, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 97% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 8% surplus.

Mission

TO SUPPORT EDUCATIONAL ACTIVITIES AND PROGRAMS CONDUCTED BY OR IN CONNECTION WITH THE GRAND RAPIDS DOWNTOWN MARKET, INC., A MICHIGAN NONPROFIT CORPORATION, INCLUDING, BUT NOT LIMITED TO EDUCATIONAL ACTIVITIES AND PROGRAMS DIRECTED AT (I) CULINARY AND NUTRITION EDUCATION; TRAINING AND ENTREPRENEURSHIP, (II) FOOD PRODUCTION AND GARDENING, (III) OBESITY PREVENTION, (IV) WELLNESS, AND (V) ACCESS TO AND PROMOTION OF FRESH HEALTHY FOODS. TO SOLICIT, RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY FOR SUCH EDUCATIONAL AND CHARITABLE PURPOSES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,427,250
Program Service Revenue $315,933
Investment Income $0
Other Revenue $203,845
TOTAL REVENUE $1,947,028

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $335,104
Program Expenses $866,246
Other Expenses $1,800,116
TOTAL EXPENSES $1,800,116

Year-over-Year Comparison

2023 2022 Change
Revenue $1,947,028 $990,749 +1.0%
Expenses $1,800,116 $853,180 +1.1%
Net Income $146,912 $137,569 +0.1%
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

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
3

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
4
$271,381
Total Directors
4
$271,381
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY FRITZ EXECUTIVE DI 2.00
Officer Director
$0 $18,731 $271,381
CHARLIE SECCHIA PRESIDENT 1.00
Officer Director
$0 $0 $0
LAINA MILLS SECRETARY 1.00
Officer Director
$0 $0 $0
ANDY WINKEL TREASURER 1.00
Officer 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 No data No data No data No data
2023 $1,947,028 $1,800,116 $1,248,757 $146,912
2022 $990,749 $853,180 $1,104,455 $137,569
2021 $1,653,390 $701,666 $961,102 $951,724
2020 $677,621 $664,006 $7,352 $13,615
2019 $831,172 $834,206 $7,269 $-3,034
2018 $514,165 $516,688 $7,426 $-2,523
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