GRAND RAPIDS ALLIANCE OF COOPERATIVE COMMUNITIES (EIN 461106456) - 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

2012

Legal Domicile

Principal Officer

JD SULLIVAN

Phone

6164276390

Tax Period

2024-01-01 to 2024-12-31

GRAND RAPIDS ALLIANCE OF COOPERATIVE COMMUNITIES, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $367K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $349K left a modest 5% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME MEMBERS OF THE COMMUNITY.

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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 $26,075

Program Service Revenue $336,305

Investment Income $11

Other Revenue $4,588

TOTAL REVENUE $366,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,466

Fundraising Expenses $0

Program Expenses $266,648

Other Expenses $328,719

TOTAL EXPENSES $349,185

Year-over-Year Comparison

	2024	2023	Change
Revenue	$366,979	$332,248	+0.1%
Expenses	$349,185	$330,240	+0.1%
Net Income	$17,794	$2,008	+7.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA FEISTER	PRESIDENT (THRU JULY 2024)	7.00	Officer Director	$0	$0	$0
JD SULLIVAN	SECRETARY, PRESIDENT	7.00	Officer Director	$0	$0	$0
JAY REDMOND	DIRECTOR (FROM JULY 2024)	5.00	Director	$0	$0	$0
MONICA LACKMAN	VICE-PRESIDENT (FROM JULY 2024)	5.00	Officer Director	$0	$0	$0
MARK BLAZO	TREASURER (FROM JULY 2024)	2.00	Officer Director	$0	$0	$0
BIRANNE ENZINGA	SECRETARY (FROM JULY 2024)	2.00	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	$366,979	$349,185	$773,922	$17,794
2023	$332,248	$330,240	$764,766	$2,008

GRAND RAPIDS ALLIANCE OF COOPERATIVE COMMUNITIES