GREAT LAKES BIOMIMICRY INC

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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

THOMAS N TYRRELL

Phone

2162331694

Tax Period

2020-01-01 to 2020-12-31

GREAT LAKES BIOMIMICRY INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $112K in total revenue in fiscal year 2020. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $157K exceeded revenue, resulting in a 41% operating deficit.

Mission

CREATING THE CONDITIONS FOR INNOVATION INSPIRED BY NATURE.

Program Service Accomplishments

Program 1

Expenses: $104,320 Revenue: $100,437

GREAT LAKES BIOMIMICRY HELPS ORGANIZATIONS ACCELERATE INNOVATION BY LOOKING TO BIOLOGICAL SYSTEMS FOR STRATEGIES TO SOLVE INTRACTABLE CHALLENGES. THIS IS DONE THROUGH PROFESSIONAL EDUCATION...

GREAT LAKES BIOMIMICRY HELPS ORGANIZATIONS ACCELERATE INNOVATION BY LOOKING TO BIOLOGICAL SYSTEMS FOR STRATEGIES TO SOLVE INTRACTABLE CHALLENGES. THIS IS DONE THROUGH PROFESSIONAL EDUCATION, INNOVATION SERVICES CONSULTING, AND IN MANAGING THE CORPORATE INNOVATION COUNCIL.

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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 (2020)

Revenue Breakdown

Contributions & Grants $11,490

Program Service Revenue $99,937

Investment Income $69

Other Revenue $492

TOTAL REVENUE $111,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,104

Fundraising Expenses $0

Program Expenses $104,320

Other Expenses $63,332

TOTAL EXPENSES $157,436

Year-over-Year Comparison

	2020	2019	Change
Revenue	$111,988	$227,258	-0.5%
Expenses	$157,436	$230,400	-0.3%
Net Income	$-45,448	$-3,142	+13.5%

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

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

$94,104

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS N TYRRELL	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DONALD P KNECHTGES	TREASURER	2.00	Officer Director	$0	$0	$0
EMILY FARINACCI	SECRETARY	1.00	Officer Director	$0	$0	$0
ALI DHINOJWALA	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE FOWLER-MACK	TRUSTEE	1.00	Director	$0	$0	$0
DOUG PIEKARZ	TRUSTEE	1.00	Director	$0	$0	$0
FRAN BUCHOLZER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN NOTTINGHAM	TRUSTEE	1.00	Director	$0	$0	$0
KAREN ALLPORT	TRUSTEE	1.00	Director	$0	$0	$0
KATE FAUST	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT GRAY	TRUSTEE	1.00	Director	$0	$0	$0
SALVATORE J MIRAGLIA JR	TRUSTEE	1.00	Director	$0	$0	$0
TOM CHEMA	TRUSTEE	1.00	Director	$0	$0	$0
VEN OCHAYA	TRUSTEE	1.00	Director	$0	$0	$0
TRISHA BROWN	DIRECTOR	30.00	Officer	$42,675	$0	$42,675
CHRISTINE HOCKMAN	DIRECTOR	20.00	Officer	$30,400	$0	$30,400
CAROL THALER	DIRECTOR	15.00	Officer	$21,029	$0	$21,029

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
2020	$111,988	$157,436	$170,786	$-45,448
2019	$227,258	$230,400	$105,034	$-3,142
2018	$223,085	$240,235	$99,676	$-17,150