TRAVERSE CITY, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SAFE HARBOR OF GRAND TRAVERSE INC, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $829K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $245K, a strong 30% operating margin.
Support the physical and spiritual welfare of people experiencing homelessness, in the Grand Traverse community, by providing emergency shelter, food and hope.
Sole activity is to serve the Grand Traverse region by offering, free of charge; seasonal emergency overnight shelter, meals and support for people experiencing homelessness. The Organization...
Sole activity is to serve the Grand Traverse region by offering, free of charge; seasonal emergency overnight shelter, meals and support for people experiencing homelessness. The Organization provided 13,777 bed nights for 344 individuals during 2024.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $828,528 | $575,752 | +0.4% |
| Expenses | $583,378 | $507,995 | +0.1% |
| Net Income | $245,150 | $67,757 | +2.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Patrick Livingston | Chairperson | 10 |
Officer
Director
|
$0 | $0 | $0 |
| Wayne Sterenberg | Treasurer | 10 |
Officer
Director
|
$0 | $0 | $0 |
| John Daniels | Secretary | 10 |
Officer
Director
|
$0 | $0 | $0 |
| Daniel Besselsen | Director | 5 |
Director
|
$0 | $0 | $0 |
| Joshua Brandt | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Christopher Ellalasingham | Director | 5 |
Director
|
$0 | $0 | $0 |
| Donna Olendorf | Director | 5 |
Director
|
$0 | $0 | $0 |
| Dr Lynn Swann | Director | 5 |
Director
|
$0 | $0 | $0 |
| William White | Director | 5 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $828,528 | $583,378 | $2,456,318 | $245,150 |
| 2023 | $575,752 | $507,995 | $2,009,323 | $67,757 |
| 2022 | $506,005 | $590,086 | $1,937,007 | $-84,081 |
| 2021 | $614,080 | $457,260 | $2,035,507 | $156,820 |
| 2020 | $518,736 | $356,887 | $1,881,447 | $161,849 |
Compare SAFE HARBOR OF GRAND TRAVERSE INC with other nonprofits in Michigan and across the country.