GREAT LAKES BAY REGION QUALITY OF LIFE COUNCIL (EIN 473723701) - 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

2015

Legal Domicile

Principal Officer

ANNETTE RUMMEL

Phone

9897527164

Tax Period

2024-01-01 to 2024-12-31

GREAT LAKES BAY REGION QUALITY OF LIFE COUNCIL, founded in 2015, is a small nonprofit in the Environment sector that reported $377K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $462K exceeded revenue, resulting in a 22% operating deficit.

Mission

COLLABORATING WITH OTHER ORGANIZATIONS AND IDENTIFYING, PROMOTING, AND CREATING AWARENESS FOR PROJECTS TO IMPROVE THE QUALITY OF LIFE FOR CITIZENS OF THE GREAT LAKES BAY AREA.

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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 $330,479

Program Service Revenue $0

Investment Income $0

Other Revenue $46,867

TOTAL REVENUE $377,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $437,618

Other Expenses $461,757

TOTAL EXPENSES $461,757

Year-over-Year Comparison

	2024	2023	Change
Revenue	$377,346	$1,178,423	-0.7%
Expenses	$461,757	$243,448	+0.9%
Net Income	$-84,411	$934,975	-1.1%

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

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
JENEAN COUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT CARMONA	CHAIRMAN	1.00	Officer	$0	$0	$0
GREG GROCHOLSKI	VICE CHAIRMA	1.00	Officer	$0	$0	$0
NANCY PARKER	TREASURER	1.00	Officer	$0	$0	$0
ANNETTE RUMMEL	PRESIDENT	1.00	Officer	$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	$377,346	$461,757	$2,659,970	$-84,411
2023	$1,178,423	$243,448	$2,710,892	$934,975
2022	$1,857,891	$363,254	$2,677,504	$1,494,637

GREAT LAKES BAY REGION QUALITY OF LIFE COUNCIL