GREAT LAKES OUTREACH INC (EIN 611542335) - 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

2007

Legal Domicile

Principal Officer

David Soutter

Tax Period

2023-01-01 to 2023-12-31

GREAT LAKES OUTREACH INC, founded in 2007, is a community nonprofit in the Religion sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 11% surplus.

Mission

Great Lakes Outreach, Inc. serves the needs of the poverty stricken in Central Africa providing food, clothing, shelter, capital improvements, medical care, medical supplies, education and educational materials.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,835,273

Program Service Revenue $0

Investment Income $75

Other Revenue $0

TOTAL REVENUE $1,835,348

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $6,663

Fundraising Expenses $50,068

Program Expenses $1,558,614

Other Expenses $1,625,377

TOTAL EXPENSES $1,642,040

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,835,348	$1,241,279	+0.5%
Expenses	$1,642,040	$1,411,966	+0.2%
Net Income	$193,308	$-170,687	-2.1%

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

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

$4,630

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lacey Faieta	Director	5	Director	$4,630	$0	$4,630
Olivia McGraw	Director	3	Director	$0	$0	$0
Brian Kleaeger	Director	1	Director	$0	$0	$0
Duncan Sprague	Director	1	Director	$0	$0	$0
Robert Lawrence	Director	1	Director	$0	$0	$0
Doug Hinson	Director	1	Director	$0	$0	$0
David Soutter	Chairman	10	Officer	$0	$0	$0
Dan McNeil	Secretary and Treasurer	10	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	No data	No data	No data	No data
2023	$1,835,348	$1,642,040	$567,859	$193,308
2022	$1,241,279	$1,411,966	$377,786	$-170,687
2022	$1,241,279	$1,411,966	$377,786	$-170,687
2021	$839,976	$994,595	$542,547	$-154,619
2020	$1,078,533	$920,902	$700,932	$157,631
2019	$900,472	$943,369	$541,814	$-42,897
2018	$694,776	$1,016,455	$584,983	$-321,679

GREAT LAKES OUTREACH INC