GREAT LAKES SPORTS COMMISSION (EIN 820954493) - 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

2017

Legal Domicile

Principal Officer

ERIC MARVIN

Phone

2312678024

Tax Period

2025-01-01 to 2025-12-31

GREAT LAKES SPORTS COMMISSION, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $218K in total revenue in fiscal year 2025. Expenses of $1.3M exceeded revenue, resulting in a 493% operating deficit.

Mission

PROMOTE NORTHERN MICHIGAN AS A PREMIER DESTINATION FOR SPORTS, RECREATION, AND TOURISM.

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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 (2025)

Revenue Breakdown

Contributions & Grants $23,800

Program Service Revenue $0

Investment Income $194,629

Other Revenue $0

TOTAL REVENUE $218,429

Expense Breakdown

Grants Paid $347,715

Salaries & Benefits $287,742

Fundraising Expenses $0

Program Expenses $1,294,364

Other Expenses $658,907

TOTAL EXPENSES $1,294,364

Year-over-Year Comparison

	2025	2024	Change
Revenue	$218,429	$221,743	0.0%
Expenses	$1,294,364	$713,754	+0.8%
Net Income	$-1,075,935	$-492,011	+1.2%

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

200

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

$191,065

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE VERRETTE	CHAIR	2.00	Officer Director	$0	$0	$0
WILLIAM MARSHALL	TREASURER	2.00	Officer Director	$0	$0	$0
CINDY PAAVOLA	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BRIGITTE LAPOINTE	TRUSTEE	1.00	Director	$0	$0	$0
KRIS DUNBAR	TRUSTEE	1.00	Director	$0	$0	$0
SUZANNE SANREGRET	TRUSTEE	1.00	Director	$0	$0	$0
PAUL BEACHNAU	TRUSTEE	1.00	Director	$0	$0	$0
LINDA HOATH	TRUSTEE	1.00	Director	$0	$0	$0
ASHLEY ANTONISHEN	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS HACKBARTH	TRUSTEE	1.00	Director	$0	$0	$0
ERIC MARVIN	EXECUTIVE DIRECTOR	25.00	Officer	$185,500	$5,565	$191,065

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
2025	$218,429	$1,294,364	$5,938,338	$-1,075,935
2024	$221,743	$713,754	$6,976,705	$-492,011
2023	$169,111	$862,523	$7,382,285	$-693,412
2022	$41,173	$1,111,859	$7,895,734	$-1,070,686
2021	$194,911	$496,603	$9,033,304	$-301,692
2020	$233,972	$771,957	$9,493,493	$-537,985

GREAT LAKES SPORTS COMMISSION