GREAT LAKES JOBS ALLIANCE (EIN 824600138) - 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

2018

Legal Domicile

Principal Officer

HEATHER LOMBARDINI

Phone

5172679012

Tax Period

2022-01-01 to 2022-12-31

GREAT LAKES JOBS ALLIANCE, founded in 2018, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2022. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $2.5M exceeded revenue, resulting in a 52% operating deficit.

Mission

TO PROVIDE CITIZENS OF MICHIGAN AND THE GREAT LAKES REGION WITH AN UNDERSTANDING OF HOW CURRENT POLICY INITIATIVES WILL AFFECT THEIR WELL-BEING; TO PROMOTE THE COMMON GOOD, ECONOMIC GROWTH AND GENERAL WELFARE OF THE CITIZENS OF MICHIGAN AND THE GREAT LAKES REGION; AND DISCUSS PUBLIC POLICY INITIATIVES WHICH IMPACT MICHIGAN'S ABILITY TO CREATE AND SUSTAIN JOBS FOR THE CITIZENS OF MICHIGAN AND THE GREAT LAKES REGION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,619,167

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,619,167

Expense Breakdown

Grants Paid $1,430,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,359,472

Other Expenses $1,028,263

TOTAL EXPENSES $2,458,763

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,619,167	$902,064	+0.8%
Expenses	$2,458,763	$231,860	+9.6%
Net Income	$-839,596	$670,204	-2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER LOMBARDINI	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELLEN KLETZKA	TREASURER	1.00	Officer Director	$0	$0	$0
MADALYN HOLYFIELD	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL CORDES	DIRECTOR	1.00	Director	$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
2022	$1,619,167	$2,458,763	No data	$-839,596
2021	$902,064	$231,860	$839,596	$670,204
2020	$492,500	$324,810	$169,392	$167,690
2018	$593,000	$592,532	$468	$468

GREAT LAKES JOBS ALLIANCE