GRAND RAPIDS DOMINICAN SISTERS FOUNDATION

EIN: 833700084 501(c)(3) International Affairs

GRAND RAPIDS, MI

Total Revenue
$1,176,340
Total Expenses
$40,877
Total Assets
$1,218,076
Net Assets
$1,218,076
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MI
Principal Officer
MEGAN MCELROY
Phone
6165143106
Tax Period
2024-09-01 to 2025-08-31

GRAND RAPIDS DOMINICAN SISTERS FOUNDATION, founded in 2018, is a community nonprofit in the International Affairs sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 1392% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 97% operating margin.

Mission

THE GRAND RAPIDS DOMINICAN SISTERS FOUNDATION PUTS FAITH IN ACTION BY FACILITATING THE WORK OF THOSE ON THE FOREFRONT TODAY, SERVING GOD'S PEOPLE JUST AS SISTERS HAVE ALWAYS DONE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,160,023
Program Service Revenue $0
Investment Income $16,317
Other Revenue $0
TOTAL REVENUE $1,176,340

Expense Breakdown

Grants Paid $40,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,000
Other Expenses $877
TOTAL EXPENSES $40,877

Year-over-Year Comparison

2024 2023 Change
Revenue $1,176,340 $78,847 +13.9%
Expenses $40,877 $30,000 +0.4%
Net Income $1,135,463 $48,847 +22.2%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
12

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGAN MCELROY OP PRESIDENT 0.40
Officer Director
$0 $0 $0
MAUREEN GEARY OP VICE PRESIDENT 0.40
Officer Director
$0 $0 $0
SANDRA DELGADO OP TREASURER 0.40
Officer Director
$0 $0 $0
JOAN WILLIAMS OP SECRETARY 0.40
Officer Director
$0 $0 $0
BRAD MATHIS DIRECTOR 0.30
Director
$0 $0 $0
MADELAINE LANE DIRECTOR 0.30
Director
$0 $0 $0
WILLIAM LAWRENCE DIRECTOR 0.30
Director
$0 $0 $0
DIANE ZERFAS OP DIRECTOR 0.30
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
2025 $1,176,340 $40,877 $1,218,076 $1,135,463
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