GRAND RAPIDS MEDIA INITIATIVE AND FILM INCUBATOR

EIN: 845176970 501(c)(3) Arts, Culture & Humanities

Grand Rapids, MI

Total Revenue
$674,959
Total Expenses
$393,813
Total Assets
$283,551
Net Assets
$281,146
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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
2020
Legal Domicile
MI
Tax Period
2021-01-01 to 2021-12-31

GRAND RAPIDS MEDIA INITIATIVE AND FILM INCUBATOR, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $675K in total revenue in fiscal year 2021. The organization ran a surplus of $281K, a strong 42% operating margin.

Mission

Increase the number of Black and brown people employed in film and media positions in Grand Rapids by offering free, professional training in film and multimedia, as well as access to equipment. Inform and educate the public about the insidious nature of (see schedule O)

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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 (2021)

Revenue Breakdown

Contributions & Grants $674,959
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $674,959

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $369,492
Other Expenses $393,813
TOTAL EXPENSES $393,813

Year-over-Year Comparison

2021 2020 Change
Revenue $674,959 N/A N/A
Expenses $393,813 N/A N/A
Net Income $281,146 N/A N/A
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
10

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
3
$30,000
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RODNEY BROWN PRESIDENT 10.00
Officer
$0 $0 $10,000
VICTOR WILLIAMS SECRETARY 10.00
Officer
$0 $0 $10,000
JAZMYNE FUENTES TREASURER 10.00
Officer
$0 $0 $10,000
ANTHONY SOULE BOARD MEMBER 10.00
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
2021 $674,959 $393,813 $283,551 $281,146
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