GREAT LAKES ACADEMY SUPPORT CORPORATION (EIN 853256985) - 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

2020

Legal Domicile

Principal Officer

EBONIE DURHAM

Phone

7735303040

Tax Period

2022-07-01 to 2023-06-30

GREAT LAKES ACADEMY SUPPORT CORPORATION, founded in 2020, is a small nonprofit in the Education sector that reported $455K in total revenue in fiscal year 2022. Expenses of $621K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PERFORM THE FUNCTIONS OF, AND/OR CARRY OUT THE PURPOSES OF GREAT LAKES ACADEMY, INC.

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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 $0

Program Service Revenue $454,800

Investment Income $0

Other Revenue $0

TOTAL REVENUE $454,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $13

Program Expenses $559,125

Other Expenses $621,270

TOTAL EXPENSES $621,270

Year-over-Year Comparison

	2022	2021	Change
Revenue	$454,800	$454,875	0.0%
Expenses	$621,270	$469,007	+0.3%
Net Income	$-166,470	$-14,132	+10.8%

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

150

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

$139,163

Total Directors

$139,163

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE MYERS-CRUM	PRESIDENT	3.00	Officer Director	$0	$0	$6,462
MICHAEL MESTERHARM	TREASURER	3.00	Officer Director	$0	$6,807	$132,701
JOHN WASHINGTON	SECRETARY	3.00	Officer Director	$0	$0	$0
STEVE KRAUS	DIRECTOR	3.00	Director	$0	$0	$0
MELANIE HARMON	DIRECTOR	3.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$454,800	$621,270	$14,850,042	$-166,470
2022	$454,875	$469,007	$14,934,740	$-14,132
2021	$6,549	$1,971,802	$14,642,533	$-1,965,253

GREAT LAKES ACADEMY SUPPORT CORPORATION