GREAT LAKES RECOVERY CENTER FOUNDATION

EIN: 873843446 501(c)(3) Diseases & Disorders

ISHPEMING, MI

Total Revenue
$552,655
Total Expenses
$207,824
Total Assets
$1,857,942
Net Assets
$1,857,942
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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
2021
Legal Domicile
MI
Principal Officer
GREGORY M TOUTANT
Phone
9062289696
Tax Period
2023-01-01 to 2023-09-30

GREAT LAKES RECOVERY CENTER FOUNDATION, founded in 2021, is a small nonprofit in the Diseases & Disorders sector that reported $553K in total revenue in fiscal year 2023. Revenue surged 1102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $345K, a strong 62% operating margin.

Mission

FUNDRAISING AND GRANTWRITING IN SUPPORT OF GREAT LAKES RECOVERY CENTERS, 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $525,984
Program Service Revenue $0
Investment Income $8,818
Other Revenue $17,853
TOTAL REVENUE $552,655

Expense Breakdown

Grants Paid $77,473
Salaries & Benefits $88,730
Fundraising Expenses $44,638
Program Expenses $139,151
Other Expenses $41,621
TOTAL EXPENSES $207,824

Year-over-Year Comparison

2023 2022 Change
Revenue $552,655 $45,972 +11.0%
Expenses $207,824 $284,789 -0.3%
Net Income $344,831 $-238,817 -2.4%
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
8
Independent Members
8
Employees
N/A
Volunteers
8

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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAY AMTMANN PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBYN STILLE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RICHARD GRAYBILL SECRETARY 1.00
Officer Director
$0 $0 $0
TYLER JENEMA SECRETARY 1.00
Officer Director
$0 $0 $0
LINDSEY BUTORAC BOARD MEMBER 1.00
Director
$0 $0 $0
JIM DIVINE BOARD MEMBER 1.00
Director
$0 $0 $0
KATHERINE REYNOLDS BOARD MEMBER 1.00
Director
$0 $0 $0
DENNIS SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
GREGORY M TOUTANT EXECUTIVE DIRECTOR 0.00
Officer
$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
2023 $552,655 $207,824 $1,857,942 $344,831
2022 $45,972 $284,789 $1,550,892 $-238,817
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