JOHN GEORGE JR PARAGRAPH X TRUST ACCT 656P 1045001860 C/O COMERICA

EIN: 911956771

DETROIT, MI

Total Revenue
$1,094,467
Total Expenses
$6,356,551
Total Assets
$24,979,829
Net Assets
$24,979,829
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
MI
Principal Officer
BARBARA GEISMAN MEYERS
Phone
2486454227
Tax Period
2023-01-01 to 2023-12-31

JOHN GEORGE JR PARAGRAPH X TRUST ACCT 656P 1045001860 C/O COMERICA, founded in 1939, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $6.4M exceeded revenue, resulting in a 481% operating deficit.

Mission

TO PROVIDE LOW COST COLLEGE LOANS TO STUDENTS FROM JACKSON AREA HIGH SCHOOLS.

Program Service Accomplishments

Program 1
Expenses: $193,973 Revenue: $311,109

TO AWARD LOW COST COLLEGE LOANS TO STUDENTS FROM JACKSON AREA HIGH SCHOOLS.

Program 2
Expenses: $5,899,171

TO PROVIDE GRANTS TO ORGANIZATIONS LOCATED IN THE JACKSON AREA THAT PROVIDE EDUCATIONAL PROGRAMS FOR CHILDREN IN JACKSON COUNTY.

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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 $0
Program Service Revenue $311,109
Investment Income $780,752
Other Revenue $2,606
TOTAL REVENUE $1,094,467

Expense Breakdown

Grants Paid $5,899,171
Salaries & Benefits $132,000
Fundraising Expenses $0
Program Expenses $6,225,144
Other Expenses $325,380
TOTAL EXPENSES $6,356,551

Year-over-Year Comparison

2023 2022 Change
Revenue $1,094,467 $1,152,585 -0.1%
Expenses $6,356,551 $1,729,036 +2.7%
Net Income $-5,262,084 $-576,451 +8.1%
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

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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
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
$132,000
Total Directors
3
$132,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN S KANE TRUSTEE 7.00
Officer Director
$44,000 $0 $44,000
BARBARA GEISMAN MEYERS TRUSTEE 7.00
Officer Director
$44,000 $0 $44,000
EDWIN PAYNE TRUSTEE 7.00
Officer Director
$44,000 $0 $44,000
N/A TRUSTEE N/A
$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
2024 No data No data No data No data
2023 $1,094,467 $6,356,551 $24,979,829 $-5,262,084
2022 $1,152,585 $1,729,036 $30,242,126 $-576,451
2021 $964,781 $1,896,567 $30,751,512 $-931,786
2020 $759,092 $1,809,337 $31,737,433 $-1,050,245
2019 $810,751 $1,105,608 $32,774,050 $-294,857
2018 $1,111,268 $858,296 $33,063,416 $252,972
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