MAPLE CITY, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GLEN LAKE SCHOOLS FOUNDATION, founded in 2023, is a small nonprofit in the Education sector that reported $121K in total revenue in fiscal year 2024. Revenue fell 91% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $41K, a strong 34% operating margin.
THE GLEN LAKE SCHOOLS FOUNDATION IS DEDICATED TO REMOVING ANY BARRIERS THAT MIGHT HINDER A STUDENT'S LEARNING. WE WILL ALSO WORK TO MEET ONLY UNFILLED NEEDS THAT MIGHT ENRICH OR EXPAND THE STUDENT EXPERIENCE AT GLEN LAKE COMMUNITY SCHOOLS. WHILE THE FOUNDATION IS A SEPARATE ORGANIZATION FROM THE PUBLIC SCHOOL, WE WORK SOLELY TO SUPPORT GLEN LAKE COMMUNITY SCHOOLS. OUR VOLUNTEER BOARD IS COMPOSED OF ALUMNI, PARENTS, AND COMMUNITY MEMBERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $120,868 | $1,321,231 | -0.9% |
| Expenses | $79,930 | $37,277 | +1.1% |
| Net Income | $40,938 | $1,283,954 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| VIRGINIA WOESSNER | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RON CALSBEEK | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JULIE MEREDITH | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HOLLY REAY | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAT HANNIFORD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GENEVIEVE THOMPSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRYAN FOSMORE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TRACY WITTKOPP | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK SCHANHALS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA IHME | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAM HOUTTEMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTIE RANDOLPH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $120,868 | $79,930 | $1,419,981 | $40,938 |
| 2024 | $1,321,231 | $37,277 | $1,337,351 | $1,283,954 |
Compare GLEN LAKE SCHOOLS FOUNDATION with other nonprofits in Michigan and across the country.