GREAT LAKES SPORTS COMMISSION FOUNDATION

EIN: 992413178 501(c)(3) Recreation & Sports

IRON MOUNTAIN, MI

Total Revenue
$256,092
Total Expenses
$184,051
Total Assets
$72,041
Net Assets
$72,041
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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
2024
Legal Domicile
MI
Principal Officer
ERIC MARVIN
Phone
2312678024
Tax Period
2025-08-01 to 2025-12-31

GREAT LAKES SPORTS COMMISSION FOUNDATION, founded in 2024, is a small nonprofit in the Recreation & Sports sector that reported $256K in total revenue in fiscal year 2025. The organization ran a surplus of $72K, a strong 28% operating margin.

Mission

PROMOTING NORTHERN MICHIGAN AS A PREMIER DESTINATION FOR SPORTS, RECREATION, AND TOURISM.

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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 (2025)

Revenue Breakdown

Contributions & Grants $9,050
Program Service Revenue $247,042
Investment Income $0
Other Revenue $0
TOTAL REVENUE $256,092

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $182,388
Other Expenses $184,051
TOTAL EXPENSES $184,051

Year-over-Year Comparison

2025 2024 Change
Revenue $256,092 N/A N/A
Expenses $184,051 N/A N/A
Net Income $72,041 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
3
Independent Members
3
Employees
N/A
Volunteers
100

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
4
$191,065
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE VERETTE PRESIDENT 1.00
Officer Director
$0 $0 $0
CINDY PAAVOLA VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
WILLIAM MARSHALL TREASURER 1.00
Officer Director
$0 $0 $0
ERIC MARVIN EXECUTIVE DIRECTOR 25.00
Officer
$0 $5,565 $191,065
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 $256,092 $184,051 $72,041 $72,041
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