Great Lakes Commerical Finance
EIN: 382467385 · Grandville, MI
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $1.6M |
| Net Assets | $4.1M |
Is Great Lakes Commerical Finance Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Great Lakes Commerical Finance
Great Lakes Commerical Finance (EIN: 382467385) is a nonprofit organization based in Grandville, MI. The organization reported total revenue of $2.5M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Lakes Commerical Finance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Great Lakes Commerical Finance is a mid-size nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$439K |
| Total Assets | $4.3M |
| Total Liabilities | $253K |
| Net Assets | $4.1M |
| Operating Margin | 21.2% |
| Debt-to-Asset Ratio | 5.8% |
| Months of Reserves | 31.8 months |
Financial Health Grade: A
In 2023, Great Lakes Commerical Finance reported a surplus of $439K with revenue exceeding expenses, holds 31.8 months of operating reserves (strong position), has a debt-to-asset ratio of 5.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Great Lakes Commerical Finance's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.6% | -13.2% | +10.1% |
| 2022 | +18.4% | +25.9% | -10.4% |
| 2021 | -64.1% | -7.1% | +12.9% |
| 2020 | +196.6% | +35.9% | +176.5% |
| 2019 | +5.1% | +2.8% | +24.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Great Lakes Commerical Finance has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Great Lakes Commerical Finance with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $439K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.8%.
Frequently Asked Questions about Great Lakes Commerical Finance
Is Great Lakes Commerical Finance a legitimate charity?
Great Lakes Commerical Finance (EIN: 382467385) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. No red flags identified. Financial health grade: A.
How does Great Lakes Commerical Finance spend its money?
Great Lakes Commerical Finance reported $2.5M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Great Lakes Commerical Finance tax-deductible?
Great Lakes Commerical Finance is registered as a tax-exempt nonprofit (EIN: 382467385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Great Lakes Commerical Finance located?
Great Lakes Commerical Finance is headquartered in Grandville, Michigan and files with the IRS under EIN 382467385.
How many years of IRS 990 filings does Great Lakes Commerical Finance have?
Great Lakes Commerical Finance has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.5M in total revenue.
Filing History
IRS 990 filing history for Great Lakes Commerical Finance showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Great Lakes Commerical Finance's revenue has grown by 273.7%, moving from $554K to $2.1M. Total assets increased by 408.4% over the same period, from $852K to $4.3M. Total functional expenses rose by 149.9%, from $653K to $1.6M. In its most recent filing year (2023), Great Lakes Commerical Finance reported a surplus of $439K, with revenue exceeding expenses. The organization holds $253K in liabilities against $4.3M in assets (debt-to-asset ratio: 5.8%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.6M | $4.3M | $253K | — | View 990 |
| 2022 | $1.7M | $1.9M | $3.9M | $352K | — | View 990 |
| 2021 | $1.5M | $1.5M | $4.4M | $671K | — | View 990 |
| 2020 | $4.1M | $1.6M | $3.9M | $151K | — | — |
| 2019 | $1.4M | $1.2M | $1.4M | $157K | — | View 990 |
| 2018 | $1.3M | $1.2M | $1.1M | $94K | — | View 990 |
| 2017 | $1.1M | $1.0M | $1.0M | $165K | — | View 990 |
| 2016 | $204K | $212K | $871K | $89K | — | View 990 |
| 2015 | $897K | $838K | $897K | $95K | — | View 990 |
| 2014 | $878K | $851K | $842K | $100K | — | View 990 |
| 2013 | $845K | $844K | $795K | $78K | — | View 990 |
| 2012 | $738K | $788K | $760K | $44K | — | View 990 |
| 2011 | $554K | $653K | $852K | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.6M, and assets of $4.3M (revenue +18.6% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.9M, and assets of $3.9M (revenue +18.4% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $4.4M (revenue -64.1% year-over-year).
- 2020: Revenue of $4.1M, expenses of $1.6M, and assets of $3.9M (revenue +196.6% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.2M, and assets of $1.4M (revenue +5.1% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $1.1M (revenue +19.9% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.0M, and assets of $1.0M (revenue +439.8% year-over-year).
- 2016: Revenue of $204K, expenses of $212K, and assets of $871K (revenue -77.3% year-over-year).
- 2015: Revenue of $897K, expenses of $838K, and assets of $897K (revenue +2.2% year-over-year).
- 2014: Revenue of $878K, expenses of $851K, and assets of $842K (revenue +3.8% year-over-year).
- 2013: Revenue of $845K, expenses of $844K, and assets of $795K (revenue +14.5% year-over-year).
- 2012: Revenue of $738K, expenses of $788K, and assets of $760K (revenue +33.2% year-over-year).
- 2011: Revenue of $554K, expenses of $653K, and assets of $852K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Great Lakes Commerical Finance:
Data Sources and Methodology
This transparency report for Great Lakes Commerical Finance is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.