Overview
What is Grand Traverse Industries Inc?
Grand Traverse Industries Inc, based in Traverse City, Michigan, is a dedicated nonprofit organization that advocates for and empowers individuals with disabilities. With a workforce of 371, they provide services and employment opportunities to enhance their dignity and prospects. The organization experienced an 8% growth in production revenue from manufacturing, assembly, packaging, and work enclaves, which in turn boosted client wages by 5%. The number of clients benefiting from their programming increased each month throughout the fiscal year, reaching over 230. Additionally, rehabilitation service revenue from community mental health organizations saw a year-on-year increase due to successful rate negotiations, ensuring uninterrupted support for all programs and services offered by Grand Traverse Industries Inc, despite fluctuating client attendance during the COVID-19 pandemic.
Official website here: www.grandtraverseindustries.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star Rating)
Grand Traverse Industries Inc has achieved a solid Three-Star rating from Charity Navigator, primarily based on its strong accountability and finance practices. The organization scored 81% in this category, reflecting a commitment to transparency and responsible management of funds. Notably, the charity has an entirely independent board, demonstrating a commitment to governance and ethical oversight.
The strengths of Grand Traverse Industries include a high program expense ratio of 89.30%, indicating that a significant portion of its expenses directly supports its programs. Additionally, the organization adheres to best practices with policies in place regarding conflicts of interest and whistleblower protections, which further enhances its credibility and accountability to donors and stakeholders.
While the overall score is commendable, potential donors might want to consider additional factors beyond the financial metrics. The rating was derived solely from the accountability and finance beacon, which means insights regarding program effectiveness or impact may not be fully represented by this score alone.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Traverse Industries Inc legitimate?
Grand Traverse Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Traverse Industries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $145,316
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,511,495
For more financial information, click here
Official website here: www.grandtraverseindustries.com
What is the mission statement of Grand Traverse Industries Inc?
Grand Traverse Industries Inc's mission is centered around advocating for, strengthening, and advancing the dignity and opportunities of individuals with disabilities. This is achieved through the provision of various services and employment opportunities. The organization strives to foster an environment where individuals with disabilities can thrive and seize opportunities available to them. Their activities include manufacturing, assembly, packaging, and work enclaves, which experienced growth of 8% in revenue compared to the previous year. This growth led to an increase in client wages by 5%. The participation of clients in these programs also saw an uptick, with over 230 individuals benefiting from the organization's offerings throughout the fiscal year. Additionally, the revenue generated from rehabilitation services provided by community mental health organizations increased year-on-year due to favorable rate negotiations, ensuring continuous support for all programs and services offered by Grand Traverse Industries Inc, despite fluctuations in client attendance caused by the COVID-19 pandemic.
Official website here: www.grandtraverseindustries.com
Who is the CEO of Grand Traverse Industries Inc?
Cindy Evans is the Chairperson of Grand Traverse Industries Inc. The CEO's salary of Grand Traverse Industries Inc is $83,199 and their total compensation is $99,558.
Official website here: www.grandtraverseindustries.com
What is the revenue of Grand Traverse Industries Inc?
Grand Traverse Industries Inc's revenue in 2022 was $4,177,412.
Official website here: www.grandtraverseindustries.com
Who are the executives of Grand Traverse Industries Inc and what are their salaries?
The average compensation at Grand Traverse Industries Inc during 2022 was $7,161. There are 371 employees and 10 volunteers at Grand Traverse Industries Inc.
Here are 12 key members and their salaries (Grand Traverse Industries Inc's CEO's salary is $83,199 and their total compensation is $99,558):
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- Compensation: $124,043
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- Other: $1,926
- Compensation: $83,199
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- Other: $16,359
Official website here: www.grandtraverseindustries.com
Where can I find the form 990 for Grand Traverse Industries Inc?
Grand Traverse Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grandtraverseindustries.com
Learn more at the official website: www.grandtraverseindustries.com
Mission Statement of Grand Traverse Industries Inc
Grand Traverse Industries Inc is dedicated to advocating, strengthening, and advancing the dignity and opportunities of individuals with disabilities. They accomplish this mission through the provision of services and employment opportunities. The organization's actions are centered around empowering these individuals, enabling them to lead fulfilling and independent lives. The company's manufacturing, assembly, packaging, and work enclave services experienced an 8% growth in revenue compared to the previous year. This growth not only supported a 5% increase in client wages but also saw an expansion in client participation, with over 230 individuals benefiting from the organization's programming throughout the fiscal year. Additionally, rehabilitation service revenue, provided by community mental health organizations, increased year-over-year due to favorable rate negotiations. These negotiations ensured the continuous support of all programs and services offered by Grand Traverse Industries Inc, despite fluctuating client attendance related to the COVID-19 pandemic.
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Impact
July, 2024
Grand Traverse Industries Inc fiercely advocates, strengthens, and advances the dignity and opportunities of people with disabilities through its services and employment programs. In the past year, the organization experienced significant growth in production revenue generated from manufacturing, assembly, packaging, and work enclaves, resulting in an overall growth of 8% compared to the prior year. This growth supported an increase in client wages by 5%, demonstrating the positive impact on the individuals they serve.
With over 230 clients benefiting from their programming, Grand Traverse Industries has been able to continuously support all their programs and services despite fluctuations in client attendance related to the COVID-19 pandemic. The organization's commitment to negotiating favorable rates with community mental health organizations has also increased rehabilitation service revenue year-to-year, ensuring the sustainability of their impactful work.
By providing employment opportunities and advocating for the rights of individuals with disabilities, Grand Traverse Industries Inc is making a tangible difference in the lives of those they serve, empowering them to lead more fulfilling and independent lives.
This information is meant to be a general summary of Grand Traverse Industries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$44,124
- Program Service Revenue: $3,811,539
- Gross Receipts: $5,827,439
Assets and Liabilities:
- Total Assets: $6,663,673
- Total Liabilities: $2,354,253
- Net Assets: $4,309,420
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$2,592,029
PRODUCTION REVENUE
Revenue
$953,147
INTERPRETER SERVICES
Revenue
$157,723
MRS SERVICE FEES
Revenue
$108,640
Organization Details
Founding Year
1975
Phone
(231) 922-4886Principal Officer
Cindy Evans
Main Address
2170 TRAVERSEFIELD DRIVE, TRAVERSE CITY, MI, 49686
NTEE Category
Code: J300 - Employment
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