Great Lakes Credit and Collection Inc
Nonprofit profile at a glance
- EIN
- 390898846
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-EZ 2014, Form 990-N 2015
- Location
- Eagan, MN, USA
- Phone
- 9522592143
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $158,416
- Expenses
- $144,195
- Assets
- $592,006
- Liabilities
- $20,034
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JAIME BARTHEL (IMMEDIATE PAST PRESIDENT)
- NATE KALNINS (PRESIDENT)
- RYAN MATRISCH (IMMEDIATE PAST PRESIDENT)
- TOM OLDANI (PRESIDENT-ELECT)
People named in this filing
- ANDREA QUIST (DIRECTOR)
- JAIME BARTHEL (IMMEDIATE PAST PRESIDENT)
- JESSICA ALBRECHT (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule ofurther and promote the general welfare of the credit collection profession; regulate practices, prescribe ethics and enforce proper conduct as defined by the aca international (aca) code of conduct among its member; promote the adoption of legislation favorable to the rights of collectors and credit grantors; and gather and disseminate material relative to the collection profession which may be valuable to members of the association.
What it reported doing in 2024
The great lakes credit and collection association provided education to the industry during the year.
Operating model
- Revenue model
- Earned-program. 63% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.2%; rating input score 91
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 9%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 4.11; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 47.8% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 6.7% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 13.2% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 91.2% of revenue deployed · 100% of spending went to programs
- Governance: 11 of 11 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $144K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Review — Sustainability: Operating margin scored 58/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.