Local Initiatives for Education

EIN: 200844235 501(c)(3) Education

Coldwater, MI

Total Revenue
$1,240,515
Total Expenses
$1,307,325
Total Assets
$317,177
Net Assets
$80,444
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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
2004
Legal Domicile
MI
Principal Officer
Marvin M Bozard
Phone
5172382936
Tax Period
2024-01-01 to 2024-12-31

Local Initiatives for Education, founded in 2004, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

Provide health education and training resources for children and adults in lesser developed areas of the world

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,240,515
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,240,515

Expense Breakdown

Grants Paid $1,294,993
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,191,243
Other Expenses $12,332
TOTAL EXPENSES $1,307,325

Year-over-Year Comparison

2024 2023 Change
Revenue $1,240,515 $1,154,768 +0.1%
Expenses $1,307,325 $1,160,873 +0.1%
Net Income $-66,810 $-6,105 +9.9%
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
N/A

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARVIN M BOZARD President Treasurer 15.00
Officer Director
$0 $0 $0
CYNTHIA S BOZARD Secretary 25.00
Officer Director
$0 $0 $0
LORRAINE B NORDMEYER Director 5.00
Director
$0 $0 $0
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 No data No data No data No data
2024 $1,240,515 $1,307,325 $317,177 $-66,810
2023 $1,154,768 $1,160,873 $430,277 $-6,105
2022 $1,256,433 $1,252,579 $475,566 $3,854
2021 $833,967 $857,511 $358,077 $-23,544
2020 $544,851 $440,737 $357,377 $104,114
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