LAPEER COUNTY COMMUNITY FOUNDATION

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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

Principal Officer

MICHAEL BURKE

Phone

8106640691

Tax Period

2024-01-01 to 2024-12-31

LAPEER COUNTY COMMUNITY FOUNDATION, founded in 2004, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.6M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.4M, a strong 55% operating margin.

Mission

TO PROVIDE GRANTS TO INDIVIDUALS AND ORGANIZATIONS OF LAPEER COUNTY FOR THE PURPOSE OF ENHANCING THE QUALITY OF LIFE

Program Service Accomplishments

Program 1

Expenses: $171,250

PROVIDING COLLEGE SCHOLARHIPS TO STUDENTS OF VARIOUS HIGH SCHOOLS LOCATED IN LAPEER COUNTY, MICHIGAN ENABLING THEM TO PURSUE HIGHER EDUCATION GOALS AND TO ENHANCE THE QUALITY OF LIFE.

Program 2

Expenses: $367,687

PROVIDING GRANTS TO VARIOUS ORGANIZATIONS LOCATED IN LAPEER COUNTY, MICHIGAN ENABLING THEM TO PURCHASE SPECIAL EQUIPMENT TO IMPROVE SERVICES, PROVIDE EDUCATIONAL SEMINARS, OR PROMOTE...

PROVIDING GRANTS TO VARIOUS ORGANIZATIONS LOCATED IN LAPEER COUNTY, MICHIGAN ENABLING THEM TO PURCHASE SPECIAL EQUIPMENT TO IMPROVE SERVICES, PROVIDE EDUCATIONAL SEMINARS, OR PROMOTE COMMUNITY-ORIENTED SERVICES WHICH ENHANCE THE QUALITY OF LIFE IN LAPEER COUNTY.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,301,080

Program Service Revenue $0

Investment Income $1,000,188

Other Revenue $282,855

TOTAL REVENUE $2,584,123

Expense Breakdown

Grants Paid $538,937

Salaries & Benefits $220,410

Fundraising Expenses $0

Program Expenses $538,937

Other Expenses $398,434

TOTAL EXPENSES $1,157,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,584,123	$4,172,731	-0.4%
Expenses	$1,157,781	$1,126,203	+0.0%
Net Income	$1,426,342	$3,046,528	-0.5%

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

Governance

Voting Members

Independent Members

Employees

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

$100,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY BOXEY	EXEC DIR	40.00	Officer	$100,000	$0	$100,000
ERIC CASSABON	TRUSTEE	1.00	Director	$0	$0	$0
RICK FLEMING	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL GILDNER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL HODGES	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT MCKENNA	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN MOREY	TRUSTEE	1.00	Director	$0	$0	$0
BOB RIEHL	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE ROBINSON	TRUSTEE	1.00	Director	$0	$0	$0
DANA WALKER	TRUSTEE	1.00	Director	$0	$0	$0
STEVE ZOTT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BURKE	CHAIRMAN	1.00	Officer	$0	$0	$0
WILLIAM GIBBONS CPA	TREASURER	1.00	Officer	$0	$0	$0
EMILY CASWELL	SECRETARY	1.00	Officer	$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
2024	$2,584,123	$1,157,781	$19,743,038	$1,426,342
2023	$4,172,731	$1,126,203	$17,191,136	$3,046,528
2022	$1,769,199	$925,497	$12,881,802	$843,702
2021	$1,615,600	$895,708	$14,377,422	$719,892
2020	$1,023,062	$846,532	$12,500,898	$176,530
2019	$1,098,548	$703,526	$11,526,148	$395,022
2018	$1,207,209	$734,511	$9,605,827	$472,698