SOUTH HAVEN COMMUNITY FOUNDATION

EIN: 203841038 501(c)(3) Philanthropy & Grantmaking

SOUTH HAVEN, MI

Total Revenue
$399,129
Total Expenses
$286,283
Total Assets
$6,612,690
Net Assets
$6,444,071
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MI
Principal Officer
ROGER BEGLIN
Phone
2698154223
Tax Period
2024-01-01 to 2024-12-31

SOUTH HAVEN COMMUNITY FOUNDATION, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $399K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $113K, a strong 28% operating margin.

Mission

THE SOUTH HAVEN AREA COMMUNITY FOUNDATION IS DEDICATED TO ENRICHING THE QUALITY OF LIFE IN THE AREA BY SECURING ITS FUTURE THROUGH ENDOWMENTS.

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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 $236,698
Program Service Revenue $34,881
Investment Income $127,550
Other Revenue $0
TOTAL REVENUE $399,129

Expense Breakdown

Grants Paid $218,100
Salaries & Benefits $0
Fundraising Expenses $840
Program Expenses $218,100
Other Expenses $68,183
TOTAL EXPENSES $286,283

Year-over-Year Comparison

2024 2023 Change
Revenue $399,129 $585,047 -0.3%
Expenses $286,283 $57,017 +4.0%
Net Income $112,846 $528,030 -0.8%
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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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
18

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
4
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROGER BEGLIN TREASURER 4.00
Officer Director
$0 $0 $0
JIM MARCOUX EXECUTIVE DIRECTOR 4.00
Director
$0 $0 $0
MATTHEW BO STREBECK MEMBER 2.00
Director
$0 $0 $0
MARY HOSLEY SECRETARY 2.00
Officer Director
$0 $0 $0
IDA SLEDGE MEMBER 2.00
Director
$0 $0 $0
DELORES ATKINS VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ANDREW BARNES MEMBER 2.00
Director
$0 $0 $0
KRISTI BEVEVINO MEMBER 2.00
Director
$0 $0 $0
DENE HADDEN MEMBER 2.00
Director
$0 $0 $0
TAMMARA HUDSON MEMBER 2.00
Director
$0 $0 $0
DAN LIEHR MEMBER 2.00
Director
$0 $0 $0
SUZANNE LOAFMAN MEMBER 2.00
Director
$0 $0 $0
THOMAS POWELL MEMBER 2.00
Director
$0 $0 $0
ROBERT STRAITS PRESIDENT 2.00
Officer Director
$0 $0 $0
JANICE VARNEY MEMBER 2.00
Director
$0 $0 $0
ANGELICA GALLEGOS-DICKERSON MEMBER 2.00
Director
$0 $0 $0
TOM RUMMEL MEMBER 2.00
Director
$0 $0 $0
ALIDA ZAMBONI MEMBER 2.00
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 $399,129 $286,283 $6,612,690 $112,846
2023 $1,506,261 $251,552 $5,502,878 $1,254,709
2023 $585,047 $57,017 $6,025,558 $528,030
2022 $818,254 $197,707 $3,890,424 $620,547
2021 $2,013,136 $109,101 $4,014,116 $1,904,035
2020 $829,887 $119,204 $1,732,420 $710,683
2018 $160,062 $38,284 $852,519 $121,778
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