SOUTH HAVEN 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

2005

Legal Domicile

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

TO PROMOTE AND ENRICH THE QUALITY OF LIFE FOR ALL RESIDENTS IN THE GREATER SOUTH HAVEN AREA BY HONORING ITS HERITAGE, NURTURING ITS PRESENT, AND ENDOWING ITS FUTURE.

Program Service Accomplishments

Program 1

Expenses: $218,100 Revenue: $399,129

GRANTS PROVIDED TO NON-PROFIT ORGANIZATIONS OR PROGRAMS BASED ON THE DONORS' WISHES, SUPPORTING THE GREATER SOUTH HAVEN AREA IN CHARITABLE, CULTURAL, EDUCATIONAL AND ECONOMIC DEVELOPMENT.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

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