Muskegon County Catholic Education Foundation Inc

EIN: 237019036 501(c)(3) Education

Muskegon, MI

Total Revenue
$1,030,754
Total Expenses
$1,428,280
Total Assets
$7,919,094
Net Assets
$7,689,094
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
MI
Principal Officer
Jerry McDowell
Phone
2317551000
Tax Period
2024-07-01 to 2025-06-30

Muskegon County Catholic Education Foundation Inc, founded in 1969, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 39% operating deficit.

Mission

To provide financial support to the Catholic schools in Muskegon County, Michigan. The Foundation provides fundraising, investment and endowments to assist the Catholic schools and provide tuition assistance.

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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 $857,079
Program Service Revenue $0
Investment Income $-50,457
Other Revenue $224,132
TOTAL REVENUE $1,030,754

Expense Breakdown

Grants Paid $1,353,836
Salaries & Benefits $0
Fundraising Expenses $1,646
Program Expenses $1,353,836
Other Expenses $74,444
TOTAL EXPENSES $1,428,280

Year-over-Year Comparison

2024 2023 Change
Revenue $1,030,754 $901,182 +0.1%
Expenses $1,428,280 $1,217,734 +0.2%
Net Income $-397,526 $-316,552 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
200

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
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tom Ladd Board Chair 0.00
Officer Director
$0 $0 $0
Andy Price Vice Board Chair 0.00
Officer Director
$0 $0 $0
Katie Norton Secretary 0.00
Officer Director
$0 $0 $0
Brian Nolan Treasurer 0.00
Officer Director
$0 $0 $0
Brian Delong Trustee 0.00
Director
$0 $0 $0
Jennifer Haworth Trustee 0.00
Director
$0 $0 $0
Liz Heminger Trustee 0.00
Director
$0 $0 $0
Angie Kalisz Trustee 0.00
Director
$0 $0 $0
Kyle Kilpatrick Trustee 0.00
Director
$0 $0 $0
Jennifer Offman Trustee 0.00
Director
$0 $0 $0
Sheila Salisz Trustee 0.00
Director
$0 $0 $0
Jim Roberts Trustee 0.00
Director
$0 $0 $0
Thomas Trzaska Trustee 0.00
Director
$0 $0 $0
Kirk Antekeier Trustee 0.00
Director
$0 $0 $0
Michael Banka Trustee 0.00
Director
$0 $0 $0
Michael Bernhardt Trustee 0.00
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 $1,030,754 $1,428,280 $7,919,094 $-397,526
2024 $901,182 $1,217,734 No data $-316,552
2023 $1,076,638 $1,355,722 $7,249,610 $-279,084
2022 $1,074,519 $1,474,955 $7,339,117 $-400,436
2021 $777,719 $1,009,019 $8,883,184 $-231,300
2020 $1,270,329 $1,484,726 $7,286,269 $-214,397
2019 $1,633,996 $1,953,125 $9,465,636 $-319,129
2018 $1,179,686 $1,346,195 $10,150,977 $-166,509
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