Char-Em United Way Inc

EIN: 237049778 501(c)(3)

Petoskey, MI

Total Revenue
$280,319
Total Expenses
$263,114
Total Assets
$490,027
Net Assets
$397,817
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MI
Phone
3124021954
Tax Period
2020-07-01 to 2021-06-30

Char-Em United Way Inc, founded in 1995, is a small nonprofit that reported $280K in total revenue in fiscal year 2020. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $263K left a modest 6% surplus.

Mission

Char-Em United Way serves as a catalyst to develop new strategies and services to meet currently unmet needs, primarily in the areas of education, income stability, and community health. Char-Em United Way also provides financial and other support to effective health and human service programs which meet identified community needs, serves as the local administer for the Federal Emergency Food and Shelter Program, coordinates volunteers for community organizations, provides prescription discount cards, and advocates for area citizens.

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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 (2020)

Revenue Breakdown

Contributions & Grants $272,126
Program Service Revenue $0
Investment Income $8,193
Other Revenue $0
TOTAL REVENUE $280,319

Expense Breakdown

Grants Paid $105,003
Salaries & Benefits $55,941
Fundraising Expenses $21,303
Program Expenses $206,225
Other Expenses $102,170
TOTAL EXPENSES $263,114

Year-over-Year Comparison

2020 2019 Change
Revenue $280,319 $415,060 -0.3%
Expenses $263,114 $367,433 -0.3%
Net Income $17,205 $47,627 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
500

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
5
$46,798
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rebeca Otto Executive Dir. 40.00
Officer
$46,798 $0 $46,798
Melanie Leaver President 1.00
Officer Director
$0 $0 $0
Mark Heydlauff Vice President 1.00
Officer Director
$0 $0 $0
Chris Montague Treasurer 1.00
Officer Director
$0 $0 $0
Penny Crim Secretary 1.00
Officer Director
$0 $0 $0
Dan Wollschlager Director 1.00
Director
$0 $0 $0
Dave Gerathy Director 1.00
Director
$0 $0 $0
Bruce Herard Director 1.00
Director
$0 $0 $0
Valerie Snyder Director 1.00
Director
$0 $0 $0
Jessica Shaw-Nolff Director 1.00
Director
$0 $0 $0
Rose Fitzgerald Director 1.00
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
2021 $280,319 $263,114 $490,027 $17,205
2020 $415,060 $367,433 $447,337 $47,627
2019 $333,254 $406,261 $421,279 $-73,007
2018 $372,596 $406,964 $497,407 $-34,368
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