GRAND HAVEN, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GRAND HAVEN AREA COMMUNITY FOUNDATION INC, founded in 1971, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $21.5M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.2M, a strong 34% operating margin.
THE GRAND HAVEN AREA COMMUNITY FOUNDATION IS GOVERNED BY A VOLUNTEER BOARD OF TRUSTEES. OUR MISSION: WE ENHANCE THE QUALIFY OF LIFE FOR ALL BY WORKING TOGETHER TO COLLECTIVELY ADDRESS CHALLENGES AND OPPORTUNITIES THROUGHOUT WEST MICHIGAN. OUR VISION: WE ADVANCE THE WELL BEING OF OUR COMMUNITIES BY CREATING THE VERY BEST PLACES TO LIVE, LEARN, WORK, GIVE AND ENGAGE. WE STRIVE FOR COMMUNITY IMPROVEMENT THROUGH STRATEGIC GRANTMAKING IN PRIORITY AREAS OF DIVERSITY & INCLUSION, EDUCATION, ECONOMIC & COMMUNITY BETTERMENT, HEALTH & HUMAN SERVICES, ARTS & CULTURE AND THE ENVIRONMENT, WITHOUT DISCRIMINATION AS TO RACE, COLOR OR CREED.
FOR THE COMPETITIVE GRANT PROGRAM, OUR PROGRAM SERVICE ACCOMPLISHMENTS FOCUS ON THE FOLLOWING PRIORITY AREAS: ARTS & CULTURE, DIVERSITY, EQUITY & INCLUSION, ENVIRONMENT, EDUCATION, ECONOMIC &...
FOR THE COMPETITIVE GRANT PROGRAM, OUR PROGRAM SERVICE ACCOMPLISHMENTS FOCUS ON THE FOLLOWING PRIORITY AREAS: ARTS & CULTURE, DIVERSITY, EQUITY & INCLUSION, ENVIRONMENT, EDUCATION, ECONOMIC & COMMUNITY BETTERMENT, HEALTH & HUMAN SERVICES. ALL ORGANIZATIONS STATE IN WRITING HOW THEY WILL USE THE FUNDS AWARDED. THEY ARE ALSO REQUIRED TO SUBMIT AN EVALUTION REPORT ON HOW THE FUNDS WERE USED. THE GRANTS COMMITTEE MAKES RECOMMENDATIONS TO THE BOARD OF TRUSTEES AND THE BOARD VOTES ON THE GRANTS FOR APPROVAL OR DENIAL AT THEIR QUARTERLY MEETINGS. FOR ALL OTHER GRANT AWARDS, A GRANT RECOMMENDATION FORM IS SUBMITTED BY THE APPROPRIATE FUND REPRESENTATIVE. COMMUNITY FOUNDATION STAFF FOLLOW DUE DILIGENCE PROTOCOL IN CONFIRMING THE CHARITABLE STATUS OF THE GRANTEE ORGANIZATION. THE BOARD OF TRUSTEES REVIEWS AND APPROVES THESE GRANTS AS PART OF THEIR QUARTERLY MEETINGS. THE GRANT CHECK IS ISSUED DIRECTLY TO THE NONPROFIT ORGANIZATION WITH A COVER LETTER IDENTIFYING THE FUND FROM WHICH THE GRANT IS AWARDED AND THE SPECIFIC PURPOSE OF THE GRANT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $21,451,520 | $17,344,326 | +0.2% |
| Expenses | $14,250,690 | $11,762,215 | +0.2% |
| Net Income | $7,200,830 | $5,582,111 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KEITH KONARSKA | TRUSTEE/VICE CHAIR/BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CINDY ANDERSON | TRUSTEE/BOARD CHAIR - PART YEAR (JAN-MAY) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAT VERDUIN | TRUSTEE/SECRETARY - PART YEAR (JAN-MAY) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| REYNA MASKO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROB PEEL | TRUSTEE/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NATALIA KOVICAK | TRUSTEE/SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHIRLEY WOODRUFF | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY CAROLE COTTER | TRUSTEE/TREASURER/VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID SWAIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRANDON BROWN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DEAN REISNER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CINDY MOE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER HAINES | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HADLEY STRENG | PRESIDENT | 40.00 |
Officer
|
$278,368 | $50,905 | $329,273 |
| CHRISTOPHER RIKER | V.P. ADVANCEMENT & DONOR SERVICES | 40.00 |
Highest
|
$143,936 | $32,924 | $176,860 |
| HOLLY COLE | V.P. GRANTS & PROGRAM | 40.00 |
Highest
|
$138,089 | $23,250 | $161,339 |
| PATRICIA MACDONALD | V.P. FINANCE & ADMINISTRAT | 40.00 |
Highest
|
$142,492 | $12,037 | $154,529 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $21,451,520 | $14,250,690 | $192,887,178 | $7,200,830 |
| 2023 | $17,344,326 | $11,762,215 | $182,746,977 | $5,582,111 |
| 2022 | $17,775,794 | $11,858,947 | $158,176,337 | $5,916,847 |
| 2021 | $23,464,810 | $10,395,033 | $189,481,921 | $13,069,777 |
| 2020 | $17,092,926 | $9,752,353 | $161,464,953 | $7,340,573 |
| 2019 | $11,886,063 | $9,529,273 | $143,459,073 | $2,356,790 |
| 2018 | $13,891,804 | $9,367,510 | $116,318,297 | $4,524,294 |
Compare GRAND HAVEN AREA COMMUNITY FOUNDATION INC with other nonprofits in Michigan and across the country.