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 FOUNDATION RECEIVES GIFTS, BEQUESTS, AND DONATIONS TO BE HELD IN TRUST AND ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES, PRIMARILY IN AND FOR, BUT NOT LIMITED TO, THE BENEFIT OF THE PEOPLE OF OTTAWA COUNTY AND THE WESTERN MICHIGAN AREA.
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.