United Way of Montcalm-Ionia Counties (EIN 237136978) - Form 990 Financial Analysis & Trantor Score

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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

1953

Legal Domicile

Principal Officer

Terri Legg

Phone

6167949840

Tax Period

2024-04-01 to 2024-11-15

United Way of Montcalm-Ionia Counties, founded in 1953, is a small nonprofit that reported $104K in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $182K exceeded revenue, resulting in a 75% operating deficit.

Mission

To make studies of community needs and to provide funds for the maintenance and operations of organizations in Montcalm and Ionia counties that meet these needs.

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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 $103,841

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $103,841

Expense Breakdown

Grants Paid $35,560

Salaries & Benefits $102,748

Fundraising Expenses $10,489

Program Expenses $153,641

Other Expenses $43,741

TOTAL EXPENSES $182,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,841	$347,431	-0.7%
Expenses	$182,049	$396,516	-0.5%
Net Income	$-78,208	$-49,085	+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

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

Volunteers

420

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

$88,798

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terri Legg	President & CEO	45.00	Officer	$86,384	$2,414	$88,798
James Chesley	Director	1.50	Director	$0	$0	$0
Dayna Ellis	Director	1.50	Director	$0	$0	$0
Justin Kessler	Director	1.50	Director	$0	$0	$0
Lisa Lund	Director	1.50	Director	$0	$0	$0
Renae Osmolinski	Director	1.50	Director	$0	$0	$0
Kat Reed - Ended Early	Director	1.50	Director	$0	$0	$0
Ben Wood	Director	1.50	Director	$0	$0	$0
Jakob Bigard	Director	1.50	Director	$0	$0	$0
Kristie Smith	Director	1.50	Director	$0	$0	$0
Lauren Barker	Director	1.50	Director	$0	$0	$0
Christa Jerome	Director	1.50	Director	$0	$0	$0
Ashley Kliewer	Director	1.50	Director	$0	$0	$0
Dan Mitchell	Board Chair	2.00	Officer Director	$0	$0	$0
Sharon McInnis	Secretary	2.00	Officer Director	$0	$0	$0
Dave Seppala	Treasurer	2.00	Officer 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
2024	$103,841	$182,049	No data	$-78,208
2024	$347,431	$396,516	$212,480	$-49,085
2023	$441,968	$494,554	$285,267	$-52,586
2022	$571,648	$546,531	$309,043	$25,117
2021	$718,163	$641,432	$312,026	$76,731
2020	$284,346	$400,471	$263,121	$-116,125
2020	$298,509	$414,634	$263,121	$-116,125
2019	$312,573	$346,736	$313,946	$-34,163

United Way of Montcalm-Ionia Counties