COMMUNITY FOUNDATION FOR NORTHEAST MICHIGAN

EIN: 237384822 501(c)(3) Philanthropy & Grantmaking

ALPENA, MI

Total Revenue
$5,246,813
Total Expenses
$3,112,890
Total Assets
$80,397,741
Net Assets
$66,236,328
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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
1974
Legal Domicile
MI
Principal Officer
KATIE YOUNG-ENGSTROM
Phone
9893546881
Tax Period
2023-10-01 to 2024-09-30

COMMUNITY FOUNDATION FOR NORTHEAST MICHIGAN, founded in 1974, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $2.1M, a strong 41% operating margin.

Mission

TO FULFILL THE CHARITABLE GOALS OF OUR DONORS AND ADDRESS THE CURRENT & FUTURE NEEDS OF OUR COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,487,758
Program Service Revenue $0
Investment Income $2,247,404
Other Revenue $-488,349
TOTAL REVENUE $5,246,813

Expense Breakdown

Grants Paid $2,297,577
Salaries & Benefits $484,641
Fundraising Expenses $123,941
Program Expenses $2,639,821
Other Expenses $330,672
TOTAL EXPENSES $3,112,890

Year-over-Year Comparison

2023 2022 Change
Revenue $5,246,813 $6,092,215 -0.1%
Expenses $3,112,890 $2,677,028 +0.2%
Net Income $2,133,923 $3,415,187 -0.4%
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

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Governance

Voting Members
16
Independent Members
16
Employees
6
Volunteers
N/A

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
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK HERAGHTY EXECUTIVE DI N/A
Highest
$111,217 $0 $111,217
PATTY ARCHAMBO TRUSTEE N/A
Director
$0 $0 $0
ALEXIS BEDARD YOUTH TRUSTE N/A
Director
$0 $0 $0
ANNE BELANGER TRUSTEE N/A
Director
$0 $0 $0
CHELSIE BIELAS YOUTH TRUSTE N/A
Director
$0 $0 $0
TRACEY D'AUGUSTINO TRUSTEE N/A
Director
$0 $0 $0
KIM GILDNER TREASURER N/A
Officer Director
$0 $0 $0
BRYAN HALL TRUSTEE N/A
Director
$0 $0 $0
DEB KRUTTLIN TRUSTEE N/A
Director
$0 $0 $0
LOIS MARSHALL SECRETARY N/A
Officer Director
$0 $0 $0
JOYCE MCCOY VICE PRESIDE N/A
Officer Director
$0 $0 $0
SCOTT MCLENNAN TRUSTEE N/A
Director
$0 $0 $0
CLIFF MILLER TRUSTEE N/A
Director
$0 $0 $0
BARBARA MILLS TRUSTEE N/A
Director
$0 $0 $0
ANDREA ROSE TRUSTEE N/A
Director
$0 $0 $0
ANDY STONE PAST PRESIDE N/A
Officer Director
$0 $0 $0
KATIE YOUNG-ENGSTROM PRESIDENT N/A
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 $5,246,813 $3,112,890 $80,397,741 $2,133,923
2023 $6,092,215 $2,677,028 $67,533,897 $3,415,187
2022 $10,053,011 $2,938,938 $57,315,462 $7,114,073
2021 $11,593,887 $2,557,785 $66,334,779 $9,036,102
2020 $3,946,905 $2,639,684 $51,032,158 $1,307,221
2019 $3,114,311 $2,227,466 $48,281,377 $886,845
2018 $5,500,754 $2,169,893 $47,831,062 $3,330,861
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