Union Microfinanza Inc

EIN: 271044964 501(c)(3) International Affairs

Grand Haven, MI

Total Revenue
$205,269
Total Expenses
$122,742
Total Assets
$463,847
Net Assets
$365,267
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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
2009
Legal Domicile
MI
Principal Officer
Charles Heins
Phone
3217272120
Tax Period
2024-04-01 to 2025-03-31

Union Microfinanza Inc, founded in 2009, is a small nonprofit in the International Affairs sector that reported $205K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 40% operating margin.

Mission

The organization is dedicated to improving the condition of impoverished rural communities through innovation and research.

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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 (2024)

Revenue Breakdown

Contributions & Grants $135,944
Program Service Revenue $8,005
Investment Income $3,008
Other Revenue $58,312
TOTAL REVENUE $205,269

Expense Breakdown

Grants Paid $0
Salaries & Benefits $56,896
Fundraising Expenses $0
Program Expenses $85,419
Other Expenses $65,846
TOTAL EXPENSES $122,742

Year-over-Year Comparison

2024 2023 Change
Revenue $205,269 $129,176 +0.6%
Expenses $122,742 $90,238 +0.4%
Net Income $82,527 $38,938 +1.1%
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
5
Independent Members
5
Employees
1
Volunteers
50

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
4
$14,992
Total Directors
4
$14,992
Key Employees
1
$14,992
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andrew Boyd Treasurer 2.00
Officer Director
$0 $0 $0
Doug Heins Secretary 2.00
Officer Director
$0 $0 $0
Charles Heins President 40.00
Officer Director Key Emp
$14,992 $0 $14,992
Heather Farrell officer 2.00
Officer
$0 $0 $0
Mike O'Leary officer 2.00
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
2025 $205,269 $122,742 $463,847 $82,527
2024 $129,176 $90,238 $409,409 $38,938
2023 $94,827 $55,105 $398,295 $39,722
2022 $91,311 $67,487 $263,614 $23,824
2021 $69,795 $65,808 $268,395 $3,987
2020 $110,275 $66,795 $281,235 $43,480
2019 $105,129 $82,401 $252,891 $22,728
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