NORTHERN MICHIGAN CATHOLIC FOUNDATION

EIN: 300210866 501(c)(3) Religion

TRAVERSE CITY, MI

Total Revenue
$6,737,020
Total Expenses
$772,277
Total Assets
$44,671,854
Net Assets
$44,624,155
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MI
Principal Officer
TOM HARDY
Phone
2319229070
Tax Period
2024-01-01 to 2024-12-31

NORTHERN MICHIGAN CATHOLIC FOUNDATION, founded in 1998, is a community nonprofit in the Religion sector that reported $6.7M in total revenue in fiscal year 2024. Revenue surged 105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.0M, a strong 89% operating margin.

Mission

THE FOUNDATION IS ORGANIZED TO SUPPORT FINANCIALLY THE SPIRITUAL, EDUCATIONAL, AND SOCIAL NEEDS OF THE LOCAL ROMAN CATHOLIC COMMUNITY WITHIN THE DIOCESE OF GAYLORD AND TO PROVIDE RESPONSIBLE AND EFFECTIVE FUNDRAISING, FINANCIAL MANAGEMENT, STEWARDSHIP, AND USE OF RESOURCES WITH DUE REGARD TO THE TEACHINGS OF THE ROMAN CATHOLIC FAITH.

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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 $4,662,658
Program Service Revenue $0
Investment Income $2,074,362
Other Revenue $0
TOTAL REVENUE $6,737,020

Expense Breakdown

Grants Paid $523,399
Salaries & Benefits $146,546
Fundraising Expenses $75,249
Program Expenses $584,155
Other Expenses $102,332
TOTAL EXPENSES $772,277

Year-over-Year Comparison

2024 2023 Change
Revenue $6,737,020 $3,291,678 +1.0%
Expenses $772,277 $954,927 -0.2%
Net Income $5,964,743 $2,336,751 +1.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
1
Volunteers
9

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
$127,366
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV JAMES HAYDEN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN PUETZ TREASURER 1.00
Officer Director
$0 $0 $0
JOEL R MYLER CHAIRMAN 2.00
Officer Director
$0 $0 $0
TIMOTHY J CLULO VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
STEFAN SCHOLL DIRECTOR 1.00
Director
$0 $0 $0
WAYNE MUELLER DIRECTOR 1.00
Director
$0 $0 $0
CLIFF ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
MOST REV JEFFERY J WALSH DIRECTOR (NON-VOTING) 1.00
Director
$0 $0 $0
RON G HARRIS DIRECTOR 1.00
Director
$0 $0 $0
TOM HARDY PRESIDENT 40.00
Officer
$110,000 $17,366 $127,366
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 No data No data No data No data
2024 $6,737,020 $772,277 $44,671,854 $5,964,743
2023 $3,291,678 $954,927 $36,212,071 $2,336,751
2022 $6,801,988 $816,606 $30,264,807 $5,985,382
2021 $2,831,837 $822,422 $29,204,956 $2,009,415
2020 $1,792,383 $850,803 $25,526,060 $941,580
2019 $1,924,290 $808,878 $22,819,541 $1,115,412
2018 $2,077,860 $361,814 $19,090,340 $1,716,046
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