LENDING HANDS OF MICHIGAN INC

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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

2005

Legal Domicile

Principal Officer

TRACEY HATCH

Phone

2695674381

Tax Period

2024-01-01 to 2024-12-31

LENDING HANDS OF MICHIGAN INC, founded in 2005, is a small nonprofit in the Diseases & Disorders sector that reported $207K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $191K left a modest 8% surplus.

Mission

THE MISSION OF LENDING HANDS IS TO LEND VARIOUS KINDS OF HOME MEDICAL AND OTHER RELATED EQUIPMENT, FOR FREE AND ON A TEMPORARY BASIS, TO ANYONE LIVING IN OUR SERVICE AREA WITHOUT REGARD TO AGE, RACE, SEX, CREED, INCOME OR DISABILITY.

Program Service Accomplishments

Program 1

Expenses: $176,297

IN 2024, 5,158 CLIENTS WERE PROVIDED 4,473 PIECES OF FREE HOME MEDICAL EQUIPMENT.

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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 $206,739

Program Service Revenue $0

Investment Income $47

Other Revenue $79

TOTAL REVENUE $206,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,634

Fundraising Expenses $14,459

Program Expenses $176,297

Other Expenses $135,122

TOTAL EXPENSES $190,756

Year-over-Year Comparison

	2024	2023	Change
Revenue	$206,865	$219,645	-0.1%
Expenses	$190,756	$199,137	0.0%
Net Income	$16,109	$20,508	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE VANDERNOOT	DIRECTOR	1.00	Director	$0	$0	$0
ART ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
DAN STORY	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY QUARDOKAS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAY ASHER	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM STOWERS	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY HATCH	CHAIR	1.00	Officer Director	$0	$0	$0
ANNE ZEMLICK RN	DIRECTOR	1.00	Director	$0	$0	$0
HELEN PALLESCHI	DIRECTOR	1.00	Director	$0	$0	$0
JUDY SIVAK	DIRECTOR	1.00	Director	$0	$0	$0
DEMETRA D LAFAYETTE	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA SHAUER	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$206,865	$190,756	$319,305	$16,109
2023	$219,645	$199,137	$301,859	$20,508
2022	$276,750	$134,771	$282,789	$141,979