KEWEENAW HEALTH FOUNDATION (EIN 352340440) - 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

2008

Legal Domicile

Principal Officer

JENN JENICH-LAPLANDER

Phone

9063376500

Tax Period

2023-07-01 to 2024-06-30

KEWEENAW HEALTH FOUNDATION, founded in 2008, is a small nonprofit in the Health Care sector that reported $122K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $34K, a strong 28% operating margin.

Mission

OUR MISSION IS TO DEVELOP RESOURCES WHICH WILL IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE IN OUR COMMUNITITES. OUR VISION IS TO CREATE A HEALTHIER QUALITY OF LIFE FOR THE PEOPLE OF THE KEWEENAW.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,335

Program Service Revenue $0

Investment Income $120,090

Other Revenue $0

TOTAL REVENUE $122,425

Expense Breakdown

Grants Paid $42,240

Salaries & Benefits $25,772

Fundraising Expenses $0

Program Expenses $72,024

Other Expenses $20,001

TOTAL EXPENSES $88,013

Year-over-Year Comparison

	2023	2022	Change
Revenue	$122,425	$205,892	-0.4%
Expenses	$88,013	$50,779	+0.7%
Net Income	$34,412	$155,113	-0.8%

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

N/A

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

$25,772

Total Directors

$25,772

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENN JENICH-LAPLANDER	EXECUTIVE DI	10.00	Officer Director	$14,000	$0	$14,000
EDWARD JENICH	VICE-CHAIR	10.00	Officer Director	$11,772	$0	$11,772
JOEL ASIALA	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD BARNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN BRUEGGEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL DALQUIST	CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW KRAUSE	TREASURER	1.00	Officer Director	$0	$0	$0
IAN LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
DARRYL PIERCE	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE SCHLIEF	BOARD MEMBER	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
2024	$122,425	$88,013	$3,400,867	$34,412
2023	$205,892	$50,779	$3,164,988	$155,113
2022	$111,663	$49,155	$3,018,842	$62,508
2021	$151,657	$76,834	$3,366,213	$74,823
2020	$61,976	$87,878	$3,139,461	$-25,902
2019	$199,169	$86,946	$3,165,363	$112,223

KEWEENAW HEALTH FOUNDATION