LEADINGAGE MICHIGAN EDUCATIONAL FOUNDATION

EIN: 371432962 501(c)(3) Education

LANSING, MI

Total Revenue
$407,743
Total Expenses
$447,423
Total Assets
$118,680
Net Assets
$-2,158,035
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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
1999
Legal Domicile
MI
Principal Officer
DAVID HERBEL
Phone
5173233687
Tax Period
2022-07-01 to 2023-06-30

LEADINGAGE MICHIGAN EDUCATIONAL FOUNDATION, founded in 1999, is a small nonprofit in the Education sector that reported $408K in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO CARRY ON EDUCATIONAL ACTIVITIES RELATING TO HOUSING, SUPPORTED LIVING, AND LONG-TERM NURSING AND OTHER HEALTH CARE FOR THE ELDERLY AND DISABLED.

Program Service Accomplishments

Program 1
Expenses: $252,380 Revenue: $202,603

EDUCATIONAL PROGRAMS AND INFORMATION FOR OWNERS, OPERATORS, AND STAFF OF LONG TERM FACILITIES, ORGANIZATIONS, AND OTHER INTERESTED PARTIES REGARDING QUALITY CARE AND REGULATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $85,590
Program Service Revenue $202,603
Investment Income $0
Other Revenue $119,550
TOTAL REVENUE $407,743

Expense Breakdown

Grants Paid $0
Salaries & Benefits $139,046
Fundraising Expenses $0
Program Expenses $252,380
Other Expenses $308,377
TOTAL EXPENSES $447,423

Year-over-Year Comparison

2022 2021 Change
Revenue $407,743 $353,257 +0.2%
Expenses $447,423 $559,852 -0.2%
Net Income $-39,680 $-206,595 -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

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
6

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
3
$384,104
Total Directors
7
$384,104
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID HERBEL PRESIDENT 3.00
Officer Director
$0 $40,732 $384,104
DANA PRINCE VICE CHAIR 3.00
Officer Director
$0 $0 $0
DAVE BOS CHAIR 3.00
Officer Director
$0 $0 $0
JAMIE LALONDE DIRECTOR 3.00
Director
$0 $0 $0
KARI RENNIE DIRECTOR 3.00
Director
$0 $0 $0
TIM STOLL DIRECTOR 3.00
Director
$0 $0 $0
JULIA WELLINGS DIRECTOR 3.00
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 No data No data No data No data
2023 $407,743 $447,423 $118,680 $-39,680
2022 $353,257 $559,852 $48,080 $-206,595
2021 $161,616 $483,782 $57,728 $-322,166
2020 $275,478 $571,322 $148,972 $-295,844
2019 $594,194 $690,191 $285,896 $-95,997
2018 $471,224 $726,293 $146,094 $-255,069
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