EMPLOYERS' ASSOCIATION OF GRAND RAPIDS MICHIGAN (EIN 380519453) - 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

1939

Legal Domicile

Principal Officer

NICHOLAS KACHER

Phone

6166981167

Tax Period

2024-01-01 to 2024-12-31

EMPLOYERS' ASSOCIATION OF GRAND RAPIDS MICHIGAN, founded in 1939, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE EMPLOYERS' ASSOCIATION PROVIDES PRACTICAL HUMAN RESOURCE SOLUTIONS TO WEST MICHIGAN EMPLOYERS THAT PROMOTE OPERATIONAL EXCELLENCE AND SUSTAINABILITY.

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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 $658,004

Program Service Revenue $651,876

Investment Income $127,539

Other Revenue $77,764

TOTAL REVENUE $1,515,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $905,640

Fundraising Expenses $9,305

Other Expenses $659,485

TOTAL EXPENSES $1,565,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,515,183	$1,330,499	+0.1%
Expenses	$1,565,125	$1,440,579	+0.1%
Net Income	$-49,942	$-110,080	-0.5%

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

$116,551

Total Directors

$116,551

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS KACHER	PRESIDENT	40.00	Officer Director	$116,551	$0	$116,551
BRENDA DENZEL	DIRECTOR	1.00	Director	$0	$0	$0
JAY DUNWELL	DIRECTOR	1.00	Director	$0	$0	$0
FLORIZA GENAUTIS	CHAIR	1.00	Officer Director	$0	$0	$0
JAMIE KOETJE	TREASURER	1.00	Officer Director	$0	$0	$0
SAMUEL OJO	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PRESTON	DIRECTOR	1.00	Director	$0	$0	$0
JOEL RUITER	DIRECTOR	1.00	Director	$0	$0	$0
NELSON SANCHEZ	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	$1,515,183	$1,565,125	$1,885,670	$-49,942
2023	$1,330,499	$1,440,579	$1,841,663	$-110,080
2022	$1,029,152	$1,397,297	$1,984,861	$-368,145
2021	$1,556,103	$1,211,203	$2,368,406	$344,900
2020	$904,455	$1,174,774	$1,848,193	$-270,319
2019	$1,380,842	$1,354,573	$1,984,599	$26,269
2018	$1,336,501	$1,317,298	$1,805,607	$19,203

EMPLOYERS' ASSOCIATION OF GRAND RAPIDS MICHIGAN