HEART OF WEST MICHIGAN UNITED WAY (EIN 381360923) - 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

1917

Legal Domicile

Principal Officer

MICHELLE VAN DYKE

Phone

6164596281

Tax Period

2023-07-01 to 2024-06-30

HEART OF WEST MICHIGAN UNITED WAY, founded in 1917, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $13.2M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Net assets of $31.5M represent 29 months of operating reserves.

Mission

TO IMPACT LIVES IN WEST MICHIGAN BY ENERGIZING AND INSPIRING PEOPLE AND ORGANIZATIONS TO MAKE A DIFFERENCE THROUGH DONATIONS AND VOLUNTEERISM. THE MOST SIGNIFICANT ACTIVITY IS RAISING FUNDS SO AGENCY PROVIDERS AND INTERNAL PROGRAMS CAN IMPROVE PEOPLE'S LIVES WITH A FOCUS ON FAMILY STABILITY, YOUTH EDUCATION AND FINANCIAL SECURITY. WE ALSO PROVIDE LEADERSHIP IN CRAFTING HUMAN CARE AGENDAS OR AS A MEMBER OF COLLABORATIVES FOCUSED ON SYSTEMIC CHANGE THAT ERADICATES INEQUITIES.

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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 $10,984,029

Program Service Revenue $1,564,059

Investment Income $603,668

Other Revenue $77,283

TOTAL REVENUE $13,229,039

Expense Breakdown

Grants Paid $6,008,118

Salaries & Benefits $4,973,029

Fundraising Expenses $1,373,645

Program Expenses $10,978,002

Other Expenses $2,246,918

TOTAL EXPENSES $13,228,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,229,039	$20,712,477	-0.4%
Expenses	$13,228,065	$18,962,532	-0.3%
Net Income	$974	$1,749,945	-1.0%

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

4586

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

$422,370

Total Directors

$282,547

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GWEN SANDEFUR	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
KRIS KURTZ	SECRETARY/TREASURER	4.00	Officer Director	$0	$0	$0
RYAN MCLEAN	VICE CHAIR	4.00	Officer Director	$0	$0	$0
BRENDAN HOFFMAN	MEMBER	1.00	Director	$0	$0	$0
SALVADOR LOPEZ	MEMBER	1.00	Director	$0	$0	$0
CHERYL WOLFE	MEMBER	1.00	Director	$0	$0	$0
GREG HAHN	MEMBER	1.00	Director	$0	$0	$0
TIM DUFLO	MEMBER	1.00	Director	$0	$0	$0
SHAUNA BAGIN	MEMBER	1.00	Director	$0	$0	$0
LEADRIANE ROBY	MEMBER	1.00	Director	$0	$0	$0
TIM WILLIAMS	MEMBER	1.00	Director	$0	$0	$0
MICHAEL BOHNSAK	MEMBER	1.00	Director	$0	$0	$0
JAMYKAL BADGER	MEMBER	1.00	Director	$0	$0	$0
TRACEY FOUNTAIN	MEMBER	1.00	Director	$0	$0	$0
TERESA HENDRICKS	MEMBER	1.00	Director	$0	$0	$0
JUAN SALAZAR	MEMBER	1.00	Director	$0	$0	$0
JENNIFER JORDAN	MEMBER	1.00	Director	$0	$0	$0
TERRY LENHARDT	MEMBER	1.00	Director	$0	$0	$0
DOUGLAS YOUNG	MEMBER	1.00	Director	$0	$0	$0
MIKE HOLLANDER	MEMBER	1.00	Director	$0	$0	$0
JEN GARCIA	MEMBER	1.00	Director	$0	$0	$0
MICHELLE VANDYKE	PRESIDENT/CEO	50.00	Officer Director	$262,787	$19,760	$282,547
LYNDSIE POST	MEMBER	1.00	Director	$0	$0	$0
MAX BISSELL	MEMBER	1.00	Director	$0	$0	$0
RAY HANCART	MEMBER	1.00	Director	$0	$0	$0
GAIL MONTGOMERY	VICE PRESIDENT-FINANCE	50.00	Officer	$122,998	$16,825	$139,823
SHANNON BLACKMON-GARDNER	VICE PRESIDENT-COMMUNITY IMPACT	50.00	Highest	$115,975	$22,380	$138,355
REBECCA POSTMA	CHIEF ADMINISTRATIVE OFFICER	50.00	Highest	$131,359	$25,507	$156,866
KEVIN MYERS	VICE PRESIDENT OF DONOR RELATIONS	50.00	Highest	$115,463	$24,292	$139,755

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	$13,229,039	$13,228,065	$33,875,774	$974
2023	$20,712,477	$18,962,532	$30,271,756	$1,749,945
2022	$56,856,308	$56,484,183	$33,929,267	$372,125
2021	$24,283,478	$22,152,179	$38,146,570	$2,131,299
2020	$14,475,974	$15,538,170	$27,392,116	$-1,062,196
2019	$14,097,246	$13,107,584	$28,810,446	$989,662

HEART OF WEST MICHIGAN UNITED WAY