Presbyterian Villages of Michigan

EIN: 381387145 501(c)(3) Human Services

Southfield, MI

Total Revenue
$18,960,903
Total Expenses
$10,128,691
Total Assets
$49,284,700
Net Assets
$40,380,982
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
MI
Principal Officer
Bruce Blalock
Tax Period
2023-01-01 to 2023-12-31

Presbyterian Villages of Michigan, founded in 1945, is a mid-sized nonprofit in the Human Services sector that reported $19.0M in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.8M, a strong 47% operating margin.

Mission

Guided by our Christian heritage, we serve seniors of all faiths and to create new possibilities for quality living.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,594,717
Program Service Revenue $5,330,820
Investment Income $326,014
Other Revenue $709,352
TOTAL REVENUE $18,960,903

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,478,809
Fundraising Expenses $0
Program Expenses $1,434,315
Other Expenses $4,649,882
TOTAL EXPENSES $10,128,691

Year-over-Year Comparison

2023 2022 Change
Revenue $18,960,903 $10,731,990 +0.8%
Expenses $10,128,691 $8,704,962 +0.2%
Net Income $8,832,212 $2,027,028 +3.4%
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
21
Independent Members
20
Employees
837
Volunteers
20

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
16
$2,109,337
Total Directors
21
$486,718
Key Employees
1
$486,718
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Roger Myers President and CEO 040.00
Officer Director Key Emp
$486,718 $0 $486,718
Brian Carnaghi Treasurer and CFO 040.00
Officer
$314,570 $0 $314,570
Bruce Blalock SVP of Finance OG 040.00
Officer
$259,847 $0 $259,847
LaDonna Holley Sr VP of Human Resources 040.00
Officer
$237,550 $0 $237,550
Mark Kronner Chief Technology Officer 040.00
Officer
$185,611 $0 $185,611
Lynn Alexander Sr VP of Public Relations 040.00
Officer
$176,290 $0 $176,290
Katrina Summersett Dir of Risk Management 040.00
Officer
$157,238 $0 $157,238
Ian Wiesner VP of Facilities Dev 040.00
Officer
$156,953 $0 $156,953
Kevin Petru Dir of Real Estate 040.00
Highest
$151,785 $0 $151,785
Kushant Shah VP of Finance 040.00
Officer Highest
$134,560 $0 $134,560
Kesha Daniels Dir of Housing Oper 040.00
Highest
$133,822 $0 $133,822
Anjuree Moore Dir of HR 040.00
Highest
$120,247 $0 $120,247
Stacey Welford Accounting Manager 040.00
Highest
$111,757 $0 $111,757
Henry Johnson Director 001.00
Director
$0 $0 $0
Yvette Aline Meke Tchonang Director 001.00
Director
$0 $0 $0
Johnnie Jackson Vice Chair 001.00
Officer Director
$0 $0 $0
Duane Lewis Director 001.00
Director
$0 $0 $0
Gwendolyn Graddy-Dansby Director 001.00
Director
$0 $0 $0
David Frauenheim Director 001.00
Director
$0 $0 $0
Kenneth Hollowell Vice Chair 001.00
Officer Director
$0 $0 $0
Dr Lynda Jeffries Vice Chair 001.00
Officer Director
$0 $0 $0
Ted Payne Director 001.00
Director
$0 $0 $0
Roshunda Price Director 001.00
Director
$0 $0 $0
Gary Ley Vice Chair 001.00
Officer Director
$0 $0 $0
Carolyn Hastings Director 001.00
Officer Director
$0 $0 $0
James Gompers Ex Officio 001.00
Director
$0 $0 $0
Martha Nield Vice Chair 001.00
Officer Director
$0 $0 $0
Rev Dr Louis Prues Chair 001.00
Officer Director
$0 $0 $0
Nathan Sheffer Director 001.00
Director
$0 $0 $0
David Imesh Director 001.00
Director
$0 $0 $0
Charles Tommasulo Director 001.00
Director
$0 $0 $0
Thomas Jankowski Director 001.00
Director
$0 $0 $0
John Lovegren Director 001.00
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 $18,960,903 $10,128,691 $49,284,700 $8,832,212
2022 $10,731,990 $8,704,962 $44,011,704 $2,027,028
2021 $13,361,695 $8,606,486 $39,059,165 $4,755,209
2020 $5,733,451 $6,018,400 $34,874,868 $-284,949
2020 $5,733,451 $6,018,400 $34,874,868 $-284,949
2019 $6,079,793 $7,012,118 $29,315,002 $-932,325
2019 $6,079,793 $7,012,118 $29,315,002 $-932,325
2018 $6,215,577 $6,052,687 $30,794,263 $162,890
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