FREMONT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Fremont Area Community Foundation, founded in 1951, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $15.2M in total revenue in fiscal year 2024. The organization ran a surplus of $2.3M, a strong 15% operating margin.
TO ENHANCE THE QUALITY OF LIFE FOR ALL PEOPLE OF NEWAYGO COUNTY AND SURROUNDING COMMUNITIES.
Community Development program works to decrease the Newaygo county unemployment rate by distributing grants to charitable organizations focused on providing education, certifications, training and...
Community Development program works to decrease the Newaygo county unemployment rate by distributing grants to charitable organizations focused on providing education, certifications, training and employment of a skilled workforce, along with efforts to support development of small businesses and entrepreneurship development within the community of Newaygo County. The program aims to increase overall business capacity by developing local economic partnerships and utilizing community resources.
POVERTY TO PROSPERITY WORKS TO REDUCE THE IMPACT OF POVERTY ON THE COMMUNITY IN NEWAYGO COUNTY, MICHIGAN BY PROVIDNG GRANTS TO CHARITABLE ORGANIZATIONS FOCUSED ON THE DEVELOPMENT OF SELF-SUFFICIENCY...
POVERTY TO PROSPERITY WORKS TO REDUCE THE IMPACT OF POVERTY ON THE COMMUNITY IN NEWAYGO COUNTY, MICHIGAN BY PROVIDNG GRANTS TO CHARITABLE ORGANIZATIONS FOCUSED ON THE DEVELOPMENT OF SELF-SUFFICIENCY, BUILDING SOCIAL CAPITAL AND THE EMPOWERMENT OF INDIVIDUALS AND FAMILIES TO THRIVE LONG-TERM.
The Education Program works to decrease the impact of poverty on the community in Newaygo County by increasing the education level of the community at large. Grants are provided to charitable...
The Education Program works to decrease the impact of poverty on the community in Newaygo County by increasing the education level of the community at large. Grants are provided to charitable organizations focused on funding Kindergarten readiness, STEAM, Literacy, and remediation assistance. Funding also supports educational scholarships and tuition assistance to students in Newaygo County, and West Michigan community.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $15,175,959 | $14,863,634 | +0.0% |
| Expenses | $12,858,682 | $10,675,286 | +0.2% |
| Net Income | $2,317,277 | $4,188,348 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KEN DELAAT | VICE CHAIR STARTING 6/13/24 | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| LORI TUBBERGEN CLARK | CHAIR part-year through 6/13/2024 | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| MIKHAIL SALACINA | SECRETARY THROUGH 6/13/24 TREASURER STARTING 6/13/24 | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN WENTE | SECRETARY STARTING 6/13/24 | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM ALSOVER | TREASURER THROUGH 6/13/24, CHAIR STARTING 6/13/24 | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| CHARLES CHANDLER | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| CHRIS WREN | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| DENISE SUTTLES | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| DOROTHY PARIS | TRUSTEE STARTING 6/13/24 | 1.0 |
Director
|
$0 | $0 | $0 |
| JULIE BURRELL | TRUSTEE STARTING 6/13/24 | 1.0 |
Director
|
$0 | $0 | $0 |
| JULIE TATKO | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| MICHEAL ANDERSON | TRUSTEE THROUGH 6/13/24 | 1.0 |
Director
|
$0 | $0 | $0 |
| PEGGY ROSSLER | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| TODD DEKRYGER | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| TRAVIS BULL | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| KATHYRN POPE | VICE PRESIDENT AND CHIEF FINANCIAL OFFICER | 35.0 |
Officer
|
$158,290 | $53,542 | $211,832 |
| SHELLY KASPRZYCKI | PRESIDENT AND CEO | 35.0 |
Officer
|
$247,848 | $77,008 | $324,856 |
| LINDSAY HAGER | VICE PRESIDENT AND CHIEF PHILANTHROPY OFFICER | 35.0 |
Highest
|
$135,061 | $40,151 | $175,212 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $15,175,959 | $12,858,682 | $306,738,307 | $2,317,277 |
| 2023 | $14,863,634 | $10,675,286 | $268,983,898 | $4,188,348 |
| 2022 | $14,536,377 | $11,767,007 | $241,936,076 | $2,769,370 |
| 2021 | $22,142,594 | $11,267,074 | $291,559,908 | $10,875,520 |
| 2020 | $7,394,082 | $11,843,812 | $260,806,891 | $-4,449,730 |
| 2019 | $10,648,305 | $11,138,305 | $245,106,378 | $-490,000 |
| 2019 | $10,648,305 | $11,138,305 | $245,106,378 | $-490,000 |
| 2018 | $20,470,839 | $10,963,206 | $214,005,010 | $9,507,633 |
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