ALGER MARQUETTE COMMUNITY ACTION B… - Form 990 Financial Data

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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

1965

Legal Domicile

Principal Officer

MICHELLE LAJOIE

Phone

9062286522

Tax Period

2023-10-01 to 2024-09-30

ALGER MARQUETTE COMMUNITY ACTION BOARD, founded in 1965, is a community nonprofit in the Human Services sector that reported $9.1M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

ADMINISTER GOVERNMENT PROGRAMS FOR LOW-INCOME AND ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $4,803,154

EARLY CHILDHOOD EDUCATION - ADMINISTRATION OF HEALTH, EDUCATION, SOCIAL NUTRITIONAL, AND OTHER SERVICES PRIMARILY TO ECONOMICALLY DISADVANTAGED PRESCHOOL CHILDREN, BENEFITTING APPROXIMATELY 371...

EARLY CHILDHOOD EDUCATION - ADMINISTRATION OF HEALTH, EDUCATION, SOCIAL NUTRITIONAL, AND OTHER SERVICES PRIMARILY TO ECONOMICALLY DISADVANTAGED PRESCHOOL CHILDREN, BENEFITTING APPROXIMATELY 371 CHILDREN.

Program 2

Expenses: $2,396,974

FOR OUR HOUSING PROGRAMS, WE SERVED APPROXIMATELY 1,704 TOTAL INDIVIDUALS FOR FISCAL YEAR ENDING 9/30/24. ALGER-MARQUETTE COMMUNITY ACTION BOARD PROVIDES AFFORDABLE HOUSING AND HOUSING SERVICES...

FOR OUR HOUSING PROGRAMS, WE SERVED APPROXIMATELY 1,704 TOTAL INDIVIDUALS FOR FISCAL YEAR ENDING 9/30/24. ALGER-MARQUETTE COMMUNITY ACTION BOARD PROVIDES AFFORDABLE HOUSING AND HOUSING SERVICES PROGRAMS WITHIN THE LOW-INCOME AND SENIOR MARKETS. SERVICES PROVIDED INCLUDE AFFORDABLE HOUSING UNITS, AND DIRECT FINANCIAL ASSISTANCE PROGRAMS FOR VETERANS AND IN GENERAL. ALGER-MARQUETTE COMMUNITY ACTION BOARD IS A GENERAL PARTNER WITH LOST CREEK. ALSO PARTNERS WITH ONE AFFORDABLE HOUSING COMMUNITIES.

Program 3

Expenses: $765,997

NUTRITION PROGRAMS - ADMINISTER NUTRITION SERVICES BY PROVIDING MEALS TO SENIORS. DURING THE YEAR, APPROXIMATELY 7,240 CONGREGATE AND 93,881 HOME DELIVERED MEALS PROVIDED. IN ADDITION, 1,714...

NUTRITION PROGRAMS - ADMINISTER NUTRITION SERVICES BY PROVIDING MEALS TO SENIORS. DURING THE YEAR, APPROXIMATELY 7,240 CONGREGATE AND 93,881 HOME DELIVERED MEALS PROVIDED. IN ADDITION, 1,714 COMMODITY FOOD BOXES WERE DISTRIBUTED TO LOW INCOME SENIOR FAMILIES.

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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 $9,074,902

Program Service Revenue $0

Investment Income $24,631

Other Revenue $19,083

TOTAL REVENUE $9,118,616

Expense Breakdown

Grants Paid $1,389,573

Salaries & Benefits $5,336,299

Fundraising Expenses $2,086

Program Expenses $8,593,070

Other Expenses $2,229,802

TOTAL EXPENSES $8,955,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,118,616	$7,507,756	+0.2%
Expenses	$8,955,674	$7,577,494	+0.2%
Net Income	$162,942	$-69,738	-3.3%

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

176

Volunteers

383

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

$89,872

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN KOVACS	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
ALEX BERGER	VICE-CHAIRPE	0.50	Officer Director	$0	$0	$0
MIKE MORGAN	TREASURER	0.50	Officer Director	$0	$0	$0
KELLY LIVERMORE	SECRETARY	0.50	Officer Director	$0	$0	$0
DAVID TORONGO	DIRECTOR	0.50	Director	$0	$0	$0
JOHNNY DEPETRO	DIRECTOR	0.50	Director	$0	$0	$0
MANDY MISKOVICH	DIRECTOR	0.50	Director	$0	$0	$0
FRANCELLA QUINNELL	DIRECTOR	0.50	Director	$0	$0	$0
DEAN SEABERG	DIRECTOR	0.50	Director	$0	$0	$0
JOEL VANDEVELDE	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINA BOWERS-YOUNG	DIRECTOR	0.50	Director	$0	$0	$0
SHERI DAVIE	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE LAJOIE	EXECUTIVE DI	40.00	Officer	$89,872	$0	$89,872

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	$9,118,616	$8,955,674	$8,403,992	$162,942
2023	$7,507,756	$7,577,494	$9,375,393	$-69,738
2022	$12,003,118	$11,473,315	$9,405,255	$529,803
2021	$10,176,860	$10,275,752	$10,587,464	$-98,892
2020	$6,733,215	$6,941,195	$8,736,163	$-207,980
2019	$6,043,190	$6,374,189	$8,837,415	$-330,999
2018	$6,160,671	$6,450,356	$9,325,828	$-289,685

ALGER MARQUETTE COMMUNITY ACTION BOARD