BARAGA-HOUGHTON-KEWEENAW COMMUNITY ACTION AGENCY INC (EIN 381800879) - 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

1965

Legal Domicile

Principal Officer

JEAN LABERGE

Phone

9064825528

Tax Period

2023-10-01 to 2024-09-30

BARAGA-HOUGHTON-KEWEENAW COMMUNITY ACTION AGENCY INC, founded in 1965, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE AGENCY ADMINISTERS VARIOUS GOVERNMENTAL PROGRAMS FOR THE LOW INCOME AND ELDERLY POPULATION IN A THREE-COUNTY REGION IN THE NORTHWESTERN UPPER PENINSULA OF MICHIGAN.

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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 $2,110,658

Program Service Revenue $0

Investment Income $0

Other Revenue $19,965

TOTAL REVENUE $2,130,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $745,451

Fundraising Expenses $0

Program Expenses $1,944,396

Other Expenses $1,329,857

TOTAL EXPENSES $2,075,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,130,623	$1,823,083	+0.2%
Expenses	$2,075,308	$1,844,749	+0.1%
Net Income	$55,315	$-21,666	-3.6%

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

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

$108,230

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN LABERGE	EXECUTIVE DI	40.00	Officer	$100,118	$8,112	$108,230
CAROL BESSOLO	DIRECTOR	1.00	Director	$0	$0	$0
SALLY BORGEN	SECRETARY	1.00	Officer Director	$0	$0	$0
MARTHA DUGDALE	VICE PRESDIE	1.00	Officer Director	$0	$0	$0
TERRY LANGSTON	DIRECTOR	1.00	Director	$0	$0	$0
SHARON MOILANEN	DIRECTOR	1.00	Director	$0	$0	$0
DONALD PICHE	DIRECTOR	1.00	Director	$0	$0	$0
REID RASTELLO	TREASURER	1.00	Officer Director	$0	$0	$0
LOUIE ROY	DIRECTOR	1.00	Director	$0	$0	$0
LILLIAN RYCKMAN	DIRECTOR	1.00	Director	$0	$0	$0
JIM SCHULTZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER STRAND	DIRECTOR	1.00	Director	$0	$0	$0
SHERI WERNER	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
2024	$2,130,623	$2,075,308	$720,160	$55,315
2023	$1,823,083	$1,844,749	$647,255	$-21,666
2022	$1,850,172	$1,862,003	$730,300	$-11,831
2021	$2,082,842	$2,053,157	$703,143	$29,685
2020	$1,728,127	$1,669,807	$675,157	$58,320
2019	$1,402,914	$1,413,772	$621,550	$-10,858
2018	$1,452,131	$1,474,612	$593,172	$-22,481

BARAGA-HOUGHTON-KEWEENAW COMMUNITY ACTION AGENCY INC