THUMB INDUSTRIES INC

EIN: 381915119 501(c)(3) Employment

BAD AXE, MI

Total Revenue
$2,121,729
Total Expenses
$2,009,492
Total Assets
$3,898,616
Net Assets
$3,793,476
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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
1970
Legal Domicile
MI
Principal Officer
KELLY RICHMOND
Phone
9892699229
Tax Period
2024-10-01 to 2025-09-30

THUMB INDUSTRIES INC, founded in 1970, is a community nonprofit in the Employment sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $2.0M left a modest 5% surplus.

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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 (2024)

Revenue Breakdown

Contributions & Grants $42,224
Program Service Revenue $1,993,336
Investment Income $57,567
Other Revenue $28,602
TOTAL REVENUE $2,121,729

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,634,188
Fundraising Expenses $0
Program Expenses $1,842,045
Other Expenses $375,304
TOTAL EXPENSES $2,009,492

Year-over-Year Comparison

2024 2023 Change
Revenue $2,121,729 $2,100,678 +0.0%
Expenses $2,009,492 $1,942,604 +0.0%
Net Income $112,237 $158,074 -0.3%
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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Governance

Voting Members
12
Independent Members
12
Employees
112
Volunteers
N/A

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG BRINING DIRECTOR N/A
Director
$0 $0 $0
CHRISTINE KACZUK DIRECTOR N/A
Director
$0 $0 $0
DR NANCY LUBESKI DIRECTOR N/A
Director
$0 $0 $0
GREG NEWLAND DIRECTOR N/A
Director
$0 $0 $0
LAURA POLEGA DIRECTOR N/A
Director
$0 $0 $0
MISTY ROGERS DIRECTOR N/A
Director
$0 $0 $0
JON VOLK DIRECTOR N/A
Director
$0 $0 $0
SHAWN WEBBER DIRECTOR N/A
Director
$0 $0 $0
MARK BROWN VICE PRESIDE N/A
Officer
$0 $0 $0
TIM FRITZ PRESIDENT N/A
Officer
$0 $0 $0
JAN HOLZ SECRETARY N/A
Officer
$0 $0 $0
RANDI RAMBO-GUIGAR TREASURER N/A
Officer
$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
2025 $2,121,729 $2,009,492 $3,898,616 $112,237
2024 $2,100,678 $1,942,604 $3,774,886 $158,074
2023 $2,441,912 $1,854,480 $3,800,147 $587,432
2022 $2,479,640 $1,929,434 $3,421,623 $550,206
2021 $2,628,003 $1,692,688 $2,820,317 $935,315
2021 $3,005,064 $1,749,247 $3,325,389 $1,255,817
2020 $2,024,435 $1,675,138 $1,339,284 $349,297
2020 $1,986,686 $1,655,936 $1,211,273 $330,750
2020 $1,896,424 $1,655,936 $1,211,273 $240,488
2019 $2,118,900 $2,180,177 $887,887 $-61,277
2018 $2,126,564 $2,183,485 $964,328 $-56,921
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