SOUTHWESTERN MICHIGAN COLLEGE FOUNDATION (EIN 381943374) - 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

1970

Legal Domicile

Principal Officer

MICHELLE L KITE

Phone

2697821302

Tax Period

2024-07-01 to 2025-06-30

SOUTHWESTERN MICHIGAN COLLEGE FOUNDATION, founded in 1970, is a small nonprofit in the Education sector that reported $962K in total revenue in fiscal year 2024. The organization ran a surplus of $205K, a strong 21% operating margin.

Mission

OPERATED TO PROMOTE, ESTABLISH, CONDUCT, AND MAINTAIN EDUCATIONAL AND SCIENTIFIC ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $201,127

Program Service Revenue $0

Investment Income $667,903

Other Revenue $92,786

TOTAL REVENUE $961,816

Expense Breakdown

Grants Paid $703,575

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $703,575

Other Expenses $53,199

TOTAL EXPENSES $756,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$961,816	$926,549	+0.0%
Expenses	$756,774	$712,560	+0.1%
Net Income	$205,042	$213,989	0.0%

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

N/A

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

$850,733

Total Directors

$850,733

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JOSEPH ODENWALD	SECRETARY - PART YEAR	1.00	Officer Director	$0	$90,525	$336,730
MIKE O'BRIEN	EXECUTIVE DIRECTOR - PART YEAR	1.00	Officer Director	$0	$17,145	$138,929
SUSAN B COULSTON	TREASURER - PART YEAR	1.00	Officer Director	$0	$17,850	$109,029
MICHELLE L KITE	TREASURER	1.00	Officer Director	$0	$14,690	$118,943
EMILY SCHROCK	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$16,538	$62,800
DIANA BOSCH	SECRETARY	1.00	Officer Director	$0	$41,576	$84,302
DR CAROLE SCHMIDT	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELLE BOYD	DIRECTOR	1.00	Director	$0	$0	$0
RONALD GUNN	DIRECTOR	1.00	Director	$0	$0	$0
JUDGE SUSAN DOBRICH	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS JERDON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD JUDD JR	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA PATANO	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA L MOORE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE WEHRLE	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH HACKWORTH	DIRECTOR	1.00	Director	$0	$0	$0
TERRY GROTH	DIRECTOR	1.00	Director	$0	$0	$0
KRIN JURGENSEN	DIRECTOR	1.00	Director	$0	$0	$0
JANET BARKELL	DIRECTOR	1.00	Director	$0	$0	$0
JULIE DYE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS ELLSPERMANN	DIRECTOR	1.00	Director	$0	$0	$0
GREG LOZEAU	DIRECTOR	1.00	Director	$0	$0	$0
DAVID TATE	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE WATSON	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
2025	$961,816	$756,774	$17,597,544	$205,042
2024	$926,549	$712,560	$16,574,180	$213,989
2023	$801,020	$872,940	$15,615,023	$-71,920
2022	$2,134,180	$869,699	$14,523,017	$1,264,481
2021	$815,686	$373,313	$16,044,880	$442,373
2020	$574,016	$339,185	$13,463,867	$234,831
2019	$735,917	$602,126	$12,938,635	$133,791

SOUTHWESTERN MICHIGAN COLLEGE FOUNDATION