SOUTHWESTERN MICHIGAN COLLEGE FOUNDATION

EIN: 381943374 501(c)(3) Education

DOWAGIAC, MI

Total Revenue
$961,816
Total Expenses
$756,774
Total Assets
$17,597,544
Net Assets
$16,895,864
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
MI
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

THE FOUNDATION OPERATES FOR CHARITABLE PURPOSES TO PROMOTE, ESTABLISH, CONDUCT, MAINTAIN, AND OPERATE EDUCATIONAL AND SCIENTIFIC ACTIVITIES IN CONJUNCTION WITH SOUTHWESTERN MICHIGAN COLLEGE.

Program Service Accomplishments

Program 1
Expenses: $703,575 Revenue: $0

TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING SOUTHWESTERN MICHIGAN COLLEGE AND TO MAINTAIN AND IMPROVE SOUTHWESTERN MICHIGAN COLLEGE'S FACILITIES AND CAMPUS TO SUPPORT STUDENT SUCCESS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
21
Independent Members
18
Employees
N/A
Volunteers
29

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
7
$850,733
Total Directors
24
$850,733
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SOUTHWESTERN MICHIGAN COLLEGE FOUNDATION with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.