MIDLAND AREA COMMUNITY FOUNDATION

EIN: 382023395 501(c)(3) Philanthropy & Grantmaking

MIDLAND, MI

Total Revenue
$15,713,381
Total Expenses
$12,605,675
Total Assets
$138,820,946
Net Assets
$133,370,310
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
MI
Principal Officer
SHARON MORTENSEN
Phone
9898399661
Tax Period
2024-01-01 to 2024-12-31

MIDLAND AREA COMMUNITY FOUNDATION, founded in 1973, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $15.7M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.1M, a strong 20% operating margin.

Mission

OUR MISSION IS TO PROVIDE PHILANTHROPIC LEADERSHIP TO STRENGTHEN OUR COMMUNITY BY FOSTERING COLLABORATION AND GIVING TODAY AND IN THE FUTURE. SINCE 1973, MIDLAND AREA COMMUNITY FOUNDATION HAS PROVIDED AN AVENUE FOR INDIVIDUALS AND ORGANIZATIONS TO CHANGE THE COMMUNITY THROUGH PHILANTHROPIC GIVING. MACF AWARDS GRANTS AND SCHOLARSHIPS, OFFERS THE ABILITY FOR INDIVIDUALS AND FAMILIES TO INVEST IN THE COMMUNITY, AND SERVES AS A CATALYST FOR COLLABORATION AND CHANGE BY LEADING COMMUNITY DIALOGUE AND ACTION ON CRITICAL ISSUES.

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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 $9,445,596
Program Service Revenue $0
Investment Income $6,208,968
Other Revenue $58,817
TOTAL REVENUE $15,713,381

Expense Breakdown

Grants Paid $7,301,924
Salaries & Benefits $1,153,416
Fundraising Expenses $403,748
Program Expenses $10,900,171
Other Expenses $4,150,335
TOTAL EXPENSES $12,605,675

Year-over-Year Comparison

2024 2023 Change
Revenue $15,713,381 $13,513,786 +0.2%
Expenses $12,605,675 $12,575,682 +0.0%
Net Income $3,107,706 $938,104 +2.3%
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

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Governance

Voting Members
13
Independent Members
13
Employees
14
Volunteers
750

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
$386,621
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON MORTENSEN PRESIDENT/CE 40.00
Officer
$210,282 $29,175 $239,457
KYLE FAHRNER CFO 40.00
Officer
$134,146 $13,018 $147,164
WILLIAM GARCHOW CHAIR 4.00
Director
$0 $0 $0
ANN HOLMON SECRETARY 2.00
Director
$0 $0 $0
KATIE HORNING TRUSTEE 1.00
Officer Director
$0 $0 $0
ALI HUNTOON TRUSTEE 1.00
Director
$0 $0 $0
NOAH KENT TRUSTEE 1.00
Director
$0 $0 $0
JON LYNCH TRUSTEE 1.00
Director
$0 $0 $0
LOU MENCIA TREASURER 2.00
Officer Director
$0 $0 $0
GRANT MURSCHEL PART-YEAR TR 1.00
Director
$0 $0 $0
MWEMBA MWEMBA PART-YEAR TR 1.00
Director
$0 $0 $0
DICK PETERSON TRUSTEE 1.00
Director
$0 $0 $0
JEFF PROVENZANO TRUSTEE 1.00
Director
$0 $0 $0
GERALDINE READO TRUSTEE 1.00
Director
$0 $0 $0
KRISTIN STEHOUWER TRUSTEE 1.00
Director
$0 $0 $0
DEBORAH STEPHENS VICE CHAIR 2.00
Director
$0 $0 $0
MIKE WEIDEMAN TRUSTEE 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 No data No data No data No data
2024 $15,713,381 $12,605,675 $138,820,946 $3,107,706
2023 $13,513,786 $12,575,682 $125,987,299 $938,104
2022 $16,911,059 $13,749,116 $114,895,702 $3,161,943
2021 $15,682,318 $10,779,956 $135,269,470 $4,902,362
2020 $11,959,875 $9,631,074 $121,202,704 $2,328,801
2019 $10,436,815 $7,094,567 $110,680,869 $3,342,248
2018 $13,505,878 $7,622,610 $94,332,894 $5,883,268
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