Senior Resources of West Michigan (EIN 382048765) - 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

1974

Legal Domicile

Principal Officer

Pamela A Curtis

Phone

2317395858

Tax Period

2024-10-01 to 2025-09-30

Senior Resources of West Michigan, founded in 1974, is a mid-sized nonprofit in the Human Services sector that reported $37.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $35.5M left a modest 4% surplus.

Mission

To provide a comprehensive and coordinated system of services designed to promote the independence and dignity of older adults and families

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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 $33,099,047

Program Service Revenue $3,834,685

Investment Income $123,781

Other Revenue $0

TOTAL REVENUE $37,057,513

Expense Breakdown

Grants Paid $1,964,109

Salaries & Benefits $7,933,609

Fundraising Expenses $0

Program Expenses $31,607,275

Other Expenses $25,560,383

TOTAL EXPENSES $35,458,101

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,057,513	$33,404,010	+0.1%
Expenses	$35,458,101	$34,327,290	+0.0%
Net Income	$1,599,412	$-923,280	-2.7%

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

116

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

Total Directors

Key Employees

$162,594

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA CURTIS	CEO	45.00	Key Emp	$137,926	$24,668	$162,594
MICHAEL BORGELD	Medical Director	10.00	Highest	$138,004	$6,900	$144,904
STEVE CANUM	CFO	45.00	Highest	$109,035	$23,556	$132,591
SHEYENNE COLE	MI Choice Waiver Dir	45.00	Highest	$119,094	$7,299	$126,393
SHERRY WHITE	Board Chairman	1.00	Director	$0	$0	$0
MARY BOYD	Vice Chairman	1.00	Director	$0	$0	$0
KEN MAHONEY	SecretaryTreasurer	1.00	Director	$0	$0	$0
LARRY FIFE	Board Member	1.00	Director	$0	$0	$0
SUSAN HOUSEMAN	Board Member	1.00	Director	$0	$0	$0
ESTELITA RANKIN	Board Member	1.00	Director	$0	$0	$0
PENNY BURILLO	Board Member	1.00	Director	$0	$0	$0
JOEL MCCORMICK	Board Member	1.00	Director	$0	$0	$0
LESA JORDAN	Board Member	1.00	Director	$0	$0	$0
RAYMOND KOMRAY	Board Member	1.00	Director	$0	$0	$0
MADELON KRISSOFF	Board Member	1.00	Director	$0	$0	$0
NEAL MILLER	Board Member	1.00	Director	$0	$0	$0
SUSAN STUK	Board Member	1.00	Director	$0	$0	$0
CHARLIE VANDER BROEK	Board Member	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	$37,057,513	$35,458,101	$14,287,542	$1,599,412
2024	$33,404,010	$34,327,290	$5,827,688	$-923,280
2023	$32,715,767	$34,674,726	$6,672,832	$-1,958,959
2022	$32,747,612	$33,206,976	$9,040,002	$-459,364
2021	$28,896,008	$29,993,425	$9,048,650	$-1,097,417
2020	$28,199,534	$29,150,257	$9,630,972	$-950,723
2019	$26,666,080	$27,083,547	$9,882,141	$-417,467
2018	$25,767,015	$24,939,402	$10,053,939	$827,613

Senior Resources of West Michigan