BARAGA-HOUGHTON-KEWEENAW CHILD DEVELOPMENT BOARD INC

EIN: 382051352 501(c)(3) Education

HOUGHTON, MI

Total Revenue
$7,476,261
Total Expenses
$7,697,941
Total Assets
$2,626,476
Net Assets
$2,250,250
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
MI
Principal Officer
KORAY INAL
Phone
9064823663
Tax Period
2023-11-01 to 2024-10-31

BARAGA-HOUGHTON-KEWEENAW CHILD DEVELOPMENT BOARD INC, founded in 1974, is a community nonprofit in the Education sector that reported $7.5M in total revenue in fiscal year 2023.

Mission

EARLY CHILDHOOD AND SCHOOL-AGED EDUCATION, HEALTH & WELFARE OF CHILDREN & FAMILY SERVICES AT 6 OF BHK'S CHILDCARE LOCATIONS. PROVIDING PRESCHOOL CLASSES, CHILDCARE,PARENTING CLASSES, SCHOOL-AGED SUMMER AND AFTER-SCHOOL PROGRAMMING AND SERVICES TO FAMILIES IN THE THREE COUNTY AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,306,512
Program Service Revenue $142,422
Investment Income $6,985
Other Revenue $20,342
TOTAL REVENUE $7,476,261

Expense Breakdown

Grants Paid $1,250
Salaries & Benefits $6,326,444
Fundraising Expenses $0
Program Expenses $6,902,471
Other Expenses $1,370,247
TOTAL EXPENSES $7,697,941

Year-over-Year Comparison

2023 2022 Change
Revenue $7,476,261 $7,622,971 0.0%
Expenses $7,697,941 $7,605,688 +0.0%
Net Income $-221,680 $17,283 -13.8%
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
7
Independent Members
7
Employees
168
Volunteers
764

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
3
$0
Total Directors
8
$173,366
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL MILLS EXECUTIVE DI 40.00
Director
$135,091 $38,275 $173,366
KORAY INAL CHAIRPERSON 0.19
Officer Director
$0 $0 $0
RANDY ECKLOFF TREASURER 0.24
Officer Director
$0 $0 $0
JUDY PRUNER SECRETARY 0.24
Officer Director
$0 $0 $0
GRETCHEN JANSSEN BOARD MEMBER 0.22
Director
$0 $0 $0
JAIME LISHINSKI BOARD MEMBER 0.15
Director
$0 $0 $0
HEATHER BUTALA BOARD MEMBER 0.16
Director
$0 $0 $0
WILLIAM MENGE BOARD MEMBER 0.09
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
2024 $7,476,261 $7,697,941 $2,626,476 $-221,680
2023 $7,622,971 $7,605,688 $3,228,733 $17,283
2022 $7,077,858 $6,652,992 $3,107,784 $424,866
2021 $6,917,101 $6,986,221 $2,508,419 $-69,120
2020 $6,885,488 $6,988,539 $2,753,757 $-103,051
2019 $6,851,918 $6,980,219 $2,783,239 $-128,301
2018 $6,822,420 $6,871,598 $2,967,144 $-49,178
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