ARENAC OPPORTUNITIES INC

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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

1976

Legal Domicile

Principal Officer

CURT HILLMAN

Phone

9899416637

Tax Period

2023-10-01 to 2024-09-30

ARENAC OPPORTUNITIES INC, founded in 1976, is a small nonprofit in the Employment sector that reported $421K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $396K left a modest 6% surplus.

Mission

TO PROMOTE THE GENERAL WELFARE OF THE MENTALLY HANDICAPPED IN ARENAC COUNTY, TO ENCOURAGE RESEARCH AND STUDY IN THE FIELD OF MENTAL HEALTH, AND TO DEVELOP A BETTER UNDERSTANDING OF THE PROBLEMS OF MENTAL HEALTH BY THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $373,600 Revenue: $386,628

TO PROMOTE THE GENERAL WELFARE OF THE MENTALLY HANDICAPPED IN ARENAC COUNTY, TO ENCOURAGE RESEARCH AND STUDY IN THE FIELD OF MENTAL HEALTH, AND TO DEVELOP A BETTER UNDERSTANDING OF THE PROBLEMS OF...

Program 2

Expenses: $18,743 Revenue: $19,321

RECYCLING PROGRAM - TO PROMOTE AND PROVIDE SUSTAINABLE EMPLOYMENT FOR THOSE STRUGGLING TO ENTER THE WORKFORCE, HELP PEOPLE WITH DISABILITIES OBTAIN AND MAINTAIN GAINFUL EMPLOYMENT AND GENERATE...

RECYCLING PROGRAM - TO PROMOTE AND PROVIDE SUSTAINABLE EMPLOYMENT FOR THOSE STRUGGLING TO ENTER THE WORKFORCE, HELP PEOPLE WITH DISABILITIES OBTAIN AND MAINTAIN GAINFUL EMPLOYMENT AND GENERATE IN-HOUSE WORK OPPORTUNITIES THAT SUPPORT OVER ENCOMPASSING EFFORTS OF INCLUSION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,248

Program Service Revenue $384,625

Investment Income $7,617

Other Revenue $20,980

TOTAL REVENUE $421,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,622

Fundraising Expenses $0

Program Expenses $392,343

Other Expenses $118,835

TOTAL EXPENSES $396,457

Year-over-Year Comparison

	2023	2022	Change
Revenue	$421,470	$469,171	-0.1%
Expenses	$396,457	$361,388	+0.1%
Net Income	$25,013	$107,783	-0.8%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURT HILLMAN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
DEBRA MORGAN	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
RAY GEHLMAN	TREASURER	5.00	Officer Director	$0	$0	$0
GENE VIOLA	SECRETARY	5.00	Officer Director	$0	$0	$0
JAN CARDINAL	DIRECTOR	5.00	Director	$0	$0	$0
PAUL AULTMAN	DIRECTOR	5.00	Director	$0	$0	$0
HEATHER BAUMAN	INTERIM DIRECTOR	20.00	Officer	$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	$421,470	$396,457	$298,607	$25,013
2023	$469,171	$361,388	$249,468	$107,783
2022	$335,856	$409,295	$195,562	$-73,439
2021	$432,306	$375,755	$272,747	$56,551
2020	$546,038	$486,292	$318,579	$59,746
2019	$608,504	$690,685	$198,862	$-82,181
2018	$831,565	$860,506	$296,460	$-28,941