NORTHWEST MICHIGAN WORKS INC (EIN 382159771) - 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

Legal Domicile

Principal Officer

DARLA ROWLAND

Phone

2319295000

Tax Period

2023-10-01 to 2024-09-30

NORTHWEST MICHIGAN WORKS INC is a community nonprofit in the Employment sector that reported $5.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

EMPLOYMENT TRAINING & SERVICES - TEACHES UNDER AND/OR UNEMPLOYED INDIVIDUALS EMPLOYABILITY SKILLS.

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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 $5,802,017

Program Service Revenue $0

Investment Income $69,252

Other Revenue $0

TOTAL REVENUE $5,871,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,929,649

Fundraising Expenses $0

Program Expenses $5,842,891

Other Expenses $1,918,292

TOTAL EXPENSES $5,847,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,871,269	$5,245,392	+0.1%
Expenses	$5,847,941	$5,251,895	+0.1%
Net Income	$23,328	$-6,503	-4.6%

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

108

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
KRISTIN ANDREWS	DIRECTOR	N/A	Director	$0	$0	$0
MIKE CAIN	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL CASTIGLIONE	DIRECTOR	N/A	Director	$0	$0	$0
DOUG DEYOUNG	DIRECTOR	N/A	Director	$0	$0	$0
GARY FEDUS	TREASURER	N/A	Director	$0	$0	$0
DR RANDY HILL	DIRECTOR	N/A	Director	$0	$0	$0
CHIP JOHNSTON	DIRECTOR	N/A	Director	$0	$0	$0
BILL KENNIS	DIRECTOR	N/A	Director	$0	$0	$0
PAT LAMB	DIRECTOR	N/A	Director	$0	$0	$0
LISA LEEDY	VICE CHAIR	N/A	Director	$0	$0	$0
ERIC LINGAUR	DIRECTOR	N/A	Director	$0	$0	$0
TODD MINER	DIRECTOR	N/A	Director	$0	$0	$0
ANNIE OLDS	DIRECTOR	N/A	Director	$0	$0	$0
BRUCE PEACOCK	DIRECTOR	N/A	Director	$0	$0	$0
JASON REED	DIRECTOR	N/A	Director	$0	$0	$0
MEREK ROMEN	DIRECTOR	N/A	Director	$0	$0	$0
BOB SCHEELE	DIRECTOR	N/A	Director	$0	$0	$0
RYAN SCHULTZ	DIRECTOR	N/A	Director	$0	$0	$0
CAITLYN STARK	DIRECTOR	N/A	Director	$0	$0	$0
CLINT STEELE	DIRECTOR	N/A	Director	$0	$0	$0
NICOLE SULAK	CHAIR	N/A	Director	$0	$0	$0
TREVOR TKACH	DIRECTOR	N/A	Director	$0	$0	$0
DARLA ROWLAND	CFO	N/A	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
2025	No data	No data	No data	No data
2024	$5,871,269	$5,847,941	$2,106,023	$23,328
2023	$5,245,392	$5,251,895	$1,892,775	$-6,503
2022	$4,805,836	$4,968,732	$1,858,413	$-162,896
2021	$4,015,625	$3,920,814	$1,834,962	$94,811
2020	$3,550,063	$3,593,207	$1,836,392	$-43,144
2019	$3,738,532	$3,639,452	$1,809,498	$99,080

NORTHWEST MICHIGAN WORKS INC