MICHIGAN GATEWAY COMMUNITY FOUNDATION

EIN: 382180730 501(c)(3) Philanthropy & Grantmaking

BUCHANAN, MI

Total Revenue
$2,900,564
Total Expenses
$1,829,312
Total Assets
$29,315,775
Net Assets
$27,642,202
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MI
Principal Officer
MICHAEL ROWLAND
Phone
2696953521
Tax Period
2024-04-01 to 2025-03-31

MICHIGAN GATEWAY COMMUNITY FOUNDATION, founded in 1977, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 37% operating margin.

Mission

MICHIGAN GATEWAY COMMUNITY FOUNDATION IS A TAX-EXEMPT, NONPROFIT MICHIGAN CORPORATION ORGANIZED TO RECEIVE AND ADMINISTER FUNDS FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES TO BENEFIT THE COMMUNITES OF SOUTH BERRIEN AND CASS COUNTY, MICHIGAN.

Program Service Accomplishments

Program 1
Expenses: $1,601,814 Revenue: $2,293,704

SCHOLARSHIPS PAID TO BENEFIT INDIVIDUAL AREA COLLEGE STUDENTS AND GRANTS TO VARIOUS EDUCATIONAL, COMMUNITY, OR CHARITABLE ORGANIZATIONS. SEE SCH I FOR LIST OF ORGANIZATIONS.

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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 $606,860
Program Service Revenue $445,117
Investment Income $1,848,587
Other Revenue $0
TOTAL REVENUE $2,900,564

Expense Breakdown

Grants Paid $1,053,509
Salaries & Benefits $273,114
Fundraising Expenses $78,615
Program Expenses $1,601,814
Other Expenses $502,689
TOTAL EXPENSES $1,829,312

Year-over-Year Comparison

2024 2023 Change
Revenue $2,900,564 $1,816,398 +0.6%
Expenses $1,829,312 $1,589,183 +0.2%
Net Income $1,071,252 $227,215 +3.7%
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

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Governance

Voting Members
13
Independent Members
12
Employees
5
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
1
$89,903
Total Directors
13
$89,903
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL ROWLAND PRESIDENT & SECRETARY 40.00
Officer Director
$87,206 $2,697 $89,903
KARIN FALKENSTEIN CHAIRMAN 2.00
Director
$0 $0 $0
JANE BRANDSTATTER VICE-CHAIRMAN 2.00
Director
$0 $0 $0
MONSE AVINA YOUTH REPRESENTATIVE 1.00
Director
$0 $0 $0
BAILEY ROEDER YOUTH REPRESENTATIVE 1.00
Director
$0 $0 $0
DENISE PETERS TRUSTEE 1.00
Director
$0 $0 $0
HOPE ANDERSON TRUSTEE 1.00
Director
$0 $0 $0
KATHY ROSSOW TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA ROBINSON TRUSTEE 1.00
Director
$0 $0 $0
RANDY HENDRIXSON TRUSTEE 1.00
Director
$0 $0 $0
SARA SENICA TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN K WOODS TRUSTEE 1.00
Director
$0 $0 $0
TEX SHETERON 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 $2,900,564 $1,829,312 $29,315,775 $1,071,252
2024 $1,816,398 $1,589,183 $28,248,791 $227,215
2023 $1,805,104 $1,693,060 $24,549,519 $112,044
2022 $2,102,219 $1,438,255 $26,814,811 $663,964
2021 $1,267,445 $1,352,725 $25,940,239 $-85,280
2020 $3,727,894 $1,803,696 $18,952,713 $1,924,198
2019 $2,526,064 $1,526,796 $20,754,863 $999,268
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