Creston Neighborhood Association

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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

1979

Legal Domicile

Principal Officer

Alex Karatkiewicz

Phone

6164547900

Tax Period

2024-01-01 to 2024-12-31

Creston Neighborhood Association, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $196K in total revenue in fiscal year 2024.

Mission

To organize the Creston neighborhood residents and resources to promote the social, economic and environmental health of the Creston community.

Program Service Accomplishments

Program 1

Expenses: $112,634 Revenue: $69,844

The vision of CNA is a beautiful and diverse community where neighbors feel safe and proud, and businesses, housing, schools and parks thrive. Since 1979, CNA has worked to improve the lives of north end Grand Rapids neighbors. CNA cultivates neighborhood connections by holding community events, engaging volunteers, training neighborhood leaders and effective advocacy in the areas of health care, school reform, affordable housing and greenspace preservation. CNA is also a partner in providing affordable senior housing in the neighborhood.

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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 $116,522

Program Service Revenue $69,844

Investment Income $98

Other Revenue $9,670

TOTAL REVENUE $196,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,357

Fundraising Expenses $38,063

Program Expenses $112,634

Other Expenses $92,807

TOTAL EXPENSES $206,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$196,134	$201,130	0.0%
Expenses	$206,164	$158,830	+0.3%
Net Income	$-10,030	$42,300	-1.2%

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

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

$58,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gregg Hampshire	Executive Director	40.00	Officer	$55,769	$3,000	$58,769
Linda Jewell	Director	1.00	Director	$0	$0	$0
Jill Granger	Director	1.00	Director	$0	$0	$0
Danah Montgomery	Director	1.00	Director	$0	$0	$0
Jim Howe	Director	1.00	Director	$0	$0	$0
Kylie Travers	Director	1.00	Director	$0	$0	$0
Greg Plyler	Director	1.00	Director	$0	$0	$0
Brandon Beyers	Director	1.00	Director	$0	$0	$0
Andrew Wahlstrom	President	2.00	Officer Director	$0	$0	$0
Hunter Hubers	Treasurer	2.00	Officer Director	$0	$0	$0
Sara Snider	Vice President	2.00	Officer Director	$0	$0	$0
Stefan Pawelka	Secretary	2.00	Officer Director	$0	$0	$0
Ashley Landis	Director	1.00	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	$196,134	$206,164	$201,056	$-10,030
2023	$201,130	$158,830	$206,004	$42,300
2022	$126,169	$129,965	$175,371	$-3,796
2021	$148,940	$135,558	$173,739	$13,382
2020	$250,246	$230,286	$185,913	$19,960
2019	$128,494	$112,426	$158,938	$16,068
2018	$88,783	$100,809	$176,740	$-12,026