Womens Resource Center of Northern… - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

Gail Kloss

Phone

2313470067

Tax Period

2023-10-01 to 2024-09-30

Womens Resource Center of Northern Michigan Inc, founded in 1977, is a community nonprofit in the Human Services sector that reported $6.2M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 27% operating margin.

Mission

Provide supporting services for women & children.

Program Service Accomplishments

Program 1

Expenses: $1,560,256

Domestic Abuse Victim Services: Temporary emergency shelter provided 1,980 nights of lodging, 24 hour crisis line responded to 723 crisis calls, counseling support groups, residential, and family...

Domestic Abuse Victim Services: Temporary emergency shelter provided 1,980 nights of lodging, 24 hour crisis line responded to 723 crisis calls, counseling support groups, residential, and family counseling to victims of domestic violence 470 clients served.

Program 2

Expenses: $1,143,465 Revenue: $825,420

Other program services include "Resale Shops", which provide clothing and household items for the needy and by selling donated items to cover program expenses.

Program 3

Expenses: $825,205 Revenue: $1,467

Client Counseling Service: Marriage, divorce, death, college and career counseling. Education on substance and/or drug abuse prevention, sexual assault services, playgroups, maternal & infant...

Client Counseling Service: Marriage, divorce, death, college and career counseling. Education on substance and/or drug abuse prevention, sexual assault services, playgroups, maternal & infant supporter, equal opportunity, displaced homemaker, teen life, etc. 397 clients served.

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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 $5,099,407

Program Service Revenue $947,503

Investment Income $93,141

Other Revenue $35,909

TOTAL REVENUE $6,175,960

Expense Breakdown

Grants Paid $370,951

Salaries & Benefits $3,118,010

Fundraising Expenses $21,514

Program Expenses $4,063,849

Other Expenses $1,007,737

TOTAL EXPENSES $4,496,698

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,175,960	$4,332,525	+0.4%
Expenses	$4,496,698	$4,555,047	0.0%
Net Income	$1,679,262	$-222,522	-8.5%

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

$157,051

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gail Kloss	Executive Dir.	40.00	Officer	$157,051	$0	$157,051
Annette Eustice	President	3.00	Officer Director	$0	$0	$0
Erika Van Dam	Vice President	3.00	Officer Director	$0	$0	$0
Debra Kiteley	Treasurer	3.00	Officer Director	$0	$0	$0
Claire Hollis Forster	Secretary	3.00	Officer Director	$0	$0	$0
Brittany McNeil	Director	3.00	Director	$0	$0	$0
Taylor Malpass	Director	3.00	Director	$0	$0	$0
Laura Dinon	Director	3.00	Director	$0	$0	$0
Diana Eberhart	Director	3.00	Director	$0	$0	$0
Diane Raab	Director	3.00	Director	$0	$0	$0
Lindsey Young	Director	3.00	Director	$0	$0	$0
Karen Ragland	Director	3.00	Director	$0	$0	$0
Natalie Blake Kasiborski	Director	3.00	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
2024	$6,175,960	$4,496,698	$10,418,385	$1,679,262
2023	$4,332,525	$4,555,047	$8,005,045	$-222,522
2022	$4,252,148	$4,112,491	$7,707,358	$139,657
2021	$4,421,811	$3,952,549	$7,710,691	$469,262
2020	$3,953,401	$3,404,574	$6,294,824	$548,827
2019	$3,497,956	$3,420,938	$5,493,186	$77,018
2018	$3,355,417	$3,122,980	$5,459,826	$232,437

Womens Resource Center of Northern Michigan Inc