Land Conservancy of West Michigan (EIN 382363129) - 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

Formation Year

1976

Legal Domicile

Principal Officer

Kim Karn

Phone

6164519476

Tax Period

2024-07-01 to 2025-06-30

Land Conservancy of West Michigan, founded in 1976, is a community nonprofit in the Environment sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Net assets of $18.6M represent 163 months of operating reserves.

Mission

Our mission is conserving West Michigans ecologically critical land. We protect land by creating public nature preserves, providing support to communities and local governments in creating natural areas, and helping private landowners protect their own land.

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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 $1,114,082

Program Service Revenue $17,934

Investment Income $189,765

Other Revenue $49,229

TOTAL REVENUE $1,371,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $778,280

Fundraising Expenses $127,387

Program Expenses $1,008,045

Other Expenses $669,061

TOTAL EXPENSES $1,447,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,371,010	$947,087	+0.4%
Expenses	$1,447,341	$1,389,127	+0.0%
Net Income	$-76,331	$-442,040	-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

139

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

$99,963

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Karn	Executive Director	40.00	Officer	$92,874	$7,089	$99,963
Barbara Griffin	Director	1.00	Director	$0	$0	$0
Tim Stoepker	Director	1.00	Director	$0	$0	$0
Margrethe Kearney	Director	1.00	Director	$0	$0	$0
Amy Kenny	Director	1.00	Director	$0	$0	$0
David Marquardt	Director	1.00	Director	$0	$0	$0
Ben Oliver	Director	1.00	Director	$0	$0	$0
Jonathan Prins	Director	1.00	Director	$0	$0	$0
Steven Rice	Director	1.00	Director	$0	$0	$0
Jen Howell	Director	1.00	Director	$0	$0	$0
Eric VanTongeren	Director	1.00	Director	$0	$0	$0
John Fox	Board Chair	2.00	Officer Director	$0	$0	$0
Cindy Angerer	Vice Chair	2.00	Officer Director	$0	$0	$0
Danielle Parmenter	Secretary	2.00	Officer Director	$0	$0	$0
Carmen Briggs	Treasurer	2.00	Officer 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	$1,371,010	$1,447,341	$18,793,136	$-76,331
2024	$947,087	$1,389,127	$18,463,264	$-442,040
2023	$2,699,407	$1,720,901	$18,376,135	$978,506
2022	$1,620,935	$939,009	$17,408,545	$681,926
2021	$1,870,785	$1,386,911	$17,625,831	$483,874
2020	$2,205,897	$2,981,651	$16,622,679	$-775,754
2019	$4,234,381	$2,604,450	$21,564,415	$1,629,931
2018	$3,964,565	$2,136,697	$15,734,668	$1,827,868

Land Conservancy of West Michigan