THE FOUNDATION FOR MUSKEGON COMMUNITY COLLEGE INC (EIN 382363598) - 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

1981

Legal Domicile

Principal Officer

BETH DICK

Phone

2317770350

Tax Period

2024-07-01 to 2025-06-30

THE FOUNDATION FOR MUSKEGON COMMUNITY COLLEGE INC, founded in 1981, is a small nonprofit that reported $567K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $150K, a strong 26% operating margin.

Mission

THE FOUNDATION FOR MUSKEGON COMMUNITY COLLEGE (FOUNDATION) WAS ESTABLISHED IN 1981. THE FOUNDATION'S SOLE PURPOSE IS TO SUPPORT THE MISSION OF MUSKEGON COMMUNITY COLLEGE (COLLEGE) THROUGH FUND DEVELOPMENT. AS PART OF THIS PURPOSE, IT IS RESPONSIBLE FOR MANAGING THE FUNDRAISING EFFORTS OF THE COLLEGE.

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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 $494,229

Program Service Revenue $0

Investment Income $92,251

Other Revenue $-19,272

TOTAL REVENUE $567,208

Expense Breakdown

Grants Paid $404,283

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $404,283

Other Expenses $13,134

TOTAL EXPENSES $417,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$567,208	$629,707	-0.1%
Expenses	$417,417	$348,628	+0.2%
Net Income	$149,791	$281,079	-0.5%

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

N/A

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

$124,712

Total Directors

$704,401

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN BENNETT	PRESIDENT	0.50	Officer Director	$0	$0	$0
RENEE JOHNSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MIKE VERSTRAETE	TREASURER	0.50	Officer Director	$0	$0	$0
CELESTE SPIVEY	SECRETARY	0.50	Officer Director	$0	$0	$0
JANIE P BROOKS DAVIS	DIRECTOR	0.50	Director	$0	$0	$0
EDGAR WATSON	DIRECTOR	1.00	Director	$0	$0	$0
KEN GRANT	DIRECTOR	0.50	Director	$0	$0	$0
KAREN KAYES	DIRECTOR	0.50	Director	$0	$0	$0
SEKAINA CSAY	DIRECTOR	0.50	Director	$0	$0	$0
DIANA OSBORN	DIRECTOR	0.50	Director	$0	$0	$0
KATHY MOORE	DIRECTOR	1.00	Director	$0	$0	$0
DEB GRUBE	FACULTY/NON-	40.00	Director	$0	$36,622	$172,762
JENNIFER JONES	FACULTY/NON-	40.00	Director	$0	$57,794	$215,373
SUE SAMANEIGO	CAO/NON-VOTI	40.00	Officer	$0	$22,787	$124,712
JOHN SELMON	EX-OFFIC/NON	40.00	Director	$0	$88,228	$316,266

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	$567,208	$417,417	$2,110,331	$149,791
2024	$629,707	$348,628	$1,801,432	$281,079
2023	$493,430	$339,111	$1,397,454	$154,319
2022	$441,616	$403,116	$1,152,979	$38,500
2021	$346,876	$160,985	$1,317,507	$185,891
2020	$334,460	$286,480	$889,590	$47,980
2019	$357,394	$413,129	$833,925	$-55,735

THE FOUNDATION FOR MUSKEGON COMMUNITY COLLEGE INC