NORTHWESTERN MICHIGAN COLLEGE FOUNDATION (EIN 382376475) - 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

KATHARINE MARVIN

Phone

2319951144

Tax Period

2024-07-01 to 2025-06-30

NORTHWESTERN MICHIGAN COLLEGE FOUNDATION, founded in 1981, is a community nonprofit in the Education sector that reported $6.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 16% operating margin.

Mission

TO PROVIDE SUPPORT FOR THE OBJECTIVES AND PURPOSES OF NORTHWESTERN MICHIGAN 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 $4,425,003

Program Service Revenue $0

Investment Income $2,372,505

Other Revenue $106,802

TOTAL REVENUE $6,904,310

Expense Breakdown

Grants Paid $4,894,864

Salaries & Benefits $0

Fundraising Expenses $744,505

Program Expenses $4,894,864

Other Expenses $871,413

TOTAL EXPENSES $5,766,277

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,904,310	$5,717,741	+0.2%
Expenses	$5,766,277	$5,366,012	+0.1%
Net Income	$1,138,033	$351,729	+2.2%

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

N/A

Volunteers

100

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

$616,225

Total Directors

$848,726

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS NISSLEY	SECOND VICE	8.00	Officer Director	$0	$64,953	$307,720
DINO HERNANDEZ	OUTGOING EXE	36.00	Officer Director	$0	$14,963	$87,304
KATHARINE MARVIN	INCOMING EXE	36.00	Officer Director	$0	$0	$0
LINDA BERLIN	NMC STAFF RE	1.00	Director	$0	$38,812	$150,565
STEVEN H RICE	NMC FACULTY	1.00	Director	$0	$40,938	$141,047
CHERYL M BLOOMQUIST	NMC FACULTY	1.00	Director	$0	$57,762	$162,090
PATRICIA A WARNER	CHAIR	3.00	Officer Director	$0	$0	$0
SUZANNE ALLEN	FIRST VICE C	3.00	Officer Director	$0	$0	$0
DEBRA J EDSON	SECRETARY	3.00	Officer Director	$0	$0	$0
CHRISTOPHER M LAMB	TREASURER	3.00	Officer Director	$0	$0	$0
JAYNE H MOHR	IMMEDIATE PA	3.00	Officer Director	$0	$0	$0
LORAINE BEERS	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA F BENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER E BRANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFERY CAVISTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD M COE	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT DESMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM DONBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN M FISHER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAMELA T HORNE	TRUSTEE	1.00	Director	$0	$0	$0
PEG JONKHOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL J LIPP	BOARD MEMBER	1.00	Director	$0	$0	$0
ELEANOR E LYNN	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA J OBLINGER	TRUSTEE	1.00	Director	$0	$0	$0
MARY PELCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW K ROBITSHEK	TRUSTEE	1.00	Director	$0	$0	$0
DAVID M SHOOLTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY F YOUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN J ZELINSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY B ZIMMER	BOARD MEMBER	1.00	Director	$0	$0	$0
MADISON HOUY	NMC STUDENT	1.00	Director	$0	$0	$0
TROY KIERCZYNSKI	NMC VP FINAN	1.00	Officer	$0	$53,857	$221,201

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	$6,904,310	$5,766,277	$71,464,353	$1,138,033
2024	No data	No data	No data	No data
2023	$4,025,925	$4,973,565	$59,377,334	$-947,640
2022	$4,991,031	$4,765,568	$57,776,969	$225,463
2021	$8,306,743	$4,162,253	$64,114,838	$4,144,490
2020	$4,006,261	$4,523,449	$50,136,466	$-517,188
2019	$8,219,969	$4,144,542	$50,226,578	$4,075,427
2018	$6,752,282	$3,214,843	$45,783,143	$3,537,439

NORTHWESTERN MICHIGAN COLLEGE FOUNDATION