WEST MICHIGAN HORTICULTURAL SOCIET… - 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

1981

Legal Domicile

Principal Officer

HEATHER ZAK CPA

Phone

6169657497

Tax Period

2023-10-01 to 2024-09-30

WEST MICHIGAN HORTICULTURAL SOCIETY INC DBA FREDERIK MEIJER GARDENS, founded in 1981, is a mid-sized nonprofit in the Environment sector that reported $32.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $408.6M represent 149 months of operating reserves.

Mission

TO PROMOTE THE ENJOYMENT, UNDERSTANDING AND APPRECIATION OF GARDENS, SCULPTURE, THE NATURAL ENVIRONMENT AND THE ARTS. THE MOST SIGNIFICANT ACTIVITY IS TO ALLOW GUESTS TO EXPERIENCE HORTICULTURE AND THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $18,252,918 Revenue: $9,250,586

COLLECTIONS AND EXHIBITIONS: THE FREDERIK MEIJER GARDENS & SCULPTURE PARK (MEIJER GARDENS) PROMOTES THE ENJOYMENT, UNDERSTANDING, AND APPRECIATION OF GARDENS, SCULPTURE, THE NATURAL ENVIRONMENT AND THE ARTS. FOR 360 DAYS A YEAR, GUESTS EXPERIENCE EXHIBITIONS ON THEIR OWN, THROUGH A GUIDED TOUR, A TRAM RIDE OR WITH A DOWNLOADABLE TOUR. PERMANENT EXHIBITIONS INCLUDE INDOOR DISPLAY GARDENS (TROPICAL CONSERVATORY, ARID GARDEN, VICTORIAN GARDEN, AND CARNIVOROUS PLANTS), ACRES OF OUTDOOR GARDENS AND A WORLD RENOWNED SCULPTURE COLLECTION.TEMPORARY EXHIBITIONS GENERALLY INCLUDE UP TO THREE SCULPTURE EXHIBITIONS PER YEAR, THE FRED AND DOROTHY FICHTER BUTTERFLIES ARE BLOOMING (MARCH AND APRIL), THE UNIVERSITY OF MICHIGAN HEALTH -WEST CHRISTMAS AND HOLIDAY TRADITIONS (THANKSGIVING THROUGH THE NEW YEAR), CHRYSANTHEMUMS & MORE (SEPT/OCT), AND AN EVER-CHANGING SEASONAL DISPLAY. DURING THE SUMMER MONTHS, ARTISTS PERFORM CONCERTS IN OUR OUTDOOR AMPHITHEATER. GUEST COUNT IS APPROXIMATELY 785,251

Program 2

Expenses: $5,750,719 Revenue: $4,223,951

CULINARY ARTS & EVENTS: THE CULINARY ARTS & EVENTS OF MEIJER GARDENS INCLUDES TASTE OF THE GARDENS CAFE, AS WELL AS THE ABILITY TO ENJOY SOCIAL OR CORPORATE FUNCTIONS IN ONE OF OUR EVENT SPACES...

CULINARY ARTS & EVENTS: THE CULINARY ARTS & EVENTS OF MEIJER GARDENS INCLUDES TASTE OF THE GARDENS CAFE, AS WELL AS THE ABILITY TO ENJOY SOCIAL OR CORPORATE FUNCTIONS IN ONE OF OUR EVENT SPACES. EVENT GATHERINGS MAY BE ENHANCED WITH OUR ON SITE AUDIOVISUAL SERVICES AND OUR CATERING AND BEVERAGE SERVICE. CONCESSIONS FOOD AND BEVERAGE, DURING THE SUMMER MONTHS, IN CONJUNCTION WITH CONCERTS IS ALSO A PART OF THE CULINARY ARTS & EVENTS OFFERINGS.

Program 3

Expenses: $2,017,442 Revenue: $205,244

EDUCATION: MEIJER GARDENS OFFERS EDUCATIONAL OPPORTUNITIES FOR TEMPORARY EXHIBITIONS AND PERMANENT DISPLAYS THROUGH INTERPRETIVE SIGNAGE, GUIDED TOURS, LOOKING GUIDES, FILMS, DOWNLOADABLE TOURS AND INTERACTION WITH KNOWLEDGEABLE STAFF AND VOLUNTEERS. ADDITIONAL OFFERINGS INCLUDE CLASSES, CAMPS, WORKSHOPS, LECTURES, SCHOOL TOURS AND PROGRAMS. BECAUSE WE BELIEVE THAT LEARNING SHOULD BE FUN AND THAT THE MOST EFFECTIVE EDUCATION SPARKS CURIOSITY, VIRTUALLY ALL OF OUR EDUCATIONAL OFFERINGS ARE INNOVATIVE AND INTERACTIVE. APPROXIMATELY 33,450 CHILDREN INTERACTED WITH OUR EDUCATIONAL OPPORTUNITES.

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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 $11,313,875

Program Service Revenue $15,395,540

Investment Income $1,617,200

Other Revenue $4,501,127

TOTAL REVENUE $32,827,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,649,830

Fundraising Expenses $1,421,857

Program Expenses $27,265,514

Other Expenses $19,743,207

TOTAL EXPENSES $33,393,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,827,742	$30,097,127	+0.1%
Expenses	$33,393,037	$34,944,101	0.0%
Net Income	$-565,295	$-4,846,974	-0.9%

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

404

Volunteers

711

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

$1,494,070

Total Directors

Key Employees

$213,329

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CANDACE MATTHEWS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
TIM LIANG	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
LINDA CHAMBERLAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF LAMBERT	TREASUER THROUGH MAY 2024	1.00	Officer Director	$0	$0	$0
ALISON BLAIR MAST	TREASURER	1.00	Officer Director	$0	$0	$0
JOY FOSSEL	DIRECTOR	1.00	Director	$0	$0	$0
AMY ASSENMACHER	DIRECTOR	1.00	Director	$0	$0	$0
PETER BALDWIN	DIRECTOR	1.00	Director	$0	$0	$0
GUILLERMO CISNEROS	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE DEL RASO	DIRECTOR	1.00	Director	$0	$0	$0
BRAD DOAN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL GOULET	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN JEAKLE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MERCHANT	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM PADNOS	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR WOLFE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PEACOCK III	DIRECTOR	1.00	Director	$0	$0	$0
DAN PERSINGER	DIRECTOR	1.00	Director	$0	$0	$0
RYAN PODVIN	DIRECTOR	1.00	Director	$0	$0	$0
COLIN SEEGMILLER	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON WILSON	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK CHRISTMAS	DIRECTOR	1.00	Director	$0	$0	$0
MARY MCLOUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
JILL WALCOTT	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN VOGEL-VANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DUANE SHIELDS DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TOTH	DIRECTOR	1.00	Director	$0	$0	$0
HANNA TUZZOLINO	DIRECTOR	1.00	Director	$0	$0	$0
BETH SNYDER	DIRECTOR STARTING JULY 24	1.00	Director	$0	$0	$0
KRISTINA MARTINEZ-PRECIOUS	DIRECTOR THROUGH MAY 24	1.00	Director	$0	$0	$0
CHARYN HAIN	DIRECTOR THROUGH MAY 24	1.00	Director	$0	$0	$0
TODD HARVEY	DIRECTOR THROUGH MAY 24	1.00	Director	$0	$0	$0
MARK MOSSING	DIRECTOR THROUGH MAY 24	1.00	Director	$0	$0	$0
HANNAH NALTNER	DIRECTOR THROUGH MAY 24	1.00	Director	$0	$0	$0
MARYLN WALTON	DIRECTOR THROUGH MAY 24	1.00	Director	$0	$0	$0
ROBERT WOLFORD	DIRECTOR THROUGH MAY 24	1.00	Director	$0	$0	$0
CHARLES BURKE	PRESIDENT/CEO EFFECTIVE FEB 2023	40.00	Officer	$473,077	$13,280	$486,357
DAWN KIBBEN	EXECUTIVE VICE PRESIDENT & CFO	40.00	Officer	$300,606	$20,865	$321,471
DAVID HOOKER	PRESIDENT/CEO THROUGH FEB 2023	40.00	Officer	$676,450	$9,792	$686,242
CAROL KENDRA	COO EFFECTIVE JAN 2024	40.00	Officer	$0	$0	$0
STEVE LAWARRE	SENIOR VP OF HORTICULTURE & FACILITIES	40.00	Key Emp	$193,230	$20,099	$213,329
PETE CRAWFORD	VP OF STRATEGIC INITIATIVES & TECH	40.00	Highest	$159,891	$19,412	$179,303
SUZANNE RAMLJAK	VP OF COLLECTIONS & CURATORIAL AFFAIRS	40.00	Highest	$166,456	$15,564	$182,020
STACIE NIEDZWIECKI	DIRECTOR OF CULINARY ARTS	40.00	Highest	$136,863	$11,041	$147,904
SARAH ZEVALKINK	SENIOR DIRECTOR OF TALENT & CULTURE	40.00	Highest	$137,942	$6,066	$144,008
JULIA VAN FLEET	VICE PRESIDENT OF ADVANCEMENT	40.00	Highest	$127,732	$6,545	$134,277

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	$32,827,742	$33,393,037	$416,075,576	$-565,295
2023	$30,097,127	$34,944,101	$388,640,351	$-4,846,974
2022	$29,123,532	$38,637,742	$372,348,254	$-9,514,210
2021	$21,434,338	$19,628,444	$418,600,497	$1,805,894
2020	$21,504,276	$21,735,828	$384,977,198	$-231,552
2019	$23,439,559	$21,329,160	$378,404,868	$2,110,399
2018	$22,089,910	$19,989,148	$381,181,056	$2,100,762

WEST MICHIGAN HORTICULTURAL SOCIETY INC DBA FREDERIK MEIJER GARDENS