LITTLE BROTHERS FRIENDS OF THE ELDERLY

EIN: 382411631 501(c)(3) Human Services

HANCOCK, MI

Total Revenue
$1,302,230
Total Expenses
$886,536
Total Assets
$1,406,811
Net Assets
$1,309,066
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MI
Principal Officer
KYLA COLE
Phone
9064826944
Tax Period
2023-10-01 to 2024-09-30

LITTLE BROTHERS FRIENDS OF THE ELDERLY, founded in 1985, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $416K, a strong 32% operating margin.

Mission

TO RELIEVE ISOLATION AND LONELINESS AMONG THE ELDERLY BY PROVIDING TRANSPORTATION, SOCIAL EVENTS, AND OTHER VOLUNTEER SERVICES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,209,172
Program Service Revenue $0
Investment Income $26,234
Other Revenue $66,824
TOTAL REVENUE $1,302,230

Expense Breakdown

Grants Paid $0
Salaries & Benefits $529,932
Fundraising Expenses $101,429
Program Expenses $652,279
Other Expenses $356,604
TOTAL EXPENSES $886,536

Year-over-Year Comparison

2023 2022 Change
Revenue $1,302,230 $1,052,948 +0.2%
Expenses $886,536 $877,357 +0.0%
Net Income $415,694 $175,591 +1.4%
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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Governance

Voting Members
11
Independent Members
11
Employees
23
Volunteers
1244

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
4
$0
Total Directors
12
$80,556
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL KORPELA EXECUTIVE DI 40.00
Director
$70,915 $9,641 $80,556
DAVID GEISLER PRESIDENT 0.69
Officer Director
$0 $0 $0
KYLA COLE VICE PRESIDE 0.46
Officer Director
$0 $0 $0
CHERYL O'BRIEN TREASURER 0.46
Officer Director
$0 $0 $0
MICHELLE KOVACHICH SECRETARY 0.46
Officer Director
$0 $0 $0
THERESA CHERUBINI DIRECTOR 0.46
Director
$0 $0 $0
DAVID CROWLEY DIRECTOR 0.46
Director
$0 $0 $0
SYD FAASSEN DIRECTOR 0.46
Director
$0 $0 $0
CATE REDROW DIRECTOR 0.46
Director
$0 $0 $0
RUTH ROBB DIRECTOR 0.46
Director
$0 $0 $0
STEVE SABATINI DIRECTOR 0.46
Director
$0 $0 $0
JEFF VEUM DIRECTOR 0.46
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 $1,302,230 $886,536 $1,406,811 $415,694
2023 $1,052,948 $877,357 $973,419 $175,591
2022 $978,721 $884,234 $720,544 $94,487
2021 $939,765 $791,029 $716,497 $148,736
2020 $733,655 $759,709 $577,501 $-26,054
2019 $749,453 $732,876 $489,942 $16,577
2018 $694,002 $694,974 $400,341 $-972
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