SOUTHWEST MICHIGAN COMMUNITY ACTIO… - 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

1986

Legal Domicile

Principal Officer

DEB OLENEACK

Phone

2699259077

Tax Period

2024-10-01 to 2025-09-30

SOUTHWEST MICHIGAN COMMUNITY ACTION AGENCY, founded in 1986, is a community nonprofit in the Community Improvement sector that reported $6.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

SOUTHWEST MICHIGAN COMMUNITY ACTION AGENCY'S PURPOSE IS TO PROVIDE ASSISTANCE TO LOW INCOME INDIVIDUALS IN SOUTHWEST MICHIGAN

Program Service Accomplishments

Program 1

Expenses: $2,187,504 Revenue: $2,187,504

FOOD PROGRAM DISTRIBUTES EXCESS COMMODITY FOODS TO ELIGIBLE PERSONS AND SUPPLEMENTAL FOOD TO SENIORS AND WOMEN WITH CHILDREN UNDER AGE SIX.

Program 2

Expenses: $873,876 Revenue: $876,876

HOUSING SERVICES AND HOMELESSNESS ASSISTANCE ASSISTS HOMEOWNERS BY CORRECTING HEALTH AND SAFETY HAZARDS AND MAKING MANDATORY REPAIRS TO THEIR HOME.

Program 3

Expenses: $834,931 Revenue: $834,931

WEATHERIZATION/ENERGY ASSISTANCE PROGRAM INSULATE AND WINTERIZE HOUSES FOR ELIGIBLE PERSONS

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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 $2,917,894

Program Service Revenue $3,026,765

Investment Income $1,200

Other Revenue $26,454

TOTAL REVENUE $5,972,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,406,692

Fundraising Expenses $0

Program Expenses $5,368,912

Other Expenses $4,446,046

TOTAL EXPENSES $5,852,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,972,313	$5,167,289	+0.2%
Expenses	$5,852,738	$5,074,193	+0.2%
Net Income	$119,575	$93,096	+0.3%

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

157

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

$98,640

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MINNIE WARREN	CHAIR	2.00	Officer Director	$0	$0	$0
COREY CHRISTOPHER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KATHY LYONS	TREASURER	2.00	Officer Director	$0	$0	$0
MEAGAN UNDERWOOD	SECRETARY	2.00	Officer Director	$0	$0	$0
GAIL PATTERSON-GLADNEY	AT-LARGE	2.00	Officer Director	$0	$0	$0
JAMES LAWRENCE	MEMBER	2.00	Director	$0	$0	$0
GERROD MOORE	MEMBER	2.00	Director	$0	$0	$0
CHOKWE PITCHFORD	MEMBER	2.00	Director	$0	$0	$0
DIANE SEIFERT	MEMBER	2.00	Director	$0	$0	$0
KIM SMITH OLDHAM	EXECUTIVE DIRECTOR	40.00	Officer	$89,020	$9,620	$98,640

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	$5,972,313	$5,852,738	$1,213,633	$119,575
2024	$5,167,289	$5,074,193	$1,087,633	$93,096
2023	$4,724,215	$4,766,790	$1,285,481	$-42,575
2022	$8,078,808	$8,003,888	$1,305,727	$74,920
2021	$6,718,900	$6,703,568	$1,054,577	$15,332
2020	$5,153,217	$5,048,838	$991,433	$104,379
2019	$4,137,015	$4,125,999	$1,010,894	$11,016
2018	$3,060,194	$3,085,208	$1,024,167	$-25,014

SOUTHWEST MICHIGAN COMMUNITY ACTION AGENCY