SOUTHWESTERN MICHIGAN ECONOMIC GROW ALLIANCE INC (EIN 382433621) - 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

1982

Legal Domicile

Principal Officer

JEFF REA

Phone

2696831833

Tax Period

2024-01-01 to 2024-12-31

SOUTHWESTERN MICHIGAN ECONOMIC GROW ALLIANCE INC, founded in 1982, is a small nonprofit that reported $276K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO ATTRACT NEW BUSINESS TO THE GREATER NILES AREA AND RETAIN EXISTING BUSINESS IN THE SOUTHWESTERN MICHIGAN AREA.

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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 $230,793

Program Service Revenue $45,310

Investment Income $0

Other Revenue $0

TOTAL REVENUE $276,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,605

Fundraising Expenses $0

Program Expenses $264,671

Other Expenses $190,738

TOTAL EXPENSES $274,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$276,103	$252,014	+0.1%
Expenses	$274,343	$248,857	+0.1%
Net Income	$1,760	$3,157	-0.4%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA CRAIG	DIRECTOR	N/A	Director	$0	$0	$0
BILL DELUCA	DIRECTOR	N/A	Director	$0	$0	$0
DAVID EIFLER	CHAIRMAN	N/A	Officer Director	$0	$0	$0
STEVE HICKS	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD HUFF	DIRECTOR	N/A	Director	$0	$0	$0
BRYAN VAN ITALLIE	DIRECTOR	N/A	Director	$0	$0	$0
DEB JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
JAMES KEENAN	DIRECTOR	N/A	Director	$0	$0	$0
NATE PARKS	DIRECTOR	N/A	Director	$0	$0	$0
JEFF REA	PRESIDENT &	N/A	Officer Director	$0	$0	$0
SARA SENICA	DIRECTOR	N/A	Director	$0	$0	$0
TRACY WAGGONER	DIRECTOR	N/A	Director	$0	$0	$0
MARK WEBER	FINANCE CHAI	N/A	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	$276,103	$274,343	$105,337	$1,760
2023	$252,014	$248,857	$90,031	$3,157

SOUTHWESTERN MICHIGAN ECONOMIC GROW ALLIANCE INC