SOUTHWESTERN MICHIGAN ECONOMIC GROW ALLIANCE INC

EIN: 382433621

NILES, MI

Total Revenue
$276,103
Total Expenses
$274,343
Total Assets
$105,337
Net Assets
$79,053
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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
MI
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.

Program Service Accomplishments

Program 1
Expenses: $264,671 Revenue: $45,310

WORK IN PROMOTING INDUSTRIAL RETENTION AND THE CREATION OF JOBS IN THE GREATER NILES AREA. ATTRACT NEW BUSINESS AND PROVIDE THE NECESSARY SUPPORT SERVICES THAT WILL ENABLE THE NEW BUSINESSES TO...

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WORK IN PROMOTING INDUSTRIAL RETENTION AND THE CREATION OF JOBS IN THE GREATER NILES AREA. ATTRACT NEW BUSINESS AND PROVIDE THE NECESSARY SUPPORT SERVICES THAT WILL ENABLE THE NEW BUSINESSES TO OBTAIN AVAILABLE BUSINESS START-UP ASSISTANCE PROGRAMS. ASSIST CURRENT BUSINESSES IN EXPANSION AND OTHER GRANT OR ABATEMENT OPPORTUNITIES.

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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 (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

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Governance

Voting Members
13
Independent Members
13
Employees
1
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
2
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
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
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