KALAMAZOO REGIONAL EDUCATIONAL SERVICE AGENCY FOUNDATION

EIN: 382478137 501(c)(3) Education

PORTAGE, MI

Total Revenue
$778,735
Total Expenses
$462,624
Total Assets
$1,980,482
Net Assets
$1,791,885
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MI
Principal Officer
SCOTT THOMAS
Phone
2692509200
Tax Period
2024-07-01 to 2025-06-30

KALAMAZOO REGIONAL EDUCATIONAL SERVICE AGENCY FOUNDATION, founded in 1983, is a small nonprofit in the Education sector that reported $779K in total revenue in fiscal year 2024. Revenue surged 225% from the prior year, signaling strong growth momentum. The organization ran a surplus of $316K, a strong 41% operating margin.

Mission

THE MISSION OF THE FOUNDATION IS TO ACTIVELY SUPPORT THE MISSION AND GOALS OF KALAMAZOO RESA WITH A FOCUS ON KRESA'S CENTERS OF EXCELLENCE.

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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 $670,411
Program Service Revenue $0
Investment Income $108,324
Other Revenue $0
TOTAL REVENUE $778,735

Expense Breakdown

Grants Paid $17,500
Salaries & Benefits $0
Fundraising Expenses $2,755
Program Expenses $448,850
Other Expenses $445,124
TOTAL EXPENSES $462,624

Year-over-Year Comparison

2024 2023 Change
Revenue $778,735 $239,764 +2.2%
Expenses $462,624 $202,034 +1.3%
Net Income $316,111 $37,730 +7.4%
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
15
Independent Members
15
Employees
N/A
Volunteers
9

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
6
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REX BELL CHAIRMAN N/A
Officer Director
$0 $0 $0
NANCY GALLIHUGH TRUSTEE N/A
Director
$0 $0 $0
SHIRLEY JOHNSON TRUSTEE N/A
Director
$0 $0 $0
DR DELORES MYERS TRUSTEE N/A
Director
$0 $0 $0
DR DEDRICK MARTIN PRESIDENT N/A
Officer
$0 $0 $0
SCOTT THOMAS TREASURER N/A
Officer
$0 $0 $0
TARA KANE SECRETARY N/A
Officer
$0 $0 $0
TOM ZAHRT VICE PRESIDE N/A
Officer
$0 $0 $0
SANDY BARRY-LOKEN VICE PRESIDE N/A
Officer
$0 $0 $0
NKENGE BERGAN TRUSTEE N/A
Director
$0 $0 $0
TRAVIS CREE TRUSTEE N/A
Director
$0 $0 $0
FAYE DAVIS TRUSTEE N/A
Director
$0 $0 $0
JAMES DEVERS TRUSTEE N/A
Director
$0 $0 $0
DR DEVETA GARDNER TRUSTEE N/A
Director
$0 $0 $0
KWAME GYIMAH TRUSTEE N/A
Director
$0 $0 $0
JEN HEYMOSS TRUSTEE N/A
Director
$0 $0 $0
WENDY HUTCHISON TRUSTEE N/A
Director
$0 $0 $0
MIKE MCINTYRE TRUSTEE N/A
Director
$0 $0 $0
BRIDGET TIMMENEY TRUSTEE 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
2025 $778,735 $462,624 $1,980,482 $316,111
2024 $239,764 $202,034 $1,466,075 $37,730
2023 $474,316 $470,112 $1,330,980 $4,204
2022 $187,191 $116,184 $1,259,414 $71,007
2021 $207,395 $156,661 $1,422,502 $50,734
2020 $745,536 $729,398 $1,234,440 $16,138
2019 $258,085 $138,349 $1,109,411 $119,736
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