MCLAREN LAPEER REGION FOUNDATION

EIN: 382689603 501(c)(3) Health Care

LAPEER, MI

Total Revenue
$491,997
Total Expenses
$214,370
Total Assets
$6,269,611
Net Assets
$5,955,994
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MI
Principal Officer
TIM VARGAS
Phone
8106675500
Tax Period
2023-10-01 to 2024-09-30

MCLAREN LAPEER REGION FOUNDATION, founded in 1986, is a small nonprofit in the Health Care sector that reported $492K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $278K, a strong 56% operating margin.

Mission

TO RAISE FUNDS FOR THE PURCHASE OF EQUIPMENT, THE DEVELOPMENT OF A CANCER CENTER IN THE COMMUNITY, AND TO PROVIDE SUPPORT FOR THE PROGRAMS OF MCLAREN LAPEER REGION.

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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 $384,252
Program Service Revenue $0
Investment Income $163,177
Other Revenue $-55,432
TOTAL REVENUE $491,997

Expense Breakdown

Grants Paid $167,508
Salaries & Benefits $0
Fundraising Expenses $3,497
Program Expenses $167,508
Other Expenses $46,862
TOTAL EXPENSES $214,370

Year-over-Year Comparison

2023 2022 Change
Revenue $491,997 $330,790 +0.5%
Expenses $214,370 $215,896 0.0%
Net Income $277,627 $114,894 +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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
9
Employees
N/A
Volunteers
37

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
3
$558,271
Total Directors
12
$1,181,268
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIFFANY DAVIS TREASURER 0.30
Officer Director
$0 $4,008 $65,856
FRED KORTE TREASURER - PART YEAR 0.30
Officer Director
$0 $25,244 $492,415
BEN WARREN DIRECTOR 0.30
Director
$0 $0 $0
CHARLIE MANN DIRECTOR 0.30
Director
$0 $0 $0
DIANE SCOTT DIRECTOR 0.30
Director
$0 $0 $0
DR ELFATIH ABTER DIRECTOR 0.30
Director
$0 $0 $0
DR KENNETH TARR DIRECTOR 0.30
Director
$0 $0 $0
RICK BURROUGH DIRECTOR 0.30
Director
$0 $0 $0
RICK FLEMING DIRECTOR 0.30
Director
$0 $0 $0
ROBERT RIEHL CHAIRMAN 0.30
Officer Director
$0 $0 $0
TODD MUIR DIRECTOR 0.30
Director
$0 $0 $0
TIM VARGAS DIRECTOR 0.30
Director
$0 $99,777 $622,997
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 $491,997 $214,370 $6,269,611 $277,627
2023 $330,790 $215,896 $5,075,377 $114,894
2022 $299,674 $43,760 $4,335,202 $255,914
2021 $379,415 $27,632 $5,040,631 $351,783
2020 $333,285 $616,336 $4,057,288 $-283,051
2019 $486,867 $77,025 $4,008,644 $409,842
2018 $508,943 $333,531 $3,607,031 $175,412
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