WEST MICHIGAN FACILITIES CORPORATION (EIN 382707219) - 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

1986

Legal Domicile

Principal Officer

PAULA THORTON GREEAR

Phone

7349264800

Tax Period

2024-07-01 to 2025-06-30

WEST MICHIGAN FACILITIES CORPORATION, founded in 1986, is a small nonprofit that reported $124K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $261K exceeded revenue, resulting in a 111% operating deficit.

Mission

THIS CORPORATION IS A FIXED ASSET HOLDING COMPANY WHICH OWNS THE PROPERTY USED BY PLANNED PARENTHOOD OF MICHIGAN IN THE FULFILLMENT OF THEIR STATED MISSION.

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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 $0

Program Service Revenue $123,600

Investment Income $0

Other Revenue $0

TOTAL REVENUE $123,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $261,165

Other Expenses $261,166

TOTAL EXPENSES $261,166

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,600	$138,000	-0.1%
Expenses	$261,166	$231,293	+0.1%
Net Income	$-137,566	$-93,293	+0.5%

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

N/A

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

$424,731

Total Directors

$424,731

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA THORTON GREEAR	PRESIDENT/CEO	3.00	Officer Director	$0	$25,815	$424,731
STEEVE BUCKRIDGE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
HELEN KATZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JULIE FUNKE	TREASURER	1.00	Officer Director	$0	$0	$0
DONALD PARFET	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
JACQULYN HIPPE	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROL GOSS	MEMBER	1.00	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	$123,600	$261,166	$2,690,353	$-137,566
2024	$138,000	$231,293	$2,835,125	$-93,293
2023	$135,600	$244,604	$2,937,990	$-109,004
2022	$114,000	$239,920	$3,036,644	$-125,920
2021	$76,500	$174,793	$3,139,840	$-98,293
2020	$120,000	$261,930	$3,235,065	$-141,930
2019	$115,800	$284,619	$3,363,183	$-168,819
2018	$75,180	$257,048	$3,223,097	$-181,868

WEST MICHIGAN FACILITIES CORPORATION