HURON MEMORIAL FOUNDATION

EIN: 382717147 501(c)(3)

BAD AXE, MI

Total Revenue
$12,272
Total Expenses
$2,319
Total Assets
$357,430
Net Assets
$357,430
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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
1990
Legal Domicile
MI
Principal Officer
CONNIE KOUTOUZOS
Phone
5172699521
Tax Period
2023-10-01 to 2024-09-30

HURON MEMORIAL FOUNDATION, founded in 1990, is a micro nonprofit that reported $12K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $10K, a strong 81% operating margin.

Mission

TO HELP MCLAREN THUMB REGION OBTAIN FINANCIAL RESOURCES TO PROVIDE EXCELLENCE IN PATIENT CARE AND SERVICES.

Program Service Accomplishments

Program 1
Expenses: $1,000 Revenue: $0

TO HELP MCLAREN THUMB REGION OBTAIN FINANCIAL RESOURCES TO PROVIDE EXCELLENCE IN PATIENT CARE AND SERVICES.

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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 $13,692
Program Service Revenue $0
Investment Income $1,570
Other Revenue $-2,990
TOTAL REVENUE $12,272

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,099
Program Expenses $1,000
Other Expenses $2,319
TOTAL EXPENSES $2,319

Year-over-Year Comparison

2023 2022 Change
Revenue $12,272 $27,739 -0.6%
Expenses $2,319 $1,120 +1.1%
Net Income $9,953 $26,619 -0.6%
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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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
30

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
7
$623,471
Total Directors
11
$623,471
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONNIE KOUTOUZOS PRESIDENT & CEO 4.00
Officer Director
$0 $99,518 $560,929
DONALD CLARK CHAIRMAN 0.10
Officer Director
$0 $0 $0
MIMI HERRINGTON VICE-CHAIR 0.10
Officer Director
$0 $0 $0
CORINNA KRANZ FOUNDATION COORDINATOR 40.00
Officer Director
$0 $0 $62,542
SUE RONCKA SECRETARY 0.10
Officer Director
$0 $0 $0
WILLIAM MAYES BOARD MEMBER 0.50
Director
$0 $0 $0
SHELLEY HERRINGTON BOARD MEMBER 0.10
Director
$0 $0 $0
MARY RAPSON BOARD MEMBER 0.10
Director
$0 $0 $0
MARJ WEHNER AUXILIARY CHAIR 0.10
Director
$0 $0 $0
JEANNE EILERS BOARD MEMBER 0.10
Director
$0 $0 $0
SALLY BRADE BOARD MEMBER 0.10
Director
$0 $0 $0
KENNETH BARANSKI TREASURER - STARTED 2024 2.00
Officer
$0 $0 $0
STEPHANIE REMLEY TREASURER - PART YEAR 2.00
Officer
$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 $12,272 $2,319 $357,430 $9,953
2023 $27,739 $1,120 $347,477 $26,619
2022 $29,274 $6,086 $1,327,808 $23,188
2021 $1,024,383 $4,112 $1,304,620 $1,020,271
2020 $77,118 $193,912 $440,412 $-116,794
2019 $39,030 $253,268 $401,143 $-214,238
2018 $67,349 $44,538 $629,525 $22,811
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