Genesee Area Focus Fund

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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

1988

Legal Domicile

Principal Officer

Timothy Herman

Phone

8102388523

Tax Period

2024-01-01 to 2024-12-31

Genesee Area Focus Fund, founded in 1988, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 134% operating deficit.

Mission

The Genesee Area Focus Fund's purpose is to receive and administer funds dedicated to improving the economy and quality of life of the people of Genesee County, Michigan. The Focus Fund provides support to publicly supported organizations that share this objective.

Program Service Accomplishments

Program 1

Expenses: $53,106

YouthQuest After School - YouthQuest is a high-quality after school program that was created to fill the gap of un-served children in Flint and Genesee County. During the critical hours after school, YouthQuest keeps kids safe and healthy, inspires them to learn and helps them be better prepared for future academic and life challenges. YouthQuest's average attendance on a monthly basis averages 345 participants during the regular school period. The program is held at 13 elementary and middle schools located throughout the community.

Program 2

Expenses: $1,722,903

Economic Development - To promote and develop economic growth in the City of Flint and throughout Genesee County.

Program 3

Expenses: $489,388

Educational programs - In-school training initiative that provides enhancement and enrichment workshops for students K-12.

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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 $1,415,427

Program Service Revenue $0

Investment Income $8,276

Other Revenue $0

TOTAL REVENUE $1,423,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,572,045

Fundraising Expenses $0

Program Expenses $3,328,212

Other Expenses $758,881

TOTAL EXPENSES $3,330,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,423,703	$5,090,389	-0.7%
Expenses	$3,330,926	$5,108,689	-0.3%
Net Income	$-1,907,223	$-18,300	+103.2%

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

723

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

$1,023,280

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jane Worthing	Chair/RLC Chair	1.00	Officer Director	$0	$0	$0
Beverly Walker-Griffea	Chair Elect	1.00	Officer Director	$0	$0	$0
Joe Serra	Secretary	1.00	Officer Director	$0	$0	$0
Mary Gailbreath	Treasurer	1.00	Officer Director	$0	$0	$0
Leanne Panduren	Past-Chair/Chair-Elect	1.00	Officer Director	$0	$0	$0
Luther Brown	Director	1.00	Director	$0	$0	$0
Douglas Glazier	Director	1.00	Director	$0	$0	$0
Gary Hurand	Director	1.00	Director	$0	$0	$0
Sheryl Kennedy	Director	1.00	Director	$0	$0	$0
Sheldon Neeley	Director	1.00	Director	$0	$0	$0
Marissa Pierce	Director	1.00	Director	$0	$0	$0
Chad Pung	Director	1.00	Director	$0	$0	$0
Gina Staudacher	Director	1.00	Director	$0	$0	$0
Greg Viener	Director	1.00	Director	$0	$0	$0
Thomas Shade	Treasurer	1.00	Officer Director	$0	$0	$0
Clarence Pierce	Government Com Chair	1.00	Officer Director	$0	$0	$0
James Avery	Director	1.00	Director	$0	$0	$0
Neal Hegarty	Director	1.00	Director	$0	$0	$0
Kyle McCree	Director	1.00	Director	$0	$0	$0
Timothy Herman	CEO	40.00	Officer	$0	$47,615	$387,980
Jennifer Cramer	CFO	40.00	Officer	$0	$12,002	$160,272
Kristina Johnston	COO	40.00	Officer	$0	$28,460	$229,422
Stephanie Fenton	COO Uptown	40.00	Officer	$0	$10,800	$245,606

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	$1,423,703	$3,330,926	$708,140	$-1,907,223
2023	$5,090,389	$5,108,689	$2,722,659	$-18,300
2022	$7,480,479	$7,734,379	$2,876,432	$-253,900
2021	$7,388,265	$7,190,014	$3,053,813	$198,251
2020	$6,935,960	$6,184,201	$2,857,220	$751,759
2019	$7,421,151	$7,218,985	$2,332,559	$202,166
2018	$6,989,370	$7,381,924	$1,868,332	$-392,554