HERITAGE COMMUNITY OF KALAMAZOO FOUNDATION INC (EIN 382775795) - 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

1945

Legal Domicile

Principal Officer

AMY BARNES

Phone

2693821255

Tax Period

2024-07-01 to 2025-06-30

HERITAGE COMMUNITY OF KALAMAZOO FOUNDATION INC, founded in 1945, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $509K, a strong 47% operating margin.

Mission

TO FOSTER AN INTEREST IN ASSISTANCE FOR THE AGED AND TO SUPPORT A CONTINUUM OF CARE FOR SENIORS

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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 $876,509

Program Service Revenue $0

Investment Income $243,279

Other Revenue $-34,949

TOTAL REVENUE $1,084,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $110,352

Program Expenses $299,169

Other Expenses $504,784

TOTAL EXPENSES $576,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,084,839	$536,713	+1.0%
Expenses	$576,220	$477,661	+0.2%
Net Income	$508,619	$59,052	+7.6%

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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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

$963,640

Total Directors

Key Employees

$166,974

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL OLMSTED	CHIEF FINANCIAL OFFICER	1	Officer	$0	$5,007	$230,509
PAUL BARBER	VICE PRESIDENT OF OPERATIONS	1	Officer	$0	$14,604	$219,900
LINDSAY MORSE	DIRECTOR OF HEALTH SERVICES	0	Key Emp	$0	$11,273	$166,974
MATTHEW SHANKLE	VICE PRESIDENT OF MARKETING & SALES	0	Officer	$0	$14,604	$163,634
KATHRYL BOWEN	RN, UPJOHN	0	Highest	$0	$0	$140,746
AMY BARNES	CFO	1	Officer	$0	$14,604	$135,679
JENNIFER PIOTROWICZ	VICE PRESIDENT HUMAN RESOURCES	1	Officer	$0	$0	$132,882
BELINDA JANSON	CNA UPJOHN	0	Highest	$0	$5,725	$132,339
HEATHER RENTER	SENIOR DIRECTOR OF RESIDENT LIFE AND THE MCLC	0	Highest	$0	$8,009	$127,340
JOAN CHUMBA	RN, UPJOHN	0	Highest	$0	$0	$115,292
TRACI PATNOUDE	DIRECTOR INDEPENDENT LIVING	0	Highest	$0	$0	$108,391
JULIE DEPPNER	CEO	1	Officer	$0	$0	$81,036
REX BELL	BOARD PRESIDENT	1	Officer Director	$0	$0	$0
BOB MILLER	VICE CHAIR	1	Officer Director	$0	$0	$0
WILLIAM MILLARD	BOARD TREASURER	1	Officer Director	$0	$0	$0
DAN RINZEMA	SECRETARY	1	Officer Director	$0	$0	$0
J JOSEPH BROGGER II	DIRECTOR	1	Director	$0	$0	$0
LAURA ELLER	DIRECTOR	1	Director	$0	$0	$0
JACK KEISER	DIRECTOR	1	Director	$0	$0	$0
KIM HATCHEL	DIRECTOR	1	Director	$0	$0	$0
SIDNEY ELLIS	DIRECTOR	1	Director	$0	$0	$0
TROY CUVELIER	FOUNDATION BOARD CHAIR	1	Officer Director	$0	$0	$0
ANDREW DENOOYER	FOUNDATION BOARD TREASURER	1	Officer Director	$0	$0	$0
DR TOM OWEN	FOUNDATION BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN BOGATSCHOW	FOUNDATION BOARD MEMBER	1	Director	$0	$0	$0
TERRY O'CONNOR	FOUNDATION BOARD MEMBER	1	Director	$0	$0	$0
SCOTT SYLVESTER	FOUNDATION BOARD MEMBER	1	Director	$0	$0	$0
JAMIE MELVIN	DIRECTOR	1	Director	$0	$0	$0
JACK SIZER	DIRECTOR	1	Director	$0	$0	$0
J JOSEPH BROGGER II	FOUNDATION BOARD MEMBER	1	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	$1,084,839	$576,220	$8,150,061	$508,619
2024	No data	No data	No data	No data
2023	$745,977	$421,377	$6,258,775	$324,600
2022	$672,965	$290,470	$5,596,831	$382,495
2021	$882,899	$367,052	$6,315,178	$515,847
2020	$1,126,519	$429,978	$4,860,381	$696,541
2019	$1,214,432	$339,969	$4,298,749	$874,463
2018	$914,004	$400,202	$3,324,780	$513,802

HERITAGE COMMUNITY OF KALAMAZOO FOUNDATION INC