ASCENSION BORGESS ALLEGAN FOUNDATION (EIN 382802463) - 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

2007

Legal Domicile

Phone

5746473460

Tax Period

2024-07-01 to 2025-06-30

ASCENSION BORGESS ALLEGAN FOUNDATION, founded in 2007, is a micro nonprofit that reported $19K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $30K exceeded revenue, resulting in a 52% operating deficit.

Mission

ESTABLISHED TO OPERATE AS A CHARITABLE AND BENEVOLENT ORGANIZATION TO PROVIDE DIRECT ASSISTANCE AND BENEFIT TO ASCENSION BORGESS ALLEGAN HOSPITAL AS WELL AS THE COMMUNITY IT SERVES.

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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 $18,987

Program Service Revenue $0

Investment Income $417

Other Revenue $0

TOTAL REVENUE $19,404

Expense Breakdown

Grants Paid $29,918

Salaries & Benefits $0

Fundraising Expenses $-1,225

Program Expenses $29,774

Other Expenses $-408

TOTAL EXPENSES $29,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,404	$52,320	-0.6%
Expenses	$29,510	$63,122	-0.5%
Net Income	$-10,106	$-10,802	-0.1%

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

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

$1,290,504

Total Directors

$425,315

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY KORTMAN	CHAIR	1.0	Officer Director	$0	$0	$0
KIMBERLY ANN LOFTUS	CHIEF DEVELOPMENT OFFICER	0.0	Officer Director	$0	$15,146	$144,478
AMY CHRISTMAN	DIRECTOR	1.0	Director	$0	$0	$0
ANDREW R BROCKWAY	DIRECTOR	1.0	Director	$0	$0	$14,937
FRANKLIN BAKER	DIRECTOR	1.0	Director	$0	$0	$0
JUDITH HABETLER	DIRECTOR	1.0	Director	$0	$0	$0
LEAH WARD	DIRECTOR (START 8/2024)	1.0	Director	$0	$0	$0
LORI ANTKOVIAK	DIRECTOR (START 9/2024)	1.0	Director	$0	$0	$0
MYRENE KOCH	DIRECTOR (END 1/2025)	1.0	Director	$0	$0	$0
PAUL MYER HOFFMAN	DIRECTOR	0.0	Director	$0	$36,205	$265,900
ROBERT KENGIS	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL MCCULLOUGH	CFO, MINISTRY MARKET	0.0	Officer	$0	$46,446	$1,146,026
DOUGLAS TODD MYERS	FORMER OFFICER (END 3/2023)	0.0		$0	$0	$383,721

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	$19,404	$29,510	$403,298	$-10,106
2024	No data	No data	No data	No data
2023	$39,638	$9,952	$424,520	$29,686
2022	$49,807	$63,234	$374,171	$-13,427
2021	$27,862	$32,517	$386,756	$-4,655
2019	$142,606	$156,866	$380,024	$-14,260
2018	$101,265	$101,071	$23,528,327	$194

ASCENSION BORGESS ALLEGAN FOUNDATION