SOUTH BEND, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.
THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO...
THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. ASCENSION BORGESS ALLEGAN FOUNDATION PROVIDES DIRECT ASSISTANCE AND BENEFITS TO INDIVIDUALS AND ITS CORPORATE MEMBER, ASCENSION ALLEGAN HOSPITAL. SOME OF THE WAYS THE FOUNDATION INVESTMENTS IN THE HEALTH OF ITS COMMUNITY IS BY SUPPORTING THE FOLLOWING PROGRAMS: ALLEGAN NEIGHBORS FUND; DIGITAL MAMMOGRAPHY; SCHOLARSHIPS; SPIRIT OF WOMEN/WOMEN'S HEALTH; ALICE WEBB WELLNESS FUND; PAULA WEST THERAPEUTIC RIDING FUND; TOUCHES OF HOME.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare ASCENSION BORGESS ALLEGAN FOUNDATION with other nonprofits in Indiana and across the country.