CADILLAC AREA COMMUNITY FOUNDATION

EIN: 382848513 501(c)(3) Philanthropy & Grantmaking

CADILLAC, MI

Total Revenue
$2,520,321
Total Expenses
$1,092,861
Total Assets
$20,771,488
Net Assets
$19,476,078
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MI
Principal Officer
ERIN KING
Phone
2317759911
Tax Period
2023-10-01 to 2024-09-30

CADILLAC AREA COMMUNITY FOUNDATION, founded in 1988, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 57% operating margin.

Mission

THE PURPOSE OF CACF IS TO PROVIDE A VEHICLE FOR DONATIONS FROM CIVIC-MINDED CITIZENS IN ORDER TO BUILD PERMANENT ENDOWMENTS FOR THE COMMUNITY FROM WHICH GRANTS ARE AWARDED TO CARRY OUT THE CHARITABLE WISHES OF THE DONORS AND TO IMPROVE THE QUALITY OF LIFE FOR OUR AREA.

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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 $1,729,316
Program Service Revenue $0
Investment Income $785,255
Other Revenue $5,750
TOTAL REVENUE $2,520,321

Expense Breakdown

Grants Paid $915,224
Salaries & Benefits $69,840
Fundraising Expenses $4,153
Program Expenses $915,224
Other Expenses $107,797
TOTAL EXPENSES $1,092,861

Year-over-Year Comparison

2023 2022 Change
Revenue $2,520,321 $1,013,829 +1.5%
Expenses $1,092,861 $931,086 +0.2%
Net Income $1,427,460 $82,743 +16.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
20

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
6
$0
Total Directors
11
$50,238
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOREEN LANC EXECUTIVE DI 40.00
Director
$50,238 $0 $50,238
ERIN KING PRESIDENT 1.00
Officer Director
$0 $0 $0
LORRI KING TRUSTEE 1.00
Director
$0 $0 $0
GREG LAMBOURNE TRUSTEE 1.00
Director
$0 $0 $0
MIKE MCQUIRE SECRETARY 1.00
Officer Director
$0 $0 $0
JENNIFER MITCHELL TRUSTEE 1.00
Director
$0 $0 $0
TRENT MULDER TREASURER 1.00
Officer Director
$0 $0 $0
JENNIFER NEFF VICE CHAIR 1.00
Officer Director
$0 $0 $0
WILLIAM POTVIN TRUSTEE 1.00
Director
$0 $0 $0
OWEN ROBERTS TRUSTEE 1.00
Director
$0 $0 $0
MEGAN SANTANGELO TRUSTEE 1.00
Director
$0 $0 $0
JOHN BISHOP ASSISTANT TR 2.00
Officer
$0 $0 $0
SCOTT HUNTER ASSISTANT TR 1.00
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
2025 No data No data No data No data
2024 $2,520,321 $1,092,861 $20,771,488 $1,427,460
2023 $1,013,829 $931,086 $15,236,140 $82,743
2022 $1,958,338 $621,192 $13,876,411 $1,337,146
2021 $1,559,744 $596,523 $16,472,822 $963,221
2020 $818,159 $662,490 $14,123,993 $155,669
2019 $1,084,198 $590,016 $12,654,135 $494,182
2018 $1,570,722 $522,197 $12,416,840 $1,048,525
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