SOUTHWEST MICHIGAN FIRST CORP

EIN: 382853785 501(c)(3) Community Improvement

KALAMAZOO, MI

Total Revenue
$6,829,723
Total Expenses
$6,025,163
Total Assets
$9,206,842
Net Assets
$4,563,795
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MI
Principal Officer
JONAS PETERSON
Phone
2695539588
Tax Period
2024-01-01 to 2024-12-31

SOUTHWEST MICHIGAN FIRST CORP, founded in 1988, is a community nonprofit in the Community Improvement sector that reported $6.8M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $6.0M left a modest 12% surplus.

Mission

TO SERVE AS A REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION FOR SOUTHWEST MICHIGAN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,491,214
Program Service Revenue $733,718
Investment Income $576,770
Other Revenue $28,021
TOTAL REVENUE $6,829,723

Expense Breakdown

Grants Paid $1,689,653
Salaries & Benefits $2,718,835
Fundraising Expenses $296,443
Program Expenses $3,898,029
Other Expenses $1,616,675
TOTAL EXPENSES $6,025,163

Year-over-Year Comparison

2024 2023 Change
Revenue $6,829,723 $8,034,787 -0.1%
Expenses $6,025,163 $7,479,006 -0.2%
Net Income $804,560 $555,781 +0.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
71
Independent Members
69
Employees
26
Volunteers
73

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
9
$1,030,832
Total Directors
74
$575,497
Key Employees
1
$303,140
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONAS PETERSON CHIEF EXECUTIVE OFFICER 39.00
Officer Director
$469,655 $105,842 $575,497
AARON ZEIGLER CHAIR 1.30
Officer Director
$0 $0 $0
DANIELLE MASON ANDERSON SECRETARY 1.30
Officer Director
$0 $0 $0
GREG DOBSON VICE CHAIR 1.30
Officer Director
$0 $0 $0
JOE CEKOLA VICE CHAIR 1.30
Officer Director
$0 $0 $0
TOM WEBB TREASURER 1.30
Officer Director
$0 $0 $0
AIMEE JACHYM DIRECTOR 1.00
Director
$0 $0 $0
BECKY THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
BEN NOBIS DIRECTOR 1.00
Director
$0 $0 $0
BILL HUIZENGA DIRECTOR 1.00
Director
$0 $0 $0
BILL JOHNSTON DIRECTOR 1.00
Director
$0 $0 $0
BILL MANNS DIRECTOR 1.00
Director
$0 $0 $0
BILL PARFET DIRECTOR 1.00
Director
$0 $0 $0
BJORN GREEN DIRECTOR 1.00
Director
$0 $0 $0
BOB HANCE DIRECTOR 1.00
Director
$0 $0 $0
BRIAN BELLWARE DIRECTOR 1.00
Director
$0 $0 $0
BRIAN JANSSEN DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
BRIAN MCDANIEL DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
CARRIE YUNKER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS ORLOWSKI DIRECTOR 1.00
Director
$0 $0 $0
DAN BARTHOLOMAE DIRECTOR 1.00
Director
$0 $0 $0
DAN JAQUA DIRECTOR 1.00
Director
$0 $0 $0
DANIEL COFFMAN DIRECTOR 1.00
Director
$0 $0 $0
DAVID MAURER DIRECTOR 1.00
Director
$0 $0 $0
DEAN KINDLER DIRECTOR 1.00
Director
$0 $0 $0
DEVON VOSTER DIRECTOR 1.00
Director
$0 $0 $0
ED MONTGOMERY DIRECTOR 1.00
Director
$0 $0 $0
ERIC STOLL DIRECTOR 1.00
Director
$0 $0 $0
FRED SCHUBKEGEL DIRECTOR 1.00
Director
$0 $0 $0
FRITZ BROWN DIRECTOR 1.00
Director
$0 $0 $0
GREG O'NIEL DIRECTOR 1.00
Director
$0 $0 $0
GREG SALISBURY DIRECTOR 1.00
Director
$0 $0 $0
IAN KENNEDY DIRECTOR 1.00
Director
$0 $0 $0
JACK ENDRES DIRECTOR 1.00
Director
$0 $0 $0
JAMES ESCAMILLA DIRECTOR 1.00
Director
$0 $0 $0
JAMES LIGGINS JR DIRECTOR 1.00
Director
$0 $0 $0
JAMIE CLARK DIRECTOR 1.00
Director
$0 $0 $0
JEFF O'BRIEN DIRECTOR 1.00
Director
$0 $0 $0
JIM FELTCH DIRECTOR 1.00
Director
$0 $0 $0
JOHN KERR DIRECTOR 1.00
Director
$0 $0 $0
JOSE GOMEZ DIRECTOR 1.00
Director
$0 $0 $0
KEN MILLER DIRECTOR 1.00
Director
$0 $0 $0
KEVIN MURPHY DIRECTOR 1.00
Director
$0 $0 $0
LYNN CHEN-ZHANG DIRECTOR 1.00
Director
$0 $0 $0
MARC SCHUPAN DIRECTOR 1.00
Director
$0 $0 $0
MARGIE SIMMONS DIRECTOR 1.00
Director
$0 $0 $0
MARK JONES DIRECTOR 1.00
Director
$0 $0 $0
MARK OLSON DIRECTOR 1.00
Director
$0 $0 $0
MARK WELCH DIRECTOR 1.00
Director
$0 $0 $0
MARLEE D'ARCO DIRECTOR 1.00
Director
$0 $0 $0
MATT WEISHAAR DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL A JONES SR DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE VANTORRE-WERME DIRECTOR 1.00
Director
$0 $0 $0
MIKE ODAR DIRECTOR 1.00
Director
$0 $0 $0
MIKE ROZEWICZ DIRECTOR 1.00
Director
$0 $0 $0
MITCH MOLDOVAN DIRECTOR 1.00
Director
$0 $0 $0
NANCY TURTLE DIRECTOR 1.00
Director
$0 $0 $0
NATALIE VALENTINE DIRECTOR 1.00
Director
$0 $0 $0
PATRICK LENNON DIRECTOR 1.00
Director
$0 $0 $0
PERRY WOLFE DIRECTOR 1.00
Director
$0 $0 $0
RICH MACDONALD DIRECTOR 1.00
Director
$0 $0 $0
ROB STACHLEWITZ DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
RUSS MCFEE DIRECTOR 1.00
Director
$0 $0 $0
SCOTT LEBEAU DIRECTOR 1.00
Director
$0 $0 $0
SEAN WELSH DIRECTOR 1.00
Director
$0 $0 $0
SHAWN PREMER DIRECTOR 1.00
Director
$0 $0 $0
STEVE CARLISLE DIRECTOR 1.00
Director
$0 $0 $0
TG NULTY DIRECTOR 1.00
Director
$0 $0 $0
TIM RAYMAN DIRECTOR 1.00
Director
$0 $0 $0
TODD MCDONALD DIRECTOR 1.00
Director
$0 $0 $0
TRAVIS GRIMSLEY DIRECTOR 1.00
Director
$0 $0 $0
TROY CUVELIER DIRECTOR 1.00
Director
$0 $0 $0
TYLER SHEERER DIRECTOR 1.00
Director
$0 $0 $0
WYATT CLINE DIRECTOR 1.00
Director
$0 $0 $0
KIM WEISHAAR PART-YEAR CFO (LEFT AUG 2024) 40.00
Officer
$127,452 $21,148 $148,600
MICHAEL JENSEN VP OF FINANCE AND OPERATIONS 40.00
Officer
$22,135 $562 $22,697
CARLA SONES PRESIDENT 13.00
Officer
$244,961 $39,077 $284,038
JILL BLAND EXECUTIVE VP-ECONOMIC DEVELOPMENT 40.00
Key Emp
$260,577 $42,563 $303,140
ABBIE RUMERY VICE PRESIDENT 40.00
Highest
$136,805 $29,335 $166,140
CLARENCE LLOYD VICE PRESIDENT 40.00
Highest
$134,440 $35,590 $170,030
JUSTINE LAUX SENIOR DIRECTOR 39.00
Highest
$100,450 $4,976 $105,426
NICHOLAS RIASHI SENIOR DIRECTOR 6.00
Highest
$138,200 $32,520 $170,720
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 $6,829,723 $6,025,163 $9,206,842 $804,560
2023 $8,034,787 $7,479,006 $13,622,051 $555,781
2022 $5,452,905 $5,142,028 $10,780,961 $310,877
2021 $8,560,798 $7,932,397 $10,945,070 $628,401
2020 $12,966,578 $12,514,351 $7,200,644 $452,227
2019 $5,986,965 $5,832,070 $6,827,878 $154,895
2018 $5,429,959 $5,582,788 $6,592,690 $-152,829
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SOUTHWEST MICHIGAN FIRST CORP with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.