NORTH CENTRAL MICHIGAN COLLEGE FOUNDATION (EIN 382910328) - 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

1989

Legal Domicile

Principal Officer

CHELSEA PLATTE

Phone

2313486621

Tax Period

2023-07-01 to 2024-06-30

NORTH CENTRAL MICHIGAN COLLEGE FOUNDATION, founded in 1989, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Net assets of $13.0M represent 82 months of operating reserves.

Mission

TO INITIATE PHILANTHROPY IN PARTNERSHIP WITH NORTH CENTRAL MICHIGAN COLLEGE AND THE COMMUNITY IN ORDER TO PROVIDE FINANCIAL SUPPORT FOR THE MISSION AND GOALS OF THE COLLEGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,263,961

Program Service Revenue $0

Investment Income $635,437

Other Revenue $0

TOTAL REVENUE $1,899,398

Expense Breakdown

Grants Paid $1,450,827

Salaries & Benefits $0

Fundraising Expenses $174,859

Program Expenses $1,450,827

Other Expenses $599,311

TOTAL EXPENSES $2,050,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,899,398	$1,923,087	0.0%
Expenses	$2,050,138	$1,424,916	+0.4%
Net Income	$-150,740	$498,171	-1.3%

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

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

$359,249

Total Directors

$231,123

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM SCHROEDER	CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS ETIENNE	PAST CHAIR, TRUSTEE	1.00	Officer Director	$0	$0	$0
DAN CASASANTA	SECRETARY	1.00	Officer Director	$0	$0	$0
MAX BUNKER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID FINLEY	PRESIDENT	1.00	Officer Director	$0	$46,332	$231,123
DAWN BODNAR	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BOOR	DIRECTOR	1.00	Director	$0	$0	$0
WALT BYERS	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY DECARTERET	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FOUGHT	TRUSTEE, EX-OFFICIO	1.00	Director	$0	$0	$0
CHRIS MORLEY	DIRECTOR	1.00	Director	$0	$0	$0
SHARON SCHAPPACHER	DIRECTOR	1.00	Director	$0	$0	$0
STAN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JAMES VOTRUBA	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA PLATTE	EXECUTIVE DIRECTOR	40.00	Officer	$0	$33,253	$128,126

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	$1,899,398	$2,050,138	$13,043,792	$-150,740
2023	$1,923,087	$1,424,916	$12,567,665	$498,171
2022	$3,633,911	$2,326,740	$11,689,091	$1,307,171
2021	$3,124,282	$3,592,111	$11,840,851	$-467,829
2020	$990,861	$769,897	$10,671,844	$220,964
2019	$2,358,981	$813,411	$10,849,693	$1,545,570

NORTH CENTRAL MICHIGAN COLLEGE FOUNDATION