THE WEDGWOOD FOUNDATION

EIN: 382939794 501(c)(3)

GRAND RAPIDS, MI

Total Revenue
$446,456
Total Expenses
$460,990
Total Assets
$6,739,725
Net Assets
$6,734,887
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MI
Principal Officer
DIANE RABE
Phone
6169422110
Tax Period
2024-01-01 to 2024-12-31

THE WEDGWOOD FOUNDATION, founded in 1990, is a small nonprofit that reported $446K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Net assets of $6.7M represent 181 months of operating reserves.

Mission

THE FOUNDATION IS FORMED TO DEVELOP, RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES FROM INCOME OR PRINCIPAL TO, OR FOR THE THE BENEFIT OF WEDGWOOD CHRISTIAN SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $249,992
Program Service Revenue $0
Investment Income $196,464
Other Revenue $0
TOTAL REVENUE $446,456

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $407,763
Other Expenses $460,990
TOTAL EXPENSES $460,990

Year-over-Year Comparison

2024 2023 Change
Revenue $446,456 $557,409 -0.2%
Expenses $460,990 $321,588 +0.4%
Net Income $-14,534 $235,821 -1.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
12

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
7
$340,967
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADRIENNE JAMAIL DIRECTOR 1.00
Director
$0 $0 $0
ANDREW NORDEN DIRECTOR 1.00
Director
$0 $0 $0
BILL BRUINSMA SECRETARY 1.00
Officer Director
$0 $0 $0
CATHY MUIR DIRECTOR 1.00
Director
$0 $0 $0
DALE BRYANT DIRECTOR 1.00
Director
$0 $0 $0
DEB ONDERSMA VICE CHAIR 1.00
Officer Director
$0 $0 $0
ELIZABETH LIZ COOK DIRECTOR 1.00
Director
$0 $0 $0
JOHN DYKSTRA TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL ZAHRT CHAIR PERSON 1.00
Officer Director
$0 $0 $0
RACHAEL ROSEMAN DIRECTOR 1.00
Director
$0 $0 $0
TIM CALLAHAN DIRECTOR 1.00
Director
$0 $0 $0
JEFF VANDER WEELE ADVISOR 1.00
Officer
$0 $0 $0
DANIEL GOWDY ADVISOR 1.00
Officer
$0 $7,526 $205,261
DIANE RABE ADVISOR 1.00
Officer
$0 $4,935 $135,706
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 $446,456 $460,990 $6,739,725 $-14,534
2023 $557,409 $321,588 $6,674,820 $235,821
2022 $1,215,823 $307,840 $5,949,610 $907,983
2021 $587,487 $292,098 $6,487,503 $295,389
2020 $243,482 $269,147 $6,026,073 $-25,665
2019 $1,013,002 $257,656 $5,276,210 $755,346
2018 $450,079 $239,123 $4,308,667 $210,956
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