STERLING HEIGHTS AREA COMMUNITY FOUNDATION

EIN: 383004613 501(c)(3) Philanthropy & Grantmaking

STERLING HEIGHTS, MI

Total Revenue
$91,339
Total Expenses
$78,639
Total Assets
$1,730,017
Net Assets
$1,730,017
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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
1991
Legal Domicile
MI
Principal Officer
KARL OSKOIAN
Phone
5867261000
Tax Period
2024-01-01 to 2024-12-31

STERLING HEIGHTS AREA COMMUNITY FOUNDATION, founded in 1991, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $91K in total revenue in fiscal year 2024. Expenses of $79K left a modest 14% surplus.

Mission

INITIATE PROJECTS AND DISBURSE FUNDS TO ENHANCE THE STERLING HEIGHTS AREA'S RECREATIONAL, EDUCATIONAL AND CULTURAL ACTIVITIES.

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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 $2,000
Program Service Revenue $0
Investment Income $36,785
Other Revenue $52,554
TOTAL REVENUE $91,339

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $33,570
Other Expenses $78,639
TOTAL EXPENSES $78,639

Year-over-Year Comparison

2024 2023 Change
Revenue $91,339 $90,404 +0.0%
Expenses $78,639 $94,938 -0.2%
Net Income $12,700 $-4,534 -3.8%
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
15
Independent Members
15
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
12
$35,625
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARL OSKOIAN EXECUTIVE DI 10.00
Director
$35,625 $0 $35,625
MARTIN BROWN PRESIDENT 8.00
Officer Director
$0 $0 $0
JJ BUCCELLATO BOARD MEMBER 0.50
Director
$0 $0 $0
MELANIE DAVIS BOARD MEMBER 0.50
Director
$0 $0 $0
JOSEPH ESTRADA BOARD MEMBER 0.50
Director
$0 $0 $0
RONALD HIMMLER BOARD MEMBER 0.50
Director
$0 $0 $0
VALERIE KNOL BOARD MEMBER 0.50
Director
$0 $0 $0
ANGIE LOMMEN BOARD MEMBER 0.50
Director
$0 $0 $0
WAYNE OEHMKE BOARD MEMBER 0.50
Director
$0 $0 $0
MARK PASIK BOARD MEMBER 0.50
Director
$0 $0 $0
RICH SPARKS BOARD MEMBER 0.50
Director
$0 $0 $0
STACY ZARKO BOARD MEMBER 0.50
Director
$0 $0 $0
DOUGLAS DINNING VICE PRESIDE 1.00
Officer
$0 $0 $0
MICHAEL NOTTEE SECRETARY 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
2024 $91,339 $78,639 $1,730,017 $12,700
2023 $90,404 $94,938 $1,532,522 $-4,534
2022 $102,069 $63,556 $1,281,119 $38,513
2022 $128,067 $63,556 $1,252,024 $64,511
2021 $97,004 $83,769 $1,386,368 $13,235
2020 $71,775 $44,662 $1,194,612 $27,113
2019 $78,419 $57,176 $978,174 $21,243
2018 $13,108 $43,390 $798,559 $-30,282
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