COPPER SHORES COMMUNITY HEALTH FOUNDATION

EIN: 383022945 501(c)(3) Health Care

HANCOCK, MI

Total Revenue
$4,680,317
Total Expenses
$5,462,971
Total Assets
$79,926,236
Net Assets
$78,706,281
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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
1990
Legal Domicile
MI
Principal Officer
KEVIN STORE
Phone
9065235920
Tax Period
2023-01-01 to 2023-12-31

COPPER SHORES COMMUNITY HEALTH FOUNDATION, founded in 1990, is a community nonprofit in the Health Care sector that reported $4.7M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $5.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO SUPPORT THE CHARITABLE HEALTH NEEDS OF THE COMMUNITY THROUGH ENHANCED PHILANTHROPY AND COMMUNITY COLLABORATION

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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 $2,194,865
Program Service Revenue $110,283
Investment Income $2,367,609
Other Revenue $7,560
TOTAL REVENUE $4,680,317

Expense Breakdown

Grants Paid $1,923,507
Salaries & Benefits $2,392,708
Fundraising Expenses $0
Program Expenses $4,012,986
Other Expenses $1,146,756
TOTAL EXPENSES $5,462,971

Year-over-Year Comparison

2023 2022 Change
Revenue $4,680,317 $6,015,223 -0.2%
Expenses $5,462,971 $4,081,692 +0.3%
Net Income $-782,654 $1,933,531 -1.4%
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
9
Independent Members
9
Employees
81
Volunteers
6

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
5
$187,983
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN STORE EXECUTIVE DI 40.00
Officer
$150,652 $37,331 $187,983
BERNADETTE YEOMAN-OUELLETTE CHAIR 2.00
Officer Director
$0 $0 $0
BRENT PETERSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
BRUCE RUKKILA TREASURER 1.00
Officer Director
$0 $0 $0
ANN CLANCY-KLEMME SECRETARY 1.00
Officer Director
$0 $0 $0
MICHELE BLAU DIRECTOR 0.50
Director
$0 $0 $0
JAMES BOBULA DIRECTOR 0.50
Director
$0 $0 $0
JAMEY MARKHAM DIRECTOR 0.50
Director
$0 $0 $0
PAUL OLLILA DIRECTOR 0.50
Director
$0 $0 $0
GUY ST GERMAIN DIRECTOR 0.50
Director
$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 No data No data No data No data
2023 $4,680,317 $5,462,971 $79,926,236 $-782,654
2022 $6,015,223 $4,081,692 $73,990,365 $1,933,531
2021 $8,148,515 $3,335,917 $85,620,667 $4,812,598
2020 $3,469,680 $3,521,603 $77,865,771 $-51,923
2019 $3,018,112 $2,161,695 $69,553,584 $856,417
2018 $4,044,896 $3,604,755 $60,237,176 $440,141
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