METROPOLITAN FOUNDATION

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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

Principal Officer

KRISTI BELMORE

Phone

6162525000

Tax Period

2024-07-01 to 2025-06-30

METROPOLITAN FOUNDATION, founded in 1991, is a community nonprofit in the Human Services sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $4.7M exceeded revenue, resulting in a 37% operating deficit.

Mission

SUPPORT UNIVERSITY OF MICHIGAN HEALTH-WEST'S MISSION OF RELENTLESSLY ADVANCING HEALTH TO SERVE WEST MICHIGAN.

Program Service Accomplishments

Program 1

Expenses: $2,969,627

THE CAPITAL CAMPAIGN FUND PROVIDES FINANCIAL SUPPORT FOR THE HEALTH SYSTEM'S CAPITAL NEEDS AND PRIORITIES. DURING THE 2025 FISCAL YEAR, THIS INVOLVED SUPPORTING THE BUILD OUT OF A NEW IMAGING CENTER...

Program 2

Expenses: $1,095,522

GRANTS TO SUPPORT LEADING-EDGE SURGICAL EQUIPMENT, K9 PROGRAMMATIC FUNDING, CONTINUING EDUCATION OPPORTUNITIES, SUICIDE PREVENTION INITIATIVES, NURSING & MEDICAL ASSISTANT STAFFING SCHOLARSHIP...

GRANTS TO SUPPORT LEADING-EDGE SURGICAL EQUIPMENT, K9 PROGRAMMATIC FUNDING, CONTINUING EDUCATION OPPORTUNITIES, SUICIDE PREVENTION INITIATIVES, NURSING & MEDICAL ASSISTANT STAFFING SCHOLARSHIP PIPELINES, STRESS MANAGEMENT EDUCATION, EMPLOYEE FINANCIAL SUPPORT, PATIENT CARE EQUIPMENT, MATERNAL INFANT HEALTH NEEDS, FOOD PANTRY SUPPLIES, BUS PASSES, AND DIABETES EDUCATION PATIENT SUPPORT.

Program 3

Expenses: $544,699

THE 2025 VITALITY GALA IS A BLACK-TIE FUNDRAISER HIGHLIGHTING CANCER CARE AT UNIVERSITY OF MICHIGAN HEALTH-WEST. PROCEEDS FROM SPONSORSHIP AND DONATIONS WILL GO TO SUPPORT THE CANCER CENTER AT UM...

THE 2025 VITALITY GALA IS A BLACK-TIE FUNDRAISER HIGHLIGHTING CANCER CARE AT UNIVERSITY OF MICHIGAN HEALTH-WEST. PROCEEDS FROM SPONSORSHIP AND DONATIONS WILL GO TO SUPPORT THE CANCER CENTER AT UM HEALTH-WEST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,937,492

Program Service Revenue $0

Investment Income $1,881,663

Other Revenue $-369,644

TOTAL REVENUE $3,449,511

Expense Breakdown

Grants Paid $4,740,217

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,740,217

Other Expenses $0

TOTAL EXPENSES $4,740,217

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,449,511	$2,404,025	+0.4%
Expenses	$4,740,217	$2,600,025	+0.8%
Net Income	$-1,290,706	$-196,000	+5.6%

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

Total Directors

$1,295,437

Key Employees

$1,103,640

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL KOVACK DO	DIRECTOR	2.00	Director	$0	$26,626	$839,234
RONALD GRIFKA	PRESIDENT	1.00	Key Emp	$0	$18,147	$782,405
LANCE OWENS DO	DIRECTOR	2.00	Director	$0	$32,163	$456,203
KRISTI BELMORE	VP, FINANCE	2.00	Key Emp	$0	$31,760	$321,235
ETHAN ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
CONNIE BOHATCH	SECRETARY	2.00	Officer Director	$0	$0	$0
JORDAN CARSON	DIRECTOR	2.00	Director	$0	$0	$0
JORDAN CUSTER	DIRECTOR	2.00	Director	$0	$0	$0
MARY DALE	DIRECTOR	2.00	Director	$0	$0	$0
JACK DILLON	DIRECTOR	2.00	Director	$0	$0	$0
MEG GOEBEL	CHAIRPERSON	2.00	Director	$0	$0	$0
RYAN GRAHAM	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG WELCH IV	VICE-CHAIRPE	2.00	Officer Director	$0	$0	$0
BRYAN FIGUEROA MD	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA MIERAS	DIRECTOR	2.00	Director	$0	$0	$0
MATT MUSCAT	DIRECTOR	2.00	Director	$0	$0	$0
LAURIE PLACINSKI	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
JANE ROSS	DIRECTOR	2.00	Director	$0	$0	$0
MANDEE RICK	DIRECTOR	2.00	Director	$0	$0	$0
JOHN VAN SINGEL	SECRETARY	2.00	Officer Director	$0	$0	$0
MISTI STANTON	DIRECTOR	2.00	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
2025	$3,449,511	$4,740,217	$21,912,013	$-1,290,706
2024	$2,404,025	$2,600,025	$23,386,747	$-196,000
2023	$5,258,225	$3,994,678	$21,441,206	$1,263,547
2022	$1,532,223	$1,621,437	$19,562,296	$-89,214
2021	$3,847,357	$2,282,892	$20,331,340	$1,564,465