The Fremont Area Elderly Needs Fund

EIN: 383072183 501(c)(3)

Fremont, MI

Total Revenue
$598,378
Total Expenses
$400,382
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MI
Phone
2319245350
Tax Period
2024-01-01 to 2024-12-31

The Fremont Area Elderly Needs Fund, founded in 1992, is a small nonprofit that reported $598K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $198K, a strong 33% operating margin.

Mission

TO COMPLEMENT AND SUPPLEMENT THE CHARITABLE OBJECTIVES OF FREMONT AREA COMMUNITY FOUNDATION BY MAKING GRANTS TO CHARITABLE ORGANIZATIONS THAT SERVE THE OLDER ADULT POPULATION OF NEWAYGO COUNTY AND THE SURROUNDING WEST MICHIGAN AREA.

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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 $0
Program Service Revenue $0
Investment Income $598,378
Other Revenue $0
TOTAL REVENUE $598,378

Expense Breakdown

Grants Paid $247,844
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $247,844
Other Expenses $152,538
TOTAL EXPENSES $400,382

Year-over-Year Comparison

2024 2023 Change
Revenue $598,378 $495,860 +0.2%
Expenses $400,382 $506,980 -0.2%
Net Income $197,996 $-11,120 -18.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTIE POLLOCK PRESIDENT 1.0
Officer Director
$0 $0 $0
GERALD VANWIEREN VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
HERMAN BECKER SECRETARY / TREASURER 1.0
Officer Director
$0 $0 $0
CHRISTIAN BURNS DIRECTOR 1.0
Director
$0 $0 $0
DAWN BUSHOUSE DIRECTOR STARTING JUNE 2024 1.0
Director
$0 $0 $0
JENA ZEERIP DIRECTOR 1.0
Director
$0 $0 $0
KERRIE BACON DIRECTOR STARTING JUNE 2024 1.0
Director
$0 $0 $0
LINDA LANDHEER DIRECTOR 1.0
Director
$0 $0 $0
RACHEL MADDOX DIRECTOR 1.0
Director
$0 $0 $0
STEWART SANDERS DIRECTOR starting 6/15/2024 1.0
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 $598,378 $400,382 No data $197,996
2023 $495,860 $506,980 $12,713,143 $-11,120
2022 $850,558 $549,535 $11,482,474 $301,023
2021 $987,732 $542,914 $13,776,498 $444,818
2020 $244,210 $450,061 $12,294,567 $-205,851
2019 $373,794 $459,869 $11,503,654 $-86,075
2018 $711,922 $414,034 $10,038,518 $297,888
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