LIVONIA COMMUNITY FOUNDATION INC

EIN: 383104141 501(c)(3) Philanthropy & Grantmaking

LIVONIA, MI

Total Revenue
$176,288
Total Expenses
$139,710
Total Assets
$2,634,033
Net Assets
$2,553,579
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MI
Principal Officer
BRIAN MEAKIN
Phone
7347184821
Tax Period
2023-01-01 to 2023-12-31

LIVONIA COMMUNITY FOUNDATION INC, founded in 1993, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $176K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $37K, a strong 21% operating margin.

Mission

TO RECEIVE AND ADMINISTER FUNDS FOR THE PRESERVATION OF CIVIC TREASURES AND THE MAKING OF GRANTS IN SUPPORT OF ARTS, CULTURE, AND CHARITITES IN LIVONIA, MICHIGAN.

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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 $94,765
Program Service Revenue $0
Investment Income $86,692
Other Revenue $-5,169
TOTAL REVENUE $176,288

Expense Breakdown

Grants Paid $61,082
Salaries & Benefits $20,791
Fundraising Expenses $0
Program Expenses $61,082
Other Expenses $57,837
TOTAL EXPENSES $139,710

Year-over-Year Comparison

2023 2022 Change
Revenue $176,288 $432,252 -0.6%
Expenses $139,710 $160,575 -0.1%
Net Income $36,578 $271,677 -0.9%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
24
Employees
1
Volunteers
22

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
$20,000
Total Directors
25
$20,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN MEAKIN EXECUTIVE DIRECTOR 8.00
Officer Director
$20,000 $0 $20,000
JOHN HILTZ PRESIDENT 0.50
Officer Director
$0 $0 $0
CHARLIE MAHONEY VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
GREGORY COPPOLA TREASURER 0.50
Officer Director
$0 $0 $0
TERRY MARECKI SECRETARY 0.50
Officer Director
$0 $0 $0
WILLIAM FRIED TRUSTEE 0.50
Director
$0 $0 $0
SAM CARMAGNO TRUSTEE 0.50
Director
$0 $0 $0
KELLY DENHA TRUSTEE 0.50
Director
$0 $0 $0
MELISSA KAROLAK TRUSTEE 0.50
Director
$0 $0 $0
MARSHALL KLEVEN TRUSTEE 0.50
Director
$0 $0 $0
DAVID LAWRENCE TRUSTEE 0.50
Director
$0 $0 $0
SCOTT MAXWELL TRUSTEE 0.50
Director
$0 $0 $0
JIM MCCANN TRUSTEE 0.50
Director
$0 $0 $0
KATHLEEN MCINTYRE TRUSTEE 0.50
Director
$0 $0 $0
SUSAN NASH TRUSTEE 0.50
Director
$0 $0 $0
DAN WEST TRUSTEE 0.50
Director
$0 $0 $0
TASHA LORD TRUSTEE 0.50
Director
$0 $0 $0
BETSY MCCUE TRUSTEE 0.50
Director
$0 $0 $0
ROBERT GJONAJ-DONOVIC TRUSTEE 0.50
Director
$0 $0 $0
BOB FICANO TRUSTEE 0.50
Director
$0 $0 $0
SEAN KAVANAGH TRUSTEE 0.50
Director
$0 $0 $0
JACK ENGEBRETSON TRUSTEE 0.50
Director
$0 $0 $0
JACK KIRKSEY TRUSTEE 0.50
Director
$0 $0 $0
MAUREEN MILLER BROSNAN TRUSTEE 0.50
Director
$0 $0 $0
DENISE SCALLY TRUSTEE 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 $176,288 $139,710 $2,634,033 $36,578
2022 $432,252 $160,575 $2,295,191 $271,677
2021 $299,533 $129,277 $2,630,516 $170,256
2020 $858,878 $100,082 $2,407,065 $758,796
2019 $113,572 $74,347 $1,504,278 $39,225
2018 $149,869 $80,963 $1,309,314 $68,906
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