KEWEENAW FAMILY RESOURCE CENTER

EIN: 383138462 501(c)(3)

HOUGHTON, MI

Total Revenue
$757,525
Total Expenses
$689,318
Total Assets
$663,115
Net Assets
$493,490
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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
STACY HOLLENBECK
Phone
9064829363
Tax Period
2023-10-01 to 2024-09-30

KEWEENAW FAMILY RESOURCE CENTER, founded in 1993, is a small nonprofit that reported $758K in total revenue in fiscal year 2023. Expenses of $689K left a modest 9% surplus.

Mission

THE KEWEENAW FAMILY RESOURCE CENTER SUPPORTS, ENRICHES, AND STRENGTHENS FAMILY LIVES IN THE KEWEENAW PENINSULA BY PROVIDING A VARIETY OF PROGRAMS THAT FOCUS ON FAMILIES WITH YOUNG CHILDREN.

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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 $730,794
Program Service Revenue $19,818
Investment Income $4,986
Other Revenue $1,927
TOTAL REVENUE $757,525

Expense Breakdown

Grants Paid $0
Salaries & Benefits $417,116
Fundraising Expenses $419
Program Expenses $646,575
Other Expenses $272,202
TOTAL EXPENSES $689,318

Year-over-Year Comparison

2023 2022 Change
Revenue $757,525 $724,883 +0.0%
Expenses $689,318 $520,065 +0.3%
Net Income $68,207 $204,818 -0.7%
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
14
Volunteers
25

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
4
$0
Total Directors
10
$72,163
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IOLA BRUBAKER EXECUTIVE DI 40.00
Director
$63,500 $8,663 $72,163
STACY HOLLENBECK PRESIDENT 0.93
Officer Director
$0 $0 $0
MICHAEL PLAGER VICE PRESIDE 0.54
Officer Director
$0 $0 $0
CHERI LAMPINEN TREASURER 0.54
Officer Director
$0 $0 $0
ANDRA ZIEMNICK SECRETARY 0.35
Officer Director
$0 $0 $0
RHYS EDWARDS DIRECTOR 0.35
Director
$0 $0 $0
HANNAH MILLS DIRECTOR 0.35
Director
$0 $0 $0
KRISTI KIRKPATRICK DIRECTOR 0.12
Director
$0 $0 $0
JENNIFER BEAUDETTE DIRECTOR 0.23
Director
$0 $0 $0
LORI BRADLEY DIRECTOR 0.21
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 No data No data No data No data
2024 $757,525 $689,318 $663,115 $68,207
2023 $724,883 $520,065 $570,772 $204,818
2022 $456,252 $453,689 $252,301 $2,563
2021 $339,584 $299,395 $264,176 $40,189
2020 $313,834 $311,937 $257,390 $1,897
2019 $246,240 $264,522 $196,115 $-18,282
2018 $403,582 $389,556 $202,301 $14,026
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