PROPERTY MANAGEMENT ASSOCIATION OF WEST MICHIGAN (EIN 383164678) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Principal Officer

MIKE CULVER

Phone

6165315243

Tax Period

2023-01-01 to 2023-12-31

PROPERTY MANAGEMENT ASSOCIATION OF WEST MICHIGAN, founded in 1994, is a small nonprofit that reported $361K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

EDUCATION IN PROPERTY MANAGEMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $360,633

Investment Income $665

Other Revenue $0

TOTAL REVENUE $361,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,513

Fundraising Expenses $0

Other Expenses $253,166

TOTAL EXPENSES $362,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$361,298	$382,017	-0.1%
Expenses	$362,679	$343,040	+0.1%
Net Income	$-1,381	$38,977	-1.0%

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

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

$73,724

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY EDWARDS	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
CHARITY HENKELMAN	DIRECTOR	8.00	Director	$0	$0	$0
DAVID BRAINARD	TREASURER	8.00	Officer Director	$0	$0	$0
DYLAN LELAND	SECRETARY	8.00	Officer Director	$0	$0	$0
JESSICA EBERBACH	PRESIDENT	8.00	Officer Director	$0	$0	$0
REBECCA GOFORTH	DIRECTOR	8.00	Director	$0	$0	$0
SCOTT KELTING	DIRECTOR	8.00	Director	$0	$0	$0
TAYLOR BEUKEMA	DIRECTOR	8.00	Director	$0	$0	$0
MIKE CULVER	DIRECTOR	8.00	Director	$0	$0	$0
JOSHUA MCFARLAND	DIRECTOR	8.00	Director	$0	$0	$0
LEAH RAZCKA	DIRECTOR	8.00	Director	$0	$0	$0
MELISSA BRANDT	DIRECTOR	8.00	Director	$0	$0	$0
NICK WESOLEK	DIRECTOR	8.00	Director	$0	$0	$0
ASHLEY FABER	ASSOCIATION EXECUTIVE	40.00	Officer	$73,724	$0	$73,724

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	$361,298	$362,679	$139,794	$-1,381
2022	$382,017	$343,040	$149,730	$38,977
2021	$302,303	$327,718	$107,112	$-25,415
2020	$274,508	$296,775	$118,760	$-22,267
2019	$369,638	$369,851	$139,142	$-213
2018	$349,150	$331,729	$139,355	$17,421

PROPERTY MANAGEMENT ASSOCIATION OF WEST MICHIGAN