MISSION FOR AREA PEOPLE (EIN 383220964) - 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

1988

Legal Domicile

Principal Officer

VONDIE WOODBURY

Phone

2317339672

Tax Period

2024-01-01 to 2024-12-31

MISSION FOR AREA PEOPLE, founded in 1988, is a small nonprofit in the Religion sector that reported $527K in total revenue in fiscal year 2024. Expenses of $590K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE FOR THE NEEDY IN THE COMMUNITY OF GREATER MUSKEGON, 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $497,529

Program Service Revenue $0

Investment Income $11,369

Other Revenue $17,766

TOTAL REVENUE $526,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,477

Fundraising Expenses $0

Program Expenses $484,004

Other Expenses $411,796

TOTAL EXPENSES $590,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$526,664	$546,772	0.0%
Expenses	$590,273	$592,500	0.0%
Net Income	$-63,609	$-45,728	+0.4%

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

120

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

$53,954

Total Directors

$53,954

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTEN TURGEON	EXECUTIVE DIRECTOR	40.00	Officer Director	$53,954	$0	$53,954
VONDIE WOODBURY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOSHUA REECE	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
RICHARD ROBINSON	TREASURER	1.00	Officer Director	$0	$0	$0
LADON GUSTAFSON	SECRETARY	1.00	Officer Director	$0	$0	$0
BRANDON BASKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBRA BRADFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY BURT	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM G ECKERT III	BOARD MEMBER	1.00	Director	$0	$0	$0
TRINECIA LEFEAR	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY MORGENSTERN	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM NIELSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DR REMINGTON SPRAGUE MD	BOARD MEMBER	1.00	Director	$0	$0	$0
ALICIA SPRINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
REV JEFF BOWMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY HAGANS	BOARD MEMBER	1.00	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
2024	$526,664	$590,273	$275,179	$-63,609
2023	$546,772	$592,500	$343,500	$-45,728
2022	$2,012,260	$2,013,596	$491,236	$-1,336
2021	$1,803,675	$1,667,830	$385,328	$135,845
2020	$593,098	$407,626	$270,882	$185,472
2019	$238,097	$249,831	$57,498	$-11,734
2018	$253,175	$268,366	$79,329	$-15,191
2017	$317,974	$339,206	$91,801	$-21,232

MISSION FOR AREA PEOPLE