THE GILMOUR-JIRGENS FUND

EIN: 383251051 501(c)(3) Philanthropy & Grantmaking

DETROIT, MI

Total Revenue
$55,561
Total Expenses
$196,000
Total Assets
$1,655,531
Net Assets
$1,655,531
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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
1995
Legal Domicile
MI
Principal Officer
ALLAN D GILMOUR
Phone
3139616675
Tax Period
2023-01-01 to 2023-12-31

THE GILMOUR-JIRGENS FUND, founded in 1995, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $56K in total revenue in fiscal year 2023. Expenses of $196K exceeded revenue, resulting in a 253% operating deficit.

Mission

THE GILMOUR-JIRGENS FUND SUPPORTS THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN (CFSEM) BY SUPPORTING ORGANIZATIONS WHOSE WORK FURTHERS CFSEM'S MISSION. THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN'S MISSION IS TO BUILD THE RESOURCES, RELATIONSHIPS AND EXPERTISE REQUIRED TO EXPAND EQUITABLE ACCESS TO OPPORTUNITIES ACROSS SOUTHEAST MICHIGAN TO MAKE IT A DESIRABLE PLACE TO LIVE, WORK AND PLAY FOR ALL RESIDENTS, TODAY AND TOMORROW.

Program Service Accomplishments

Program 1
Expenses: $190,000

FORTY-SIX GRANTS WERE MADE TO THIRTY-EIGHT TAX-EXEMPT CHARITABLE ORGANIZATIONS TO SUPPORT CHARITABLE ACTIVITIES PRIMARILY IN SOUTHEASTERN 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 $0
Program Service Revenue $0
Investment Income $55,561
Other Revenue $0
TOTAL REVENUE $55,561

Expense Breakdown

Grants Paid $190,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $190,000
Other Expenses $6,000
TOTAL EXPENSES $196,000

Year-over-Year Comparison

2023 2022 Change
Revenue $55,561 $-16,983 -4.3%
Expenses $196,000 $206,500 -0.1%
Net Income $-140,439 $-223,483 -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

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
5

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
2
$690,131
Total Directors
6
$690,131
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD L DEVORE SECRETARY/TREASURER/DIRECTOR 0.50
Officer Director
$0 $51,905 $690,131
ALLAN D GILMOUR CHAIR/PRESIDENT 0.50
Officer Director
$0 $0 $0
ERIC C JIRGENS DIRECTOR 0.50
Director
$0 $0 $0
HENRY M GRIX DIRECTOR 0.50
Director
$0 $0 $0
MARIAM C NOLAND DIRECTOR 0.50
Director
$0 $0 $0
NANCY M SCHLICHTING DIRECTOR 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 $55,561 $196,000 $1,655,531 $-140,439
2022 $-16,983 $206,500 $1,767,858 $-223,483
2021 $1,023,834 $218,150 $2,012,142 $805,684
2020 $37,159 $202,650 $1,232,285 $-165,491
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