SPRING LAKE, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WEST MICHIGAN ACADEMY OF ARTS AND ACADEMICS, founded in 1996, is a community nonprofit in the Education sector that reported $5.8M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $5.4M left a modest 6% surplus.
THE ACADEMY SERVES STUDENTS PRESCHOOL THROUGH EIGHTH GRADE AND PROVIDES A STRONG ACADEMIC PROGRAM THAT IS INTERGRATED WITH AND REINFORCED THROUGH THE ARTS. THE CURRICULUM PROMOTES ACADEMIC EXCELLENCE FOR ALL STUDENTS IN TRADITIONAL AREAS AS WELL AS IN DRAMA, DANCE, INSTRUMENTAL MUSIC, VOCAL MUSIC AND VISUAL ART.
OPERATES A CHARTER PUBLIC SCHOOL IN THE STATE OF MICHIGAN EDUCATING CHILDREN WITH AN EMPHASIS ON ARTS FOR PRESCHOOL THROUGH EIGHTH GRADE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,759,327 | $6,266,725 | -0.1% |
| Expenses | $5,434,944 | $6,132,018 | -0.1% |
| Net Income | $324,383 | $134,707 | +1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TIM TIEFENBACH | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MELISA SASS | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BROOKE KARL | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KRIS JONES | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NICK LOOTENS | TRUSTEE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIFFANY MOODY | TRUSTEE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $5,759,327 | $5,434,944 | $8,211,973 | $324,383 |
| 2024 | $6,266,725 | $6,132,018 | $8,163,611 | $134,707 |
| 2023 | $5,876,616 | $5,662,106 | $7,984,018 | $214,510 |
| 2022 | $5,344,815 | $5,460,765 | $7,715,220 | $-115,950 |
| 2021 | $4,687,511 | $4,586,424 | $8,042,422 | $101,087 |
| 2020 | $4,035,980 | $4,056,361 | $7,844,196 | $-20,381 |
| 2019 | $4,061,550 | $3,941,452 | $7,987,876 | $120,098 |
| 2018 | $4,059,224 | $3,978,033 | $7,979,575 | $81,191 |
Compare WEST MICHIGAN ACADEMY OF ARTS AND ACADEMICS with other nonprofits in Michigan and across the country.