KALAMAZOO COMMUNITY FOUNDATION

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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

Principal Officer

RAYMOND BYERS

Phone

2693814416

Tax Period

2023-01-01 to 2023-12-31

KALAMAZOO COMMUNITY FOUNDATION, founded in 1995, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $40.7M in total revenue in fiscal year 2023. The organization ran a surplus of $8.3M, a strong 20% operating margin.

Mission

KALAMAZOO COMMUNITY FOUNDATION'S MISSION IS TO MOBILIZE PEOPLE, RESOURCES, AND EXPERTISE TO ADVANCE RACIAL, SOCIAL, AND ECONOMIC JUSTICE.

Program Service Accomplishments

Program 1

Expenses: $4,993,172 Revenue: $0

UNRESTRICTED FUNDS: DONORS HAVE ESTABLISHED UNRESTRICTED FUNDS WHICH ALLOW THE COMMUNITY FOUNDATION TO RESPOND TO THE MOST CHALLENGING NEEDS IN THE COMMUNITY, RESPOND QUICKLY TO EMERGENCIES, AND...

UNRESTRICTED FUNDS: DONORS HAVE ESTABLISHED UNRESTRICTED FUNDS WHICH ALLOW THE COMMUNITY FOUNDATION TO RESPOND TO THE MOST CHALLENGING NEEDS IN THE COMMUNITY, RESPOND QUICKLY TO EMERGENCIES, AND FACILITATE INNOVATIVE RESPONSES TO COMMUNITY CHALLENGES TO MEET THE VISION OF KALAMAZOO COUNTY AS THE MOST EQUITABLE PLACE TO LIVE.

Program 2

Expenses: $1,248,863 Revenue: $0

SCHOLARSHIP FUNDS PROVIDED FELLOWSHIPS AND SCHOLARSHIPS TO 351 STUDENTS.

Program 3

Expenses: $2,748,809 Revenue: $2,800,877

THE TRUTH, RACIAL HEALING & TRANSFORMATION (TRHT) IS A NATIONAL AND COMMUNITY BASED EFFORT TO ENGAGE COMMUNITIES, ORGANIZATIONS AND INDIVIDUALS FROM MULTIPLE SECTORS IN RACIAL HEALING AND ADDRESSING...

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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 $19,183,204

Program Service Revenue $0

Investment Income $21,526,282

Other Revenue $3,039

TOTAL REVENUE $40,712,525

Expense Breakdown

Grants Paid $24,885,332

Salaries & Benefits $4,606,572

Fundraising Expenses $1,556,853

Program Expenses $27,230,240

Other Expenses $2,901,653

TOTAL EXPENSES $32,393,557

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,712,525	$41,967,790	0.0%
Expenses	$32,393,557	$29,976,106	+0.1%
Net Income	$8,318,968	$11,991,684	-0.3%

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

102

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

$1,088,909

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VON WASHINGTON JR	CHAIR/TRUSTEE	3.00	Officer Director	$0	$0	$0
DR L MARSHALL WASHINGTON	TREASURER/TRUSTEE	3.00	Officer Director	$0	$0	$0
AMY UPJOHN	VICE CHAIR/TRUSTEE	3.00	Officer Director	$0	$0	$0
JORGE GONZALEZ	TRUSTEE	3.00	Officer Director	$0	$0	$0
ARTRELLA COHN	TRUSTEE	3.00	Director	$0	$0	$0
JAMES ESCAMILLA	TRUSTEE	3.00	Director	$0	$0	$0
XIAOAN LI	TRUSTEE	3.00	Director	$0	$0	$0
KAMA TAI MITCHELL	TRUSTEE	3.00	Director	$0	$0	$0
SYDNEY PARFET	TRUSTEE	3.00	Director	$0	$0	$0
LUCAS MANSBERGER	TRUSTEE	3.00	Director	$0	$0	$0
GRACE LUBWAMA	CEO/PRESIDENT	40.00	Officer	$144,183	$6,941	$151,124
JOANNA DALES	CHIEF PHILANTHROPY OFFICER	40.00	Officer	$154,242	$2,649	$156,891
SARAH JENNINGS	FRACTIONAL CFO	10.00	Officer	$0	$0	$0
ERYCKA HUNTER	VP, PEOPLE & OPERATIONS	43.00	Officer	$149,472	$9,436	$158,908
JENNIFER HEYMOSS	VP, INITIATIVES & PUBLIC POLICY	45.00	Officer	$188,614	$21,995	$210,609
SARAH LEE	VP, MARKETING COMMUNICATION	42.00	Officer	$154,860	$502	$155,362
RICCARDO STOECKICHT	INTERIM CFO	40.00	Officer	$0	$0	$0
ROBYN BENNET	HR DIRECTOR	40.00	Officer	$116,120	$17,158	$133,278
KENLANA FERGUSON	COMMUNITY IMPACT DIRECTOR	40.00	Officer	$119,875	$2,862	$122,737

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	$40,712,525	$32,393,557	$639,999,796	$8,318,968
2022	$41,967,790	$29,976,106	$567,971,966	$11,991,684
2021	$78,067,850	$28,000,711	$677,092,659	$50,067,139
2020	$122,279,191	$31,049,211	$585,479,604	$91,229,980
2019	$51,970,603	$23,284,582	$548,863,432	$28,686,021
2018	$40,977,243	$22,914,398	$472,138,282	$18,062,845