WEST MICHIGAN REGIONAL LABORATORY (EIN 383414862) - 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

1998

Legal Domicile

Principal Officer

PAULA SCHUITEMAN-BISHOP

Phone

6165268440

Tax Period

2020-07-01 to 2021-06-30

WEST MICHIGAN REGIONAL LABORATORY, founded in 1998, is a small nonprofit that reported $354K in total revenue in fiscal year 2020. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $390K exceeded revenue, resulting in a 10% operating deficit.

Mission

ADMINISTER A QUALITY FACILITY FOR TEACHING AND RESEARCH PROJECTS DIRECTED BY HIGHER EDUCATION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $238,558

Program Service Revenue $115,257

Investment Income $0

Other Revenue $0

TOTAL REVENUE $353,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $323,735

Other Expenses $390,206

TOTAL EXPENSES $390,206

Year-over-Year Comparison

	2020	2019	Change
Revenue	$353,815	$629,499	-0.4%
Expenses	$390,206	$602,223	-0.4%
Net Income	$-36,391	$27,276	-2.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL BRANDSEN PHD	VICE CHAIR	0.50	Officer Director	$0	$0	$0
BRYN EAGLESON	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM MILLER PHD	SECRETARY	0.50	Officer Director	$0	$0	$0
MATTHEW DENEBERG MD	DIRECTOR	0.50	Director	$0	$0	$0
PAULA SCHUITEMAN-BISHOP	CHAIR	0.50	Officer Director	$0	$0	$0
JIM ENGLISH	VP	0.50	Officer Director	$0	$0	$0
TOM WARNSHUIS	PRESIDENT	0.50	Officer Director	$0	$0	$0
JOE FUGITT	TREASURER	0.50	Officer 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
2021	$353,815	$390,206	$53,977	$-36,391
2020	$629,499	$602,223	$168,075	$27,276
2019	$752,917	$722,164	$193,128	$30,753

WEST MICHIGAN REGIONAL LABORATORY