BOTANICAL GARDEN SOCIETY OF NORTHW… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

KAREN SCHMIDT

Phone

2319354077

Tax Period

2023-01-01 to 2023-12-31

BOTANICAL GARDEN SOCIETY OF NORTHWEST MICHIGAN INC, founded in 2000, is a small nonprofit in the Environment sector that reported $524K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $93K, a strong 18% operating margin.

Mission

DESIGN, BUILD, AND MANAGE A YEAR-ROUND BOTANICAL GARDEN IN NORTHWEST MICHIGAN FOR THE PURPOSES OF BOTANICAL AND ENVIRONMENTAL PRESERVATION, EDUCATION, AND RESEARCH AS WELL AS THE ENJOYMENT OF CITIZENS AND VISITORS.

Program Service Accomplishments

Program 1

Expenses: $353,238

DESIGN, BUILD, AND MANAGE A YEAR-ROUND BOTANICAL GARDEN IN NORTHWEST MICHIGAN FOR THE PURPOSES OF BOTANICAL AND ENVIRONMENTAL PRESERVATION, EDUCATION, AND RESEARCH AS WELL AS THE ENJOYMENT OF...

Program 2

Expenses: $13,844 Revenue: $26,131

PROVIDE CLASSES AND WORKSHOPS TO PROMOTE EDUCATION. HOST PROGRAM EVENTS AND TOURS FOR THE PUBLIC.

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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 $373,086

Program Service Revenue $26,131

Investment Income $28,219

Other Revenue $96,069

TOTAL REVENUE $523,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,041

Fundraising Expenses $35,239

Program Expenses $367,082

Other Expenses $292,386

TOTAL EXPENSES $430,427

Year-over-Year Comparison

	2023	2022	Change
Revenue	$523,505	$1,253,689	-0.6%
Expenses	$430,427	$519,862	-0.2%
Net Income	$93,078	$733,827	-0.9%

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

105

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

$128,986

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW ROSS	EXECUTIVE DI	40.00	Director	$115,000	$0	$115,000
KAREN SCHMIDT	CHAIR	30.00	Officer Director	$0	$0	$0
HELEN GROVE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
DR NANCY ZIMMER	SECRETARY	3.00	Officer Director	$0	$0	$0
KIM SKEELS	TREASURER	3.00	Officer Director	$0	$0	$0
ROBERT PARKER	SERGEANT AT	3.00	Officer Director	$0	$0	$0
MIKE MCNULTY	DIRECTOR/GIF	25.00	Director	$13,986	$0	$13,986
SANDI CLARK	DIRECTOR	3.00	Director	$0	$0	$0
LIZ CLOUS	DIRECTOR	3.00	Director	$0	$0	$0
MARINA DEERING	DIRECTOR	3.00	Director	$0	$0	$0
DEBRA EDSON	DIRECTOR	3.00	Director	$0	$0	$0
RHONDA ESTES	DIRECTOR	3.00	Director	$0	$0	$0
JENNIFER LAKE	DIRECTOR	3.00	Director	$0	$0	$0
TRACY RAZ	DIRECTOR	3.00	Director	$0	$0	$0
JESSICA ROHLOFF	DIRECTOR	3.00	Director	$0	$0	$0
SHARON SCRANTON	DIRECTOR	3.00	Director	$0	$0	$0
RACHEL STRAUGHEN BEGIN 93023	DIRECTOR	3.00	Director	$0	$0	$0
ADA TAKACS	DIRECTOR	3.00	Director	$0	$0	$0
STEVE TAVENER THRU 33123	DIRECTOR	3.00	Director	$0	$0	$0
MARIA TUCKER	DIRECTOR	3.00	Director	$0	$0	$0
KEN RICHMOND	HONORARY BOA	3.00	Director	$0	$0	$0
DR ROBERT SCHUTZKI	HONORARY BOA	3.00	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	No data	No data	No data	No data
2023	$523,505	$430,427	$2,314,912	$93,078
2022	$1,253,689	$519,862	$2,206,725	$733,827
2021	$1,247,686	$285,968	$1,461,248	$961,718
2020	$370,837	$242,700	$503,942	$128,137
2019	$318,848	$265,189	$382,394	$53,659
2018	$249,136	$221,092	$319,209	$28,044

BOTANICAL GARDEN SOCIETY OF NORTHWEST MICHIGAN INC