ADAMS TWP SCHOOL DISTRICT FOUNDATION INC

EIN: 383563510 501(c)(3) Education

PAINESDALE, MI

Total Revenue
$172,141
Total Expenses
$214,708
Total Assets
$2,125,636
Net Assets
$2,125,636
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MI
Principal Officer
TIM KETERI
Phone
9064820599
Tax Period
2024-07-01 to 2025-06-30

ADAMS TWP SCHOOL DISTRICT FOUNDATION INC, founded in 2000, is a small nonprofit in the Education sector that reported $172K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $215K exceeded revenue, resulting in a 25% operating deficit.

Mission

ASSIST IN THE DEVELOPMENT, IMPLEMENTATION, OR MAINTENANCE OF EDUCATIONAL PROGRAMS WHICH SIGNIFICANTLY CONTRIBUTE TO THE EDUCATION OF STUDENTS IN THE ADAMS TOWNSHIP SCHOOL DISTRICT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $84,053
Program Service Revenue $0
Investment Income $84,038
Other Revenue $4,050
TOTAL REVENUE $172,141

Expense Breakdown

Grants Paid $183,370
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $183,370
Other Expenses $31,338
TOTAL EXPENSES $214,708

Year-over-Year Comparison

2024 2023 Change
Revenue $172,141 $382,450 -0.5%
Expenses $214,708 $153,396 +0.4%
Net Income $-42,567 $229,054 -1.2%
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
12
Independent Members
12
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG SEPPANEN CO PRESIDENT 1.00
Officer Director
$0 $0 $0
STEVE SABATINI CO PRESIDENT 1.00
Officer Director
$0 $0 $0
MATTHEW LUTZ TREASURER 1.00
Officer Director
$0 $0 $0
TIM KETERI SECRETARY 2.00
Officer Director
$0 $0 $0
ANDREW LORENZ BOARD MEMBER 1.00
Director
$0 $0 $0
KARI SLOAT BOARD MEMBER 1.00
Director
$0 $0 $0
JAY RUOHONEN BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS ISKRA BOARD MEMBER 1.00
Director
$0 $0 $0
WES FRAHM BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW RANDELL BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL KORPLEA BOARD MEMBER 1.00
Director
$0 $0 $0
RAY BOSLEY JR BOARD MEMBER 1.00
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
2025 $172,141 $214,708 $2,125,636 $-42,567
2024 $382,450 $153,396 $2,168,203 $229,054
2023 $173,527 $111,831 $1,939,149 $61,696
2022 $177,033 $136,434 $1,877,453 $40,599
2021 $316,055 $133,270 $1,836,854 $182,785
2020 $106,527 $172,234 $1,654,069 $-65,707
2019 $183,666 $119,283 $1,719,776 $64,383
2018 $123,054 $301,820 $1,655,393 $-178,766
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