EATON RAPIDS MEDICAL CENTER FOUNDATION

EIN: 383582316 501(c)(3) Philanthropy & Grantmaking

EATON RAPIDS, MI

Total Revenue
$233,761
Total Expenses
$16,244
Total Assets
$2,459,610
Net Assets
$2,438,195
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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
MI
Phone
5176632671
Tax Period
2024-07-01 to 2025-06-30

EATON RAPIDS MEDICAL CENTER FOUNDATION, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $234K in total revenue in fiscal year 2024. The organization ran a surplus of $218K, a strong 93% operating margin.

Mission

THE ERMC FOUNDATION RAISES FUNDS FOR EQUIPMENT PURCHASES, BUILDING IMPROVEMENTS AND EDUCATIONAL PROGRAMS AT EATON RAPIDS MEDICAL CENTER.

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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 $132,365
Program Service Revenue $0
Investment Income $110,726
Other Revenue $-9,330
TOTAL REVENUE $233,761

Expense Breakdown

Grants Paid $5,954
Salaries & Benefits $0
Fundraising Expenses $10,290
Program Expenses $5,954
Other Expenses $10,290
TOTAL EXPENSES $16,244

Year-over-Year Comparison

2024 2023 Change
Revenue $233,761 $217,324 +0.1%
Expenses $16,244 $19,848 -0.2%
Net Income $217,517 $197,476 +0.1%
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
11
Independent Members
9
Employees
N/A
Volunteers
25

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
$612,030
Total Directors
11
$612,030
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA VANDENBERG SECRETARY 0.5
Officer Director
$0 $0 $0
RICK ACKER BOARD CHAIRPERSON 0.5
Officer Director
$0 $0 $0
SHARI GLYNN TREASURER 1.0
Officer Director
$0 $12,380 $241,702
TIMOTHY JOHNSON PRESIDENT 1.0
Officer Director
$0 $15,457 $370,328
DAVID JOHNSON DIRECTOR 0.5
Director
$0 $0 $0
GARY WICHMAN DIRECTOR 0.5
Director
$0 $0 $0
JODI BACKOFEN DIRECTOR 0.5
Director
$0 $0 $0
KYLE BOOHER DIRECTOR 0.5
Director
$0 $0 $0
MARK HAUBERT DIRECTOR 0.5
Director
$0 $0 $0
NATE SKINNER DIRECTOR 0.5
Director
$0 $0 $0
YVONNE RIDGE DIRECTOR 0.5
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 $233,761 $16,244 $2,459,610 $217,517
2024 $217,324 $19,848 $2,189,786 $197,476
2023 $184,658 $11,574 $1,882,223 $173,084
2022 $265,449 $9,578 $1,655,691 $255,871
2021 $174,186 $9,598 $1,677,368 $164,588
2020 $158,589 $42,138 $1,380,245 $116,451
2019 $230,683 $341,456 $1,194,925 $-110,773
2018 $208,867 $3,904 $1,295,181 $204,963
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