BLOOMFIELD VILLAGE ASSOCIATION

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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

1942

Legal Domicile

Principal Officer

KRISTEN SOWLE

Phone

2486493400

Tax Period

2024-01-01 to 2024-12-31

BLOOMFIELD VILLAGE ASSOCIATION, founded in 1942, is a small nonprofit that reported $303K in total revenue in fiscal year 2024. Expenses of $292K left a modest 4% surplus.

Mission

TO MAINTAIN AND IMPROVE THE CHARACTER AND CONDITION OF BLOOMFIELD VILLAGE, BLOOMFIELD TOWNSHIP; TO ENFORCE THE BUILDING AND SIGN RESTRICTIONS GOVERNING BLOOMFIELD VILLAGE.

Program Service Accomplishments

Program 1

Expenses: $99,307 Revenue: $256,183

THE ORGANIZATION MAINTAINS THE COMMON AREAS OF BLOOMFIELD VILLAGE FOR THE BENEFIT OF ALL ITS MEMBERS.

Program 2

Expenses: $8,166 Revenue: $20,425

THE ORGANIZATION ISSUES FOUR BULLETINS ANNUALLY FOR ITS MEMBERS. THESE BULLETINS ARE USED TO INFORM ITS MEMBERS OF THE CURRENT ACTIVITIES OF THE ORGANIZATION.

Program 3

Expenses: $1,200

THE ORGANIZATION MAINTAINS A WEBSITE FOR ITS MEMBERS. THE WEBSITE IS USED TO INFORM MEMBERS OF ORGANIZATIONAL INFORMATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,900

Program Service Revenue $257,683

Investment Income $14,918

Other Revenue $20,425

TOTAL REVENUE $302,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $11,966

Program Expenses $108,673

Other Expenses $292,256

TOTAL EXPENSES $292,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,926	$300,486	+0.0%
Expenses	$292,256	$276,328	+0.1%
Net Income	$10,670	$24,158	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE KASTNER	TREASURER	0.00	Officer Director	$0	$0	$0
KRISTEN SOWLE	PRESIDENT	N/A	Officer Director	$0	$0	$0
ELIZABETH LYNCH	SECRETARY	N/A	Officer Director	$0	$0	$0
JANIS ACOSTA	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BRIAN KOTT	TRUSTEE	N/A	Director	$0	$0	$0
DAN SULLIVAN	TRUSTEE	N/A	Director	$0	$0	$0
PHIL ALESSI	TRUSTEE	N/A	Director	$0	$0	$0
BILL FINANTERI	TRUSTEE	N/A	Director	$0	$0	$0
DREW PRIDE	TRUSTEE	N/A	Director	$0	$0	$0
MEGAN SPECKTOR	TRUSTEE	N/A	Director	$0	$0	$0
ANNIE CHARTERS	TRUSTEE	N/A	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	No data	No data	No data	No data
2024	$302,926	$292,256	$267,055	$10,670
2023	$300,486	$276,328	$256,387	$24,158
2022	$304,455	$319,218	$232,229	$-14,763
2021	$255,013	$234,677	$246,992	$20,336
2020	$251,495	$196,781	$226,656	$54,714