COMMUNITY FOUNDATION FOR MUSKEGON COUNTY (EIN 386114135) - 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

1961

Legal Domicile

Principal Officer

TODD JACOBS

Phone

2317224538

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY FOUNDATION FOR MUSKEGON COUNTY, founded in 1961, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $19.4M in total revenue in fiscal year 2024. Expenses of $18.1M left a modest 6% surplus.

Mission

BETTER THE LIVES OF AREA RESIDENTS THROUGH INVESTING AND ADMINISTERING GIFTS AND BEQUESTS AND ISSUING GRANTS FOR SPECIFIC CHARITABLE AND EDUCATIONAL PROGRAMS.

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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 $8,670,225

Program Service Revenue $960,546

Investment Income $9,111,175

Other Revenue $613,600

TOTAL REVENUE $19,355,546

Expense Breakdown

Grants Paid $16,724,808

Salaries & Benefits $2,427,831

Fundraising Expenses $909,323

Program Expenses $15,708,436

Other Expenses $-1,023,574

TOTAL EXPENSES $18,129,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,355,546	$18,049,476	+0.1%
Expenses	$18,129,065	$17,248,679	+0.1%
Net Income	$1,226,481	$800,797	+0.5%

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

199

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

$340,993

Total Directors

$199,484

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRISCILLA WILCOX	CHAIR	1.00	Officer Director	$0	$0	$0
EDWARD GARNER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TODD JACOBS	SECRETARY/PRESIDENT	40.00	Officer Director	$190,614	$8,870	$199,484
KATIE HENSLEY	TREASURER	1.00	Officer Director	$0	$0	$0
ASALINE SCOTT	SPECIAL ADVISOR TO THE BOA	1.00	Officer Director	$0	$0	$0
BRAD HILLEARY	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
DAVID HAZEKAMP	TRUSTEE	1.00	Director	$0	$0	$0
HON MARIA LADAS HOOPES	TRUSTEE	1.00	Director	$0	$0	$0
ROZELIA PATINO	TRUSTEE	1.00	Director	$0	$0	$0
GARY ALLORE	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY WILSON	TRUSTEE	1.00	Director	$0	$0	$0
JANE OTRHALEK	TRUSTEE	1.00	Director	$0	$0	$0
TROYCIE NICHOLS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID SHAFER	TRUSTEE	1.00	Director	$0	$0	$0
ANGELITA VALDEZ	TRUSTEE	1.00	Director	$0	$0	$0
MICHELE VANDERLINDE	TRUSTEE	1.00	Director	$0	$0	$0
DUANE BENNETT	TRUSTEE	1.00	Director	$0	$0	$0
DEIDRE BRIEGEL	TRUSTEE	1.00	Director	$0	$0	$0
DWIGHT VINES	TRUSTEE	1.00	Director	$0	$0	$0
ISRAEL VELEZ	CFO	40.00	Officer	$111,198	$30,311	$141,509
JANELLE MAIR	VP COMMUNITY INVESTMENT	40.00	Highest	$102,693	$30,971	$133,664
AMY MOORE	VP CAPACITY AND COMMUNITY	40.00	Highest	$101,142	$30,958	$132,100

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	$19,355,546	$18,129,065	$250,516,358	$1,226,481
2023	$18,049,476	$17,248,679	$233,413,617	$800,797
2022	$19,966,872	$14,261,103	$209,235,541	$5,705,769
2021	$28,555,582	$15,396,697	$247,862,579	$13,158,885
2020	$18,670,487	$14,110,946	$219,976,917	$4,559,541
2019	$19,268,079	$15,684,045	$209,766,411	$3,584,034
2018	$15,388,256	$12,308,903	$177,562,945	$3,079,353

COMMUNITY FOUNDATION FOR MUSKEGON COUNTY