FW & ELSIE HEYL SCI SCH FD & ADM

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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

1971

Legal Domicile

Phone

4127686324

Tax Period

2023-01-01 to 2023-12-31

FW & ELSIE HEYL SCI SCH FD & ADM, founded in 1971, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 41% operating margin.

Mission

THIS ORGANIZATION PROVIDES GRANTS TO THREE COLLEGES. THEY IN TURN MAKE TO SCHOLARSHIPS TO INDIVIDUAL STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $2,184,203

GRANTS FOR SCHOLARSHIPS AND EDUCATIONAL PURPOSES PAID TO KALAMAZOO COLLEGE

Program 2

Expenses: $92,521

GRANTS FOR SCHOLARSHIPS AND EDUCATIONAL PURPOSES PAID TO YALE UNIVERSITY

Program 3

Expenses: $43,744

GRANTS FOR SCHOLARSHIPS AND EDUCATIONAL PURPOSES PAID TO WESTERN MICHIGAN UNIVERSITY

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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 $0

Program Service Revenue $0

Investment Income $4,114,741

Other Revenue $0

TOTAL REVENUE $4,114,741

Expense Breakdown

Grants Paid $2,308,146

Salaries & Benefits $66,638

Fundraising Expenses $0

Program Expenses $2,321,474

Other Expenses $58,500

TOTAL EXPENSES $2,433,284

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,114,741	$2,162,780	+0.9%
Expenses	$2,433,284	$2,454,869	0.0%
Net Income	$1,681,457	$-292,089	-6.8%

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

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

$61,576

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORGE GONZALEZ	PRESIDENT	1.0	Officer Director	$0	$0	$0
JANICE HANSON	ASSISTANT VICE PRESIDENT	1.0	Director	$0	$0	$0
JOVAUGHN CARVER	BOARD MEMBER	1.0	Director	$0	$0	$0
CRAIG HAYNES	DIRECTOR	1.0	Director	$0	$0	$0
RYAN OPRIA	CO-TRUSTEE	1.0	Director	$0	$0	$0
ANTHONY BUZZELLI	BOARD MEMBER	1.0	Director	$0	$0	$0
WRAEGEN WILLIAMS	EXECUTIVE DIRECTOR	1.0	Director	$0	$0	$61,576
MATTHEW BABBITT	VICE PRESIDENT	1.0	Director	$0	$0	$0
SARA SHIELDS	SENIOR VICE PRESIDENT	1.0	Director	$0	$0	$0
NELSON KARRE	CO-TRUSTEE	1.0	Director	$0	$0	$0
MEGAN REDDING	SENIOR VICE PRESIDENT	1.0	Director	$0	$0	$0
DEANNE HARTMAN	VICE PRESIDENT	1.0	Director	$0	$0	$0
PNC BANK N A	TRUSTEE	14.0		$66,638	$0	$66,638

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	$4,114,741	$2,433,284	$46,727,659	$1,681,457
2022	$2,162,780	$2,454,869	$45,009,051	$-292,089
2021	$3,279,020	$2,093,367	$45,324,030	$1,185,653
2020	$454,317	$2,267,379	$44,255,216	$-1,813,062
2019	$5,553,104	$2,341,164	$46,073,547	$3,211,940
2018	$4,813,032	$2,443,725	$42,866,802	$2,369,307