CATHOLIC FOUNDATION OF SOUTHWESTERN MICH

EIN: 452755858 501(c)(3)

KALAMAZOO, MI

Total Revenue
$3,140,113
Total Expenses
$81,574
Total Assets
$24,659,043
Net Assets
$14,762,624
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MI
Principal Officer
TAMMI WACHTERHAUSER
Phone
2693498714
Tax Period
2024-07-01 to 2025-06-30

CATHOLIC FOUNDATION OF SOUTHWESTERN MICH, founded in 2011, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. The organization ran a surplus of $3.1M, a strong 97% operating margin.

Mission

HOLD FUNDS FOR FURTHERING THE CHARITABLE, EDUCATIONAL, AND SOCIAL SERVICES OF THE CATHOLIC CHURCH OF THE DIOCESE OF KALAMAZOO, MI.

Program Service Accomplishments

Program 1
Expenses: $5,417

HELD, MANAGED AND DISTRIBUTED FUNDS FOR FURTHERING THE CHARITABLE EDUCATIONAL, AND SOCIAL SERVICES OF THE CATHOLIC CHURCH OF THE DIOCESE OF KALAMAZOO, MI.

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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 $2,723,771
Program Service Revenue $0
Investment Income $416,342
Other Revenue $0
TOTAL REVENUE $3,140,113

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,417
Other Expenses $81,574
TOTAL EXPENSES $81,574

Year-over-Year Comparison

2024 2023 Change
Revenue $3,140,113 $3,274,321 0.0%
Expenses $81,574 $107,080 -0.2%
Net Income $3,058,539 $3,167,241 0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
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
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MSGR THOMAS MARTIN DIRECTOR 1.00
Director
$0 $0 $0
TIM HARDING DIRECTOR 1.00
Director
$0 $0 $0
THERESA CYPHER DIRECTOR 2.00
Director
$0 $0 $0
IAN KENNEDY DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL WILLIS DIRECTOR 2.00
Director
$0 $0 $0
KEITH THARP DIRECTOR 40.00
Director
$0 $0 $0
MATT KAVANAUGH DIRECTOR 1.00
Director
$0 $0 $0
JACK JOSWICK DIRECTOR 1.00
Director
$0 $0 $0
FR FABIO GARZON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TAMMI WACHTERHAUSER TREASURER 1.00
Officer Director
$0 $0 $0
SHERRY GESMUNDO BOARD CHAIR 1.00
Officer Director
$0 $0 $0
BISHOP EDWARD M LOHSE PRESIDENT 1.00
Officer
$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 $3,140,113 $81,574 $24,659,043 $3,058,539
2024 $3,274,321 $107,080 $18,620,378 $3,167,241
2023 $1,999,848 $42,565 $13,672,510 $1,957,283
2022 $5,891,859 $46,990 $10,076,615 $5,844,869
2021 $1,419,772 $183,451 $4,284,892 $1,236,321
2020 $191,748 $327,254 $8,765,165 $-135,506
2019 $474,224 $270,489 $10,510,909 $203,735
2018 $428,308 $69,635 $9,928,713 $358,673
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