K-CONNECT C/O FUSION BUSINESS SERVICES

EIN: 464605245 501(c)(3) Education

GRAND RAPIDS, MI

Total Revenue
$1,300,382
Total Expenses
$1,287,532
Total Assets
$1,758,610
Net Assets
$1,461,736
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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
2013
Legal Domicile
MI
Principal Officer
SALVADOR LOPEZ
Phone
6162429700
Tax Period
2024-10-01 to 2025-09-30

K-CONNECT C/O FUSION BUSINESS SERVICES, founded in 2013, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

KCONNECT ENSURES THAT ALL CHILDREN IN KENT COUNTY HAVE A CLEAR PATH TO ECONOMIC PROSPERITY THROUGH FAMILY, QUALITY EDUCATION, AND COMMUNITY SUPPORTS.

Program Service Accomplishments

Program 1
Expenses: $1,056,359 Revenue: $289,833

KCONNECT'S 2025 WORK CENTERS ON STRENGTHENING THE SYSTEMS THAT SHAPE OPPORTUNITY BY ALIGNING PARTNERS, DATA, AND COMMUNITY VOICE TO ADVANCE ECONOMIC MOBILITY. AS A COLLECTIVE IMPACT BACKBONE...

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KCONNECT'S 2025 WORK CENTERS ON STRENGTHENING THE SYSTEMS THAT SHAPE OPPORTUNITY BY ALIGNING PARTNERS, DATA, AND COMMUNITY VOICE TO ADVANCE ECONOMIC MOBILITY. AS A COLLECTIVE IMPACT BACKBONE, KCONNECT DEEPENED CROSS-SECTOR COLLABORATION ACROSS EDUCATION, WORKFORCE, HEALTH, AND ECONOMIC DEVELOPMENT, WHILE ADVANCING A SHARED POLICY AGENDA AND CLEAR SYSTEM-LEVEL MEASURES OF PROGRESS. KEY EFFORTS INCLUDED EXPANDING ACCESS AND PERSISTENCE FOR ADULT LEARNERS, ADVANCING A WRAPAROUND SERVICES MODEL FOR POSTSECONDARY SUCCESS, DIVERSIFYING THE EDUCATOR WORKFORCE THROUGH INITIATIVES SUCH AS TEACH HERE, AND ELEVATING COORDINATED ADVOCACY THROUGH CONVENINGS AND THE PACE FORWARD PODCAST. IN PARALLEL, KCONNECT SUPPORTED PATHWAYS TO WEALTH-BUILDING BY ELEVATING BUSINESS OWNERSHIP AS A STRATEGY FOR COMMUNITY STABILITY AND BY LAUNCHING LIVEDPAY TO FAIRLY COMPENSATE COMMUNITY MEMBERS FOR THEIR LIVED EXPERIENCE AND LEADERSHIP.

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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 $1,010,452
Program Service Revenue $289,833
Investment Income $97
Other Revenue $0
TOTAL REVENUE $1,300,382

Expense Breakdown

Grants Paid $0
Salaries & Benefits $804,986
Fundraising Expenses $42,889
Program Expenses $1,056,359
Other Expenses $482,546
TOTAL EXPENSES $1,287,532

Year-over-Year Comparison

2024 2023 Change
Revenue $1,300,382 $1,585,938 -0.2%
Expenses $1,287,532 $1,116,493 +0.2%
Net Income $12,850 $469,445 -1.0%
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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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
10
Employees
6
Volunteers
216

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
$153,207
Total Directors
14
$153,207
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SALVADOR LOPEZ PRESIDENT/EXEC DIRECTOR 40.00
Officer Director
$148,772 $4,435 $153,207
VANESSA GREENE TRUSTEE 1.00
Director
$0 $0 $0
KATE BERENS TRUSTEE 1.00
Director
$0 $0 $0
KEVIN POLSTON TRUSTEE 1.00
Director
$0 $0 $0
JACOB MAAS TRUSTEE 1.00
Director
$0 $0 $0
DANA LINNANE TRUSTEE 1.00
Director
$0 $0 $0
STACY STOUT TRUSTEE 1.00
Director
$0 $0 $0
JAMES LOGAN TRUSTEE 1.00
Director
$0 $0 $0
RANDY THELEN TRUSTEE (ENDED 12/24) 1.00
Director
$0 $0 $0
KRISTA FLYNN TRUSTEE (ENDED 12/24) 2.00
Director
$0 $0 $0
DR BRANDY LOVELADY MITCHELL TRUSTEE (ENDED 12/24) 2.00
Director
$0 $0 $0
MICHELLE VAN DYKE TREASURER 2.00
Officer Director
$0 $0 $0
ANDREW BROWER CO-CHAIR 2.00
Officer Director
$0 $0 $0
JAMON ALEXANDER CO-CHAIR 2.00
Officer 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 $1,300,382 $1,287,532 $1,758,610 $12,850
2024 $1,585,938 $1,116,493 $1,557,681 $469,445
2023 $761,725 $1,079,976 $1,121,329 $-318,251
2022 $539,869 $747,060 $1,867,663 $-207,191
2021 $1,122,990 $537,567 $1,539,980 $585,423
2020 $1,186,270 $889,006 $939,849 $297,264
2019 $865,296 $1,218,381 $674,782 $-353,085
2018 $429,767 $844,727 $1,000,215 $-414,960
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