LITTLE BROTHERS FRIENDS OF THE ELDERLY UPPER MICHIGAN FOUNDATION (EIN 472458036) - 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

2016

Legal Domicile

Principal Officer

CHERYL O'BRIEN

Phone

9062823406

Tax Period

2023-10-01 to 2024-09-30

LITTLE BROTHERS FRIENDS OF THE ELDERLY UPPER MICHIGAN FOUNDATION, founded in 2016, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 188% from the prior year, signaling strong growth momentum. The organization ran a surplus of $746K, a strong 59% operating margin.

Mission

TO PROVIDE LITTLE BROTHERS - FRIENDS OF THE ELDERLY UPPER MICHIGAN CHAPTER WITH FINANCIAL SUPPORT TO PROVIDE PROGRAMS AND SERVICES

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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 $1,094,233

Program Service Revenue $0

Investment Income $180,307

Other Revenue $0

TOTAL REVENUE $1,274,540

Expense Breakdown

Grants Paid $395,764

Salaries & Benefits $72,081

Fundraising Expenses $64,632

Program Expenses $395,764

Other Expenses $60,925

TOTAL EXPENSES $528,770

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,274,540	$441,927	+1.9%
Expenses	$528,770	$267,352	+1.0%
Net Income	$745,770	$174,575	+3.3%

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

$50,467

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY KASS-ATEN	DIRECTOR	40.00	Director	$36,050	$14,417	$50,467
STEVE SCHMUNK	BOARD PRESID	2.00	Officer Director	$0	$0	$0
CHERYL O'BRIEN	TREASURER	2.00	Officer Director	$0	$0	$0
KYLA COLE	BOARD SECRET	0.50	Officer Director	$0	$0	$0
SYD FAASSEN	BOARD MEMBER	0.50	Director	$0	$0	$0
TRISIA NARHI	BOARD MEMBER	0.50	Director	$0	$0	$0
TED SIMONSEN	BOARD MEMBER	0.50		$0	$0	$0
JEFF VEUM	BOARD MEMBER	0.50		$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
2024	$1,274,540	$528,770	$2,520,021	$745,770
2023	$441,927	$267,352	$1,442,405	$174,575
2022	$240,252	$233,044	$1,102,467	$7,208
2021	$275,668	$110,233	$1,312,218	$165,435
2020	$164,275	$121,011	$1,098,294	$43,264
2019	$216,936	$128,841	$1,082,179	$88,095
2018	$337,346	$174,361	$1,001,990	$162,985

LITTLE BROTHERS FRIENDS OF THE ELDERLY UPPER MICHIGAN FOUNDATION