LITTLE BROTHERS FRIENDS OF THE ELD… - Form 990 Financial Data

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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

JEFF VEUM

Phone

9062823406

Tax Period

2024-10-01 to 2025-09-30

LITTLE BROTHERS FRIENDS OF THE ELDERLY UPPER MICHIGAN FOUNDATION, founded in 2016, is a small nonprofit in the Human Services sector that reported $960K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $465K, a strong 48% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $372,689

PROVIDE SUSTAINABLE FINANCIAL SUPPORT TO LITTLE BROTHERS - FRIENDS OF THE ELDERLY

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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 $827,145

Program Service Revenue $0

Investment Income $132,620

Other Revenue $0

TOTAL REVENUE $959,765

Expense Breakdown

Grants Paid $372,689

Salaries & Benefits $68,345

Fundraising Expenses $67,152

Program Expenses $372,689

Other Expenses $53,918

TOTAL EXPENSES $494,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$959,765	$1,274,540	-0.2%
Expenses	$494,952	$528,770	-0.1%
Net Income	$464,813	$745,770	-0.4%

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

$54,425

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY KASS-ATEN	DIRECTOR	40.00	Director	$38,875	$15,550	$54,425
STEVE SCHMUNK	BOARD PRESID	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
JEFF VEUM	TREASURER	1.00	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	$959,765	$494,952	$3,125,283	$464,813
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