BAY VETERANS FOUNDATION

EIN: 474708019 501(c)(3) Philanthropy & Grantmaking

ESSEXVILLE, MI

Total Revenue
$393,185
Total Expenses
$241,876
Total Assets
$1,494,098
Net Assets
$1,493,400
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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
2015
Legal Domicile
MI
Principal Officer
KEITH MARKSTROM
Phone
9899481225
Tax Period
2024-01-01 to 2024-12-31

BAY VETERANS FOUNDATION, founded in 2015, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $393K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $151K, a strong 38% operating margin.

Mission

TO PROVIDE FINANCIAL SUPPORT AND IN-KIND ASSISTANCE TO UNITED STATES ARMED FORCES VETERANS AND MILITARY SERVICE ORGANIZATIONS

Program Service Accomplishments

Program 1
Expenses: $154,271

RAISE FUNDS FOR THE PURPOSE OF DEVELOPING AND MAINTAINING A VETERANS SPACE/LEARNING AND ACTIVITIES CENTER

Program 2
Expenses: $1,515

CONTINUED MAINTENANCE OF BATTERY PARK IN BAY CITY

Program 3
Expenses: $9,126

FUNDRAISING EVENTS FOR THE PURPOSE OF MAINTAINING GOLD STAR MONUMENT AND PROVIDING ASSISTANCE TO STRUGGLING VETERANS

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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 $392,999
Program Service Revenue $0
Investment Income $186
Other Revenue $0
TOTAL REVENUE $393,185

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $40,749
Program Expenses $164,912
Other Expenses $241,876
TOTAL EXPENSES $241,876

Year-over-Year Comparison

2024 2023 Change
Revenue $393,185 $282,350 +0.4%
Expenses $241,876 $147,637 +0.6%
Net Income $151,309 $134,713 +0.1%
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

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Governance

Voting Members
10
Independent Members
10
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
9
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA ALEX DIRECTOR N/A
Officer Director
$0 $0 $0
VAUGHN BEGICK DIRECTOR N/A
Director
$0 $0 $0
JOHN DEWYSE DIRECTOR N/A
Officer Director
$0 $0 $0
RANDALL HAYWARD DIRECTOR N/A
Officer Director
$0 $0 $0
BILL HERRERA DIRECTOR N/A
Officer Director
$0 $0 $0
FRANK HOESE VICE PRESIDE N/A
Officer Director
$0 $0 $0
MIKE JAMROG TREASURER N/A
Officer Director
$0 $0 $0
KEITH MARKSTROM PRESIDENT N/A
Officer Director
$0 $0 $0
JIM REHA DIRECTOR N/A
Officer Director
$0 $0 $0
MICHELE ZURVALEC SECRETARY N/A
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 No data No data No data No data
2024 $393,185 $241,876 $1,494,098 $151,309
2023 $282,350 $147,637 $1,343,020 $134,713
2022 $684,092 $115,151 $1,209,248 $568,941
2021 $307,114 $60,777 $638,598 $246,337
2020 $189,821 $58,099 $392,183 $131,722
2019 $135,949 $132,973 $260,845 $2,976
2018 $259,578 $62,876 $257,477 $196,702
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