TRAVERSE CITY, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)UTOPIA FOUNDATION INC, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 7% surplus.
TO HELP CREATE A WORLD WHERE COMMUNITIES THRIVE AND EVERY PERSON GOES TO BED FEELING NOURISHED, LOVED, HAPPY AND HOPEFUL ABOUT TOMORROW.
PROVIDE ASSISTANCE FOR LIVELIHOOD/ECONOMIC DEVELOPMENT AND SOCIETY ACTIVITIES THROUGH BUSINESS DEVELOPMENT PROGRAMS ADDRESSING THE NEEDS OF LOW INCOME FAMILIES IN NORTHWEST MICHIGAN AND DEVELOPING...
PROVIDE ASSISTANCE FOR LIVELIHOOD/ECONOMIC DEVELOPMENT AND SOCIETY ACTIVITIES THROUGH BUSINESS DEVELOPMENT PROGRAMS ADDRESSING THE NEEDS OF LOW INCOME FAMILIES IN NORTHWEST MICHIGAN AND DEVELOPING NATIONS. THE FOUNDATION PROVIDED 24 GRANTS TO VARIOUS ORGANIZATIONS.
PROVIDE ASSISTANCE FOR LIVELIHOOD AND SOCIETY ACTIVITIES THROUGH HEALTH PROGRAMS TO DEVELOP HEALTHY AND ETHICAL WAYS OF LIFE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,626,500 | $1,268,736 | +0.3% |
| Expenses | $1,508,577 | $1,297,509 | +0.2% |
| Net Income | $117,923 | $-28,773 | -5.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SARA HARDING | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $26,000 |
| PAUL SUTHERLAND | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALISON ARNOLD | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LISA NEW | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KARLA CORDERO | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| NOMVULA BUTHELEZI | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| AKASHA SUTHERLAND | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,626,500 | $1,508,577 | $1,534,347 | $117,923 |
| 2023 | $1,268,736 | $1,297,509 | $1,533,374 | $-28,773 |
| 2022 | $1,492,459 | $1,636,359 | $1,595,893 | $-143,900 |
| 2021 | $1,362,822 | $1,558,592 | $1,006,889 | $-195,770 |
| 2020 | $1,071,851 | $1,513,931 | $1,272,208 | $-442,080 |
| 2019 | $1,703,297 | $1,592,600 | $1,960,854 | $110,697 |
| 2018 | $1,493,601 | $557,687 | $1,619,005 | $935,914 |
Compare UTOPIA FOUNDATION INC with other nonprofits in Michigan and across the country.