ROOM AT THE INN

EIN: 800524559 501(c)(3) Housing & Shelter

MARQUETTE, MI

Total Revenue
$419,636
Total Expenses
$371,704
Total Assets
$653,308
Net Assets
$421,556
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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
2010
Legal Domicile
MI
Principal Officer
Chelsie Wilkinson
Phone
9062279171
Tax Period
2023-01-01 to 2023-12-31

ROOM AT THE INN, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $420K in total revenue in fiscal year 2023. Expenses of $372K left a modest 11% surplus.

Mission

Room at the Inn's mission is to offer comprehensive support including emergency shelter food and case management services to families and individuals experiencing homelessness or a housing crisis in the Upper Peninsula. Our facility located in Marquette MI provides free meals laundry and shower service phone mail service and most importantly a sense of community. Various community agency representatives are available on-site to meet with guests regarding employment housing health care or any other matter that helps with regaining independence and housing stabilty.

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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 (2023)

Revenue Breakdown

Contributions & Grants $416,781
Program Service Revenue $0
Investment Income $2,855
Other Revenue $0
TOTAL REVENUE $419,636

Expense Breakdown

Grants Paid $0
Salaries & Benefits $258,912
Fundraising Expenses $0
Program Expenses $362,083
Other Expenses $112,792
TOTAL EXPENSES $371,704

Year-over-Year Comparison

2023 2022 Change
Revenue $419,636 $390,842 +0.1%
Expenses $371,704 $387,082 0.0%
Net Income $47,932 $3,760 +11.7%
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
7
Independent Members
7
Employees
18
Volunteers
152

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
$28,593
Total Directors
8
$66,093
Key Employees
1
$37,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Corinne Bodeman Board Chair 3.00
Officer Director
$0 $0 $0
Lauren Calef Vice Chair 3.00
Officer Director
$0 $0 $0
Stephen Krygier Secretary Former Interim Executive Director 2.00
Officer Director
$28,593 $0 $28,593
Don Ludemann Treasurer 2.00
Officer Director
$0 $0 $0
Vikash Kumar Director 1.00
Director
$0 $0 $0
Patrick Crowley Director 1.00
Director
$0 $0 $0
William Sullivan Director 1.00
Director
$0 $0 $0
Chelsie Wilkinson Executive Director 40.00
Director Key Emp
$37,500 $0 $37,500
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 No data No data No data No data
2023 $419,636 $371,704 $653,308 $47,932
2022 $390,842 $387,082 $626,145 $3,760
2020 $452,646 $429,759 $716,554 $22,887
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