OKEMOS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MICHIGAN CONSTRUCTION WORKFORCE DEVELOPMENT CORPORATION, founded in 2016, is a micro nonprofit that reported $44K in total revenue in fiscal year 2025. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $24K, a strong 56% operating margin.
THE CORPORATION IS FORMED AS AN EDUCATIONAL SERVICE TO ASSIST IN BUILDING A QUALIFIED WORKFORCE FOR THE MICHIGAN CONSTRUCTION INDUSTRY, USING THE INTERNET, BROADCAST AND DIGITAL MEDIA, AND OTHER RESOURCES TO LINK CONSTRUCTION INDUSTRY CONTRACTORS, EDUCATIONAL AND TRAINING INSTITUTIONS, AND WORKERS ORGANIZATIONS WITH PROSPECTIVE EMPLOYEES. THE CORPORATION SEEKS TO PROMOTE A POSITIVE IMAGE FOR MICHIGAN'S CONSTRUCTION INDUSTRY TO ATTRACT, RECRUIT, EDUCATE, TRAIN AND SUPPORT NEW WORKERS.
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)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $43,582 | $65,825 | -0.3% |
| Expenses | $19,257 | $43,612 | -0.6% |
| Net Income | $24,325 | $22,213 | +0.1% |
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 |
|---|---|---|---|---|---|---|
| JEFF ARDELEAN | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN COTTER | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DOREEN LANNI | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ADRIENNE HEIDEMA | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TOM MCCURRY | PAST PRESIDENT | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID DIEDRICK | E.C. MEMBER AT LARGE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVEN WAALKES | EXECUTIVE DIRECTOR/CEO | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $43,582 | $19,257 | No data | $24,325 |
| 2024 | $65,825 | $43,612 | $55,801 | $22,213 |
| 2023 | $81,125 | $66,794 | $42,379 | $14,331 |
| 2022 | $66,900 | $56,929 | $46,954 | $9,971 |
| 2021 | $53,100 | $30,809 | $45,909 | $22,291 |
| 2020 | $57,350 | $62,842 | $49,027 | $-5,492 |
| 2019 | $138,000 | $127,053 | $54,147 | $10,947 |
| 2018 | $337,715 | $338,123 | $103,155 | $-408 |
Compare MICHIGAN CONSTRUCTION WORKFORCE DEVELOPMENT CORPORATION with other nonprofits in Michigan and across the country.