GRAND HAVEN, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FOLDS OF HONOR MICHIGAN INC, founded in 2016, is a small nonprofit in the Education sector that reported $408K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring.
TO FUND EDUCATIONAL SCHOLARSHIPS FOR THE DEPENDENTS OF FALLEN AND DISABLED ACTIVE DUTY MILITARY SERVICE MEMBERS.
FOLDS OF HONOR, MICHIGAN CHAPTER, PROVIDES THE NATIONAL ORGANIZATION WITH GRANT FUNDS THAT PROVIDE RECIPIENTS WITH HIGHER EDUCATION SCHOLARSHIPS AND CHILDREN'S FUND SCHOLARSHIPS FOR SPOUSES AND...
FOLDS OF HONOR, MICHIGAN CHAPTER, PROVIDES THE NATIONAL ORGANIZATION WITH GRANT FUNDS THAT PROVIDE RECIPIENTS WITH HIGHER EDUCATION SCHOLARSHIPS AND CHILDREN'S FUND SCHOLARSHIPS FOR SPOUSES AND DEPENDENTS OF SERVICE MEMBERS WHO WERE KILLED IN ACTION, KILLED IN THE LINE OF DUTY, OR SUFFERED THE LOSS OF A LIMB; DIED OF ANY CAUSE WHILE ON ACTIVE DUTY OR AFTER BEING CLASSIFIED AS HAVING A SERVICE-CONNECTED DISABILITY. SCHOLARSHIPS ARE USED TO SUBSIDIZE THE COST OF TUITION, SCHOOL BOOKS, FEES FOR CAMPUS ROOM AND BOARD, APPROVED EDUCATIONAL TUTORING, AND OTHER APPROVED EDUCATIONAL EXPENSES. THE MICHIGAN CHAPTER WAS AWARDED 70 SCHOLARSHIPS WITH A TOTAL AWARD AMOUNT OF 323,000.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $407,540 | $671,859 | -0.4% |
| Expenses | $421,816 | $571,370 | -0.3% |
| Net Income | $-14,276 | $100,489 | -1.1% |
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 |
|---|---|---|---|---|---|---|
| MARK ARMINIO | MICHIGAN REP | 0.25 |
Director
|
$0 | $0 | $0 |
| DOUG BELL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ANN DAVIS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARK KELLEY | BOARD EXEC T | 0.25 |
Director
|
$0 | $0 | $0 |
| MADONNA KRAMER | SECETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| GARY MCINERNEY | BOARD MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| JOHN SOMERS | BOARD PRESID | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRIS STRENG | BOARD TREASU | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| SKIP STRZELECKI | BOARD MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| SCOTT WAGASKY | BOARD MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $407,540 | $421,816 | $126,212 | $-14,276 |
| 2022 | $671,859 | $571,370 | $140,488 | $100,489 |
| 2021 | $246,885 | $220,320 | $39,999 | $26,565 |
Compare FOLDS OF HONOR MICHIGAN INC with other nonprofits in Michigan and across the country.