Family Business Alliance

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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

2018

Legal Domicile

Principal Officer

Robin Burns

Phone

6167710350

Tax Period

2025-01-01 to 2025-12-31

Family Business Alliance, founded in 2018, is a small nonprofit in the Public & Societal Benefit sector that reported $484K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion.

Program Service Accomplishments

Program 1

This program consists of contributors from family owned businesses and service providers, which are used to provide programming, training, and education for family owned firms in West Michigan.

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $483,950

Investment Income $0

Other Revenue $0

TOTAL REVENUE $483,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,318

Fundraising Expenses $0

Other Expenses $176,678

TOTAL EXPENSES $480,996

Year-over-Year Comparison

	2025	2024	Change
Revenue	$483,950	$443,061	+0.1%
Expenses	$480,996	$419,118	+0.1%
Net Income	$2,954	$23,943	-0.9%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$191,074

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Randy Boss	Chair	1.00	Officer Director	$0	$0	$0
Michelle Timmerman	Vice Chair	1.00	Officer Director	$0	$0	$0
Todd Van Haren	Treasurer	1.00	Officer Director	$0	$0	$0
Dave Straw	Secretary	1.00	Officer Director	$0	$0	$0
Amanda VanFossen	Immediate past chair	1.00	Officer Director	$0	$0	$0
Aubrie Bassett	Director	1.00	Officer Director	$0	$0	$0
Steve Datema	Director	1.00	Director	$0	$0	$0
Ana Gonzalez	Director	1.00	Director	$0	$0	$0
Bill Muir	Director	1.00	Director	$0	$0	$0
Jenny Waugh	Director	1.00	Director	$0	$0	$0
Kate Wezeman	Director	1.00	Director	$0	$19,455	$191,074
Carrie Wilson	Director	1.00	Director	$0	$0	$0
Eric Wildey	Director	1.00	Director	$0	$0	$0
Mackie Woodruff	Director	1.00	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	$483,950	$480,996	$250,301	$2,954
2024	$443,061	$419,118	$209,861	$23,943
2023	$390,084	$391,962	$163,416	$-1,878
2022	$288,341	$266,647	$149,207	$21,694
2021	$253,144	$260,767	$106,527	$-7,623
2020	$202,745	$180,797	$113,462	$21,948
2019	$254,128	$257,302	$67,159	$-3,174