THE KIRK H AND JOANN P GIBSON FAMI… - Form 990 Financial Data

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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

WALTER N HUMANN

Phone

3138232318

Tax Period

2023-01-01 to 2023-12-31

THE KIRK H AND JOANN P GIBSON FAMILY FOUNDATION FOR PARKINSON'S RESEARCH, founded in 2018, is a community nonprofit in the Diseases & Disorders sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $888K left a modest 13% surplus.

Mission

OUR MISSION IS TO IMPROVE THE QUALITY OF LIFE OF THOSE LIVING WITH PARKINSON'S THROUGH THE DEVELOPMENT AND DELIVERY OF ACTIVITY-BASED PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $323,210 Revenue: $2,206

IN 2023, THE KIRK GIBSON FOUNDATION FOR PARKINSON'S BENEFITTED OVER 300 PATIENTS AND THEIR FAMILIES BY FUNDING CLASSES IN YOGA, DANCE, BOXING, SPEECH AND OTHER MOVEMENT-BASED THERAPIES AT SEVERAL...

IN 2023, THE KIRK GIBSON FOUNDATION FOR PARKINSON'S BENEFITTED OVER 300 PATIENTS AND THEIR FAMILIES BY FUNDING CLASSES IN YOGA, DANCE, BOXING, SPEECH AND OTHER MOVEMENT-BASED THERAPIES AT SEVERAL LOCATIONS IN MICHIGAN. OUR FUNDING ALSO ASSISTED OUR NONPROFIT PARTNERS TO PROVIDE OVER 12,000 HOURS OF RESPITE CARE FOR 164 FAMILIES. IN ADDITION, OUR NATIONAL AWARENESS CAMPAIGN (CALLED "MOVEMENT MATTERS") REACHED MILLIONS OF AMERICANS THROUGH TV, RADIO, MAGAZINES, NEWSPAPERS, AND SOCIAL MEDIA. THE CAMPAIGN BUILT AWARENESS OF THE DISEASE AND HIGHLIGHTED THAT THOSE LIVING WITH PARKINSON'S CAN LIVE BETTER QUALITY LIVES THROUGH CONSISTENT MOVEMENT BASED ACTIVITIES.

Program 2

N/A

Program 3

N/A

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,095,863

Program Service Revenue $0

Investment Income $67,798

Other Revenue $-146,227

TOTAL REVENUE $1,017,434

Expense Breakdown

Grants Paid $203,700

Salaries & Benefits $457,104

Fundraising Expenses $302,675

Program Expenses $323,210

Other Expenses $227,561

TOTAL EXPENSES $888,365

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,017,434	$754,564	+0.3%
Expenses	$888,365	$400,185	+1.2%
Net Income	$129,069	$354,379	-0.6%

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

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

$290,195

Total Directors

$189,996

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRK H GIBSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOANN P GIBSON	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE ANNEAR	MANAGING DIRECTOR	40.00	Officer Director	$189,996	$0	$189,996
RICH LASCH	DIRECTOR	1.00	Director	$0	$0	$0
TOM ARCHIPLEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE NEWMAN	CHIEF OPERATING OFFICE	40.00	Officer	$100,199	$0	$100,199
THOMAS S VAUGHN	SECRETARY	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$1,017,434	$888,365	$3,687,734	$129,069
2022	$754,564	$400,185	$3,194,828	$354,379
2021	$641,033	$398,869	$2,937,091	$242,164
2020	$310,718	$346,067	$2,391,181	$-35,349
2019	$2,661,473	$419,106	$2,567,146	$2,242,367

THE KIRK H AND JOANN P GIBSON FAMILY FOUNDATION FOR PARKINSON'S RESEARCH