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

EIN: 824716374 501(c)(3) Diseases & Disorders

BIRMINGHAM, MI

Total Revenue
$1,017,434
Total Expenses
$888,365
Total Assets
$3,687,734
Net Assets
$3,421,700
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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
MI
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.

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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 $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

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Governance

Voting Members
5
Independent Members
2
Employees
5
Volunteers
50

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
5
$290,195
Total Directors
5
$189,996
Key Employees
0
$0
Highest Compensated
0
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
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