COMMUNITY FOUNDATION FOR OCEANA COUNTY

EIN: 831970895 501(c)(3) Community Improvement

PENTWATER, MI

Total Revenue
$4,239,911
Total Expenses
$4,409,861
Total Assets
$19,692,921
Net Assets
$19,094,236
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MI
Principal Officer
TAMMY CAREY
Phone
2318693377
Tax Period
2024-01-01 to 2024-12-31

COMMUNITY FOUNDATION FOR OCEANA COUNTY, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Net assets of $19.1M represent 54 months of operating reserves.

Mission

TO ENHANCE THE LIVES OF THE PEOPLE OF OCEANA COUNTY BY LEADING, PROMOTING AND CHANNELING PHILANTHROPY TO CONNECT RESOURCES WITH NEEDS.

Program Service Accomplishments

Program 1
Expenses: $4,156,272 Revenue: $6,506

TO ENHANCE OUR COMMUNITIES THROUGH THE ISSUANCE OF GRANTS AND SCHOLARSHIPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,431,935
Program Service Revenue $6,506
Investment Income $801,470
Other Revenue $0
TOTAL REVENUE $4,239,911

Expense Breakdown

Grants Paid $3,954,343
Salaries & Benefits $219,551
Fundraising Expenses $108,344
Program Expenses $4,156,272
Other Expenses $235,967
TOTAL EXPENSES $4,409,861

Year-over-Year Comparison

2024 2023 Change
Revenue $4,239,911 $3,139,460 +0.4%
Expenses $4,409,861 $2,834,383 +0.6%
Net Income $-169,950 $305,077 -1.6%
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

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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
14
Independent Members
14
Employees
8
Volunteers
350

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
4
$111,354
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE KLIMOVITZ CHAIR 5.00
Officer Director
$0 $0 $0
FRANK ARVAI TREASURER 5.00
Officer Director
$0 $0 $0
BETH SNIDER VICE CHAIR 5.00
Officer Director
$0 $0 $0
KRISTEN CALLEN MEMBER 2.00
Director
$0 $0 $0
KELLIE FOX MEMBER 2.00
Director
$0 $0 $0
RITA GRANT MEMBER 2.00
Director
$0 $0 $0
EMMA KIRWIN MEMBER 2.00
Director
$0 $0 $0
LOIS LYDENS MEMBER 2.00
Director
$0 $0 $0
DR SCOTT KARAPTIAN MEMBER 2.00
Director
$0 $0 $0
STEVE PAULUS MEMBER 2.00
Director
$0 $0 $0
LUCY ORDOOBADI MEMBER 2.00
Director
$0 $0 $0
EVA BERUMEN-REYNA MEMBER 2.00
Director
$0 $0 $0
JULIE STIVERS MEMBER 2.00
Director
$0 $0 $0
JON VANDERPLOEG MEMBER 2.00
Director
$0 $0 $0
TAMMY CAREY CEO 40.00
Officer
$108,470 $2,884 $111,354
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 $4,239,911 $4,409,861 $19,692,921 $-169,950
2023 $3,139,460 $2,834,383 $18,794,594 $305,077
2022 $3,019,734 $1,180,347 $16,693,236 $1,839,387
2021 $1,776,134 $1,118,339 $18,227,379 $657,795
2020 $14,945,350 $1,033,536 $15,993,157 $13,911,814
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