LJ MIDGE VERPLANK COMMUNITY IMPACT… - 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

2020

Legal Domicile

Principal Officer

BARBARA VANHEEST

Phone

6168426378

Tax Period

2023-01-01 to 2023-12-31

LJ MIDGE VERPLANK COMMUNITY IMPACT FUND, founded in 2020, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 1514329% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 76% operating margin.

Mission

THE CORPORATION IS ORGANIZED TO SUPPORT THE GRAND HAVEN AREA COMMUNITY FOUNDATION AND WILL SUPPORT THE GREATEST NEEDS OF THE WEST MICHIGAN REGION INCLUDING SUPPORT TO POSITIVELY IMPACT OTTAWA COUNTY AND MUSKEGON COUNTY.

Program Service Accomplishments

Program 1

Expenses: $1,210,000 Revenue: $0

RECEIVE AND ADMINISTER FUNDS IN SUPPORT OF ACTIVITIES RELATED IN PURPOSE OR FUNCTION TO THE GRAND HAVEN AREA COMMUNITY FOUNDATION, INC. WITH SPECIFIC FOCUS ON COMMUNITY NEEDS IN OTTAWA AND MUSKEGON...

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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 $5,050,000

Program Service Revenue $0

Investment Income $8,193

Other Revenue $0

TOTAL REVENUE $5,058,193

Expense Breakdown

Grants Paid $1,210,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,210,000

Other Expenses $4,145

TOTAL EXPENSES $1,214,145

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,058,193	$334	+15143.3%
Expenses	$1,214,145	$141	+8610.0%
Net Income	$3,844,048	$193	+19916.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA VANHEEST	CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS CRESWELL	TREASURER	1.00	Officer Director	$0	$0	$0
ROB PEEL	SECRETARY	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$5,058,193	$1,214,145	$3,935,300	$3,844,048
2022	$334	$141	$8,437	$193
2021	$30,447	$20,150	$10,359	$10,297

LJ MIDGE VERPLANK COMMUNITY IMPACT FUND