THIRD COAST ELDER INITIATIVE

EIN: 871711769 501(c)(3) Human Services

SPRING LAKE, MI

Total Revenue
$1,040,658
Total Expenses
$262,243
Total Assets
$595,554
Net Assets
$595,554
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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
2021
Legal Domicile
MI
Principal Officer
RYAN KEENAN
Phone
6163348114
Tax Period
2024-01-01 to 2024-12-31

THIRD COAST ELDER INITIATIVE, founded in 2021, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $778K, a strong 75% operating margin.

Mission

WE BENEFIT THE COMMUNITY THROUGH THE PROVISION OF PUBLIC FIDUCIARY SERVICES WITH AN EMPHASIS ON AGING WITH DIGNITY AND IMPROVING THE QUALITY OF LIFE OF THE DISABLED.

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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 $924,950
Program Service Revenue $80,326
Investment Income $35,382
Other Revenue $0
TOTAL REVENUE $1,040,658

Expense Breakdown

Grants Paid $0
Salaries & Benefits $221,188
Fundraising Expenses $0
Program Expenses $221,188
Other Expenses $41,055
TOTAL EXPENSES $262,243

Year-over-Year Comparison

2024 2023 Change
Revenue $1,040,658 N/A N/A
Expenses $262,243 N/A N/A
Net Income $778,415 N/A N/A
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
3
Independent Members
3
Employees
2
Volunteers
3

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
2
$205,000
Total Directors
3
$205,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RYAN KEENAN PRESIDENT 40.00
Officer Director
$126,000 $0 $126,000
MARCI FEUSTEL SECRETARY/TR 65.00
Officer Director
$79,000 $0 $79,000
DAN QUALLS MEMBER 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
2024 $1,040,658 $262,243 $595,554 $778,415
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