GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)UPCYCLE BIKES, founded in 2022, is a small nonprofit in the Human Services sector that reported $426K in total revenue in fiscal year 2025. The organization ran a surplus of $71K, a strong 17% operating margin.
UPCYCLE BIKES REFURBISHES AND DONATES ADULT BIKES TO PROVIDE AN AFFORDABLE AND ACCESSIBLE TRANSPORTATION RESOURCE FOR FINANCIALLY CONSTRAINED INDIVIDUALS. OUR BIKES ENHANCE OUR RIDERS' INDIVIDUAL INDEPENDENCE AND THEIR CONNECTIONS TO COMMUNITY RESOURCES.
CORE DISTRIBUTION PROGRAM- THROUGH THIS PROGRAM WE COLLECT, REFURBISH, AND DONATE BIKES TO INDIVIDUALS WHO NEED ACCESS TO AFFORDABLE TRANPSPORATION. WE ACCOMPLISH WITH THE HELP OF OUR DISTRIBUTION...
CORE DISTRIBUTION PROGRAM- THROUGH THIS PROGRAM WE COLLECT, REFURBISH, AND DONATE BIKES TO INDIVIDUALS WHO NEED ACCESS TO AFFORDABLE TRANPSPORATION. WE ACCOMPLISH WITH THE HELP OF OUR DISTRIBUTION PARTNERS. SAFETY AND SECURITY PROGRAM- WITH EVERY BIKE THAT WE DONATE, WE OFFER A BRANDED DRAWSTRING BACKPACK THAT INCLUDES:- HELMET- CABLE LOCK- LIGHT SET (WHEN AVAILABLE)- "WHAT EVERY BICYCLEST SHOULD KNOW" PAMPLET PROVIDED BY THE LEAGUE OF MICHIGAN BICYCLISTS
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $426,476 | $432,728 | 0.0% |
| Expenses | $355,094 | $278,966 | +0.3% |
| Net Income | $71,382 | $153,762 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MATT JAGLOWSKI | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAURA SALTSMAN | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEFANIE DITTMER | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRANDON TOMASH | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL BOHNSACK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE BUCCELLA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MUBASHIR HAIDARY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLIE QUIGG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK ARMBRUSTER | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$12,231 | $0 | $12,231 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $426,476 | $355,094 | $369,802 | $71,382 |
| 2024 | $432,728 | $278,966 | $200,527 | $153,762 |
Compare UPCYCLE BIKES with other nonprofits in Michigan and across the country.