PARKINSON'S ASSOCIATION OF WEST MI… - 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

1983

Legal Domicile

Principal Officer

KIM COUSINEAU

Phone

6169548077

Tax Period

2024-01-01 to 2024-12-31

PARKINSON'S ASSOCIATION OF WEST MICHIGAN, founded in 1983, is a small nonprofit in the Human Services sector that reported $179K in total revenue in fiscal year 2024. Revenue surged 246% from the prior year, signaling strong growth momentum. The organization ran a surplus of $157K, a strong 88% operating margin.

Mission

PROVIDE THE BEST INFORMATION ABOUT OPPORTUNITIES, TREATMENT, RESEARCH, AND CARE FOR PEOPLE WITH PARKINSON'S DISEASE, THEIR CAREGIVERS, AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $19,443

PROVIDE QUALITY HEALTH CARE AND SUPPORT SERVICES TO PARKINSON'S PATIENTS IN WEST MICHIGAN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $160,077

Program Service Revenue $0

Investment Income $11,172

Other Revenue $7,445

TOTAL REVENUE $178,694

Expense Breakdown

Grants Paid $16,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,443

Other Expenses $5,520

TOTAL EXPENSES $21,620

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,694	$51,640	+2.5%
Expenses	$21,620	$47,059	-0.5%
Net Income	$157,074	$4,581	+33.3%

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
KIM COUSINEAU	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOY GIANAKURA	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
DONALD MICHAUD	TREASURER	15.00	Officer Director	$0	$0	$0
SHAUN HINDLEY	SECRETARY	10.00	Officer Director	$0	$0	$0
GARY CONN	DIRECTOR	10.00	Director	$0	$0	$0
CARYL SORTWELL PHD	DIRECTOR	10.00	Director	$0	$0	$0
MARK ASMA	DIRECTOR	10.00	Director	$0	$0	$0
ROSS PETTINGA	DIRECTOR	10.00	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	$178,694	$21,620	$469,658	$157,074

PARKINSON'S ASSOCIATION OF WEST MICHIGAN