Local First West Michigan Inc Elizabeth S Hillary
EIN: 372042023 · Grand Rapids, MI · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $594K |
| Total Expenses | $592K |
| Net Assets | $-60,054 |
Is Local First West Michigan Inc Elizabeth S Hillary Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Local First West Michigan Inc Elizabeth S Hillary
Local First West Michigan Inc Elizabeth S Hillary (EIN: 372042023) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code S41. The organization reported total revenue of $594K and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local First West Michigan Inc Elizabeth S Hillary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local First West Michigan Inc Elizabeth S Hillary is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $646K |
| Total Expenses | $592K |
| Surplus / Deficit | +$54K |
| Total Assets | $24K |
| Total Liabilities | $84K |
| Net Assets | $-60,054 |
| Operating Margin | 8.3% |
| Debt-to-Asset Ratio | 350.4% |
| Months of Reserves | 0.5 months |
Financial Health Grade: B
In 2023, Local First West Michigan Inc Elizabeth S Hillary reported a surplus of $54K with revenue exceeding expenses, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 350.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Local First West Michigan Inc Elizabeth S Hillary's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +68.0% | +11.6% | -54.8% |
| 2022 | -23.9% | +31.7% | -68.4% |
| 2021 | +20.6% | +13.0% | +27.4% |
| 2020 | +11.2% | -14.3% | +70.3% |
| 2019 | +23.0% | -8.8% | +76.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Local First West Michigan Inc Elizabeth S Hillary has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Local First West Michigan Inc Elizabeth S Hillary with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $54K, with revenue exceeding expenses.
- Debt-to-asset ratio: 350.4%.
Frequently Asked Questions about Local First West Michigan Inc Elizabeth S Hillary
Is Local First West Michigan Inc Elizabeth S Hillary a legitimate charity?
Local First West Michigan Inc Elizabeth S Hillary (EIN: 372042023) is a registered tax-exempt nonprofit based in Michigan. It has 14 years of IRS 990 filings on record. Total revenue: $594K. No red flags identified. Financial health grade: B.
How does Local First West Michigan Inc Elizabeth S Hillary spend its money?
Local First West Michigan Inc Elizabeth S Hillary reported $594K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Local First West Michigan Inc Elizabeth S Hillary tax-deductible?
Local First West Michigan Inc Elizabeth S Hillary is registered as a tax-exempt nonprofit (EIN: 372042023). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local First West Michigan Inc Elizabeth S Hillary located?
Local First West Michigan Inc Elizabeth S Hillary is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 372042023. It is classified under NTEE code S41.
How many years of IRS 990 filings does Local First West Michigan Inc Elizabeth S Hillary have?
Local First West Michigan Inc Elizabeth S Hillary has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $594K in total revenue.
Filing History
IRS 990 filing history for Local First West Michigan Inc Elizabeth S Hillary showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Local First West Michigan Inc Elizabeth S Hillary's revenue has grown by 140.1%, moving from $269K to $646K. Total assets decreased by 79.4% over the same period, from $117K to $24K. Total functional expenses rose by 145.9%, from $241K to $592K. In its most recent filing year (2023), Local First West Michigan Inc Elizabeth S Hillary reported a surplus of $54K, with revenue exceeding expenses. The organization holds $84K in liabilities against $24K in assets (debt-to-asset ratio: 350.4%), resulting in net assets of $-60,054.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $646K | $592K | $24K | $84K | — | View 990 |
| 2022 | $385K | $531K | $53K | $167K | — | View 990 |
| 2021 | $505K | $403K | $168K | $136K | — | View 990 |
| 2020 | $419K | $357K | $132K | $202K | — | — |
| 2019 | $377K | $416K | $77K | $210K | — | View 990 |
| 2018 | $306K | $456K | $44K | $137K | — | View 990 |
| 2017 | $394K | $560K | $66K | $9K | — | View 990 |
| 2016 | $421K | $597K | $223K | $0 | — | View 990 |
| 2015 | $397K | $451K | $399K | $0 | — | View 990 |
| 2014 | $585K | $487K | $453K | $0 | — | View 990 |
| 2013 | $505K | $469K | $355K | $0 | — | View 990 |
| 2012 | $378K | $252K | $323K | $4K | — | View 990 |
| 2011 | $212K | $125K | $198K | $5K | — | View 990 |
| 2011 | $269K | $241K | $117K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $646K, expenses of $592K, and assets of $24K (revenue +68.0% year-over-year).
- 2022: Revenue of $385K, expenses of $531K, and assets of $53K (revenue -23.9% year-over-year).
- 2021: Revenue of $505K, expenses of $403K, and assets of $168K (revenue +20.6% year-over-year).
- 2020: Revenue of $419K, expenses of $357K, and assets of $132K (revenue +11.2% year-over-year).
- 2019: Revenue of $377K, expenses of $416K, and assets of $77K (revenue +23.0% year-over-year).
- 2018: Revenue of $306K, expenses of $456K, and assets of $44K (revenue -22.2% year-over-year).
- 2017: Revenue of $394K, expenses of $560K, and assets of $66K (revenue -6.5% year-over-year).
- 2016: Revenue of $421K, expenses of $597K, and assets of $223K (revenue +6.0% year-over-year).
- 2015: Revenue of $397K, expenses of $451K, and assets of $399K (revenue -32.1% year-over-year).
- 2014: Revenue of $585K, expenses of $487K, and assets of $453K (revenue +15.7% year-over-year).
- 2013: Revenue of $505K, expenses of $469K, and assets of $355K (revenue +33.7% year-over-year).
- 2012: Revenue of $378K, expenses of $252K, and assets of $323K (revenue +78.0% year-over-year).
- 2011: Revenue of $212K, expenses of $125K, and assets of $198K (revenue -21.1% year-over-year).
- 2011: Revenue of $269K, expenses of $241K, and assets of $117K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local First West Michigan Inc Elizabeth S Hillary:
Data Sources and Methodology
This transparency report for Local First West Michigan Inc Elizabeth S Hillary is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.