Civic Intelligence

Keweenaw Health Foundation

990 • Fiscal year 2018 • EIN 35-2340440

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 10, 2018

205 Osceola StLaurium, MI 49913

(906) 337-6500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

94th percentile

64%

Higher net margin than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

39th percentile

$22,392

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

63rd percentile

5.2%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2018

Revenue Growth

95th percentile

125%

Faster revenue growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2018

Assets

Up

$3,053,140

Up $292,720 (+11%) from 2016

Net Assets

Up

$3,053,140

Up $297,592 (+11%) from 2016

Liabilities

Down

$0

Down $4,872 (-100%) from 2016

Revenue

Up

$230,916

Up $185,486 (+408%) from 2016

Expenses

Up

$83,789

Up $6,225 (+8.0%) from 2016

Net Income

Up

$147,127

Up $179,261 (+558%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $11,818,249Liabilities 2011: $62,315Net Assets 2011: $11,755,9342011Assets 2012: $10,153,340Liabilities 2012: $18,326Net Assets 2012: $10,135,0142012Assets 2013: $11,111,471Liabilities 2013: $4,573Net Assets 2013: $11,106,8982013Assets 2014: $11,550,164Liabilities 2014: $9,818Net Assets 2014: $11,540,3462014Assets 2015: $12,595,577Liabilities 2015: $4,290Net Assets 2015: $12,591,2872015Assets 2016: $2,760,420Liabilities 2016: $4,872Net Assets 2016: $2,755,5482016Assets 2018: $3,053,140Liabilities 2018: $0Net Assets 2018: $3,053,1402018Assets 2019: $3,165,363Liabilities 2019: $0Net Assets 2019: $3,165,3632019Assets 2020: $3,139,461Liabilities 2020: $0Net Assets 2020: $3,139,4612020Assets 2021: $3,366,213Liabilities 2021: $0Net Assets 2021: $3,366,2132021Assets 2022: $3,018,842Liabilities 2022: $0Net Assets 2022: $3,018,8422022Assets 2023: $3,164,988Liabilities 2023: $0Net Assets 2023: $3,164,9882023Assets 2024: $3,400,867Liabilities 2024: $0Net Assets 2024: $3,400,8672024

Highlighted filing

2018

Assets$3,053,140
Liabilities$0
Net Assets$3,053,140

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $62,3552011Expenses 2012: $61,3802012Expenses 2013: $57,1792013Revenue 2014: $47,265Expenses 2014: $39,363Net Income 2014: $7,9022014Revenue 2015: $25,678Expenses 2015: $68,170Net Income 2015: -$42,4922015Revenue 2016: $45,430Expenses 2016: $77,564Net Income 2016: -$32,1342016Revenue 2018: $230,916Expenses 2018: $83,789Net Income 2018: $147,1272018Revenue 2019: $199,169Expenses 2019: $86,946Net Income 2019: $112,2232019Revenue 2020: $61,976Expenses 2020: $87,878Net Income 2020: -$25,9022020Revenue 2021: $151,657Expenses 2021: $76,834Net Income 2021: $74,8232021Revenue 2022: $111,663Expenses 2022: $49,155Net Income 2022: $62,5082022Revenue 2023: $205,892Expenses 2023: $50,779Net Income 2023: $155,1132023Revenue 2024: $122,425Expenses 2024: $88,013Net Income 2024: $34,4122024

Highlighted filing

2018

Revenue$230,916
Expenses$83,789
Net Income$147,127
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 10, 2018
Return Version
2017v2.2
Gross Receipts
$244,038
Mission and Program Overview

Mission

Our mission is to develop resources which will improve the health and well being of the people in our communities. Our vision is to create a healthier quality of life for the people of the keweenaw.

Our mission is to develop resources which will improve the health and well-being of the people in our communities. Our vision is to create a healthier quality of life for the people of the keweenaw.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,493,489$2,619,250▲ $125,761
Land, Buildings, and Equipment, Net$406,877$402,865▼ $4,012
Cash and Non-Interest-Bearing Accounts$9,077$31,025▲ $21,948
Total Assets$2,909,443$3,053,140▲ $143,697
Liabilities
Other Liabilities$3,430--
Total Liabilities$3,430$0▼ $3,430
Net Assets / Fund Balance
Unrestricted Net Assets$2,893,219$3,028,150▲ $134,931
Temporarily Rstr Net Assets$12,794$24,990▲ $12,196
Total Net Assets Fund Balance$2,906,013$3,053,140▲ $147,127
Total Liabilities and Net Assets / Fund Balance$2,909,443$3,053,140▲ $143,697

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$223,319-$223,319
Land$143,097-$143,097
Buildings$36,449$23,741$60,190
Other Securities$2,619,250--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Edward JenichChairman/executive DirectoPT$22,392$22,392

Board Members and Trustees

NameTitle
Joel TuoriniemiPresident
Dale TahtinenBoard Member
Daniel DalquistBoard Member
Darryl PierceBoard Member
Jerry Luoma MdBoard Member
Mike HauswirthBoard Member
Charles NelsonOfficer
David Gilbert MdSecretary
Shane JacquesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$24,081
Program Service Revenue
$0
Investment Income
$201,565
Other Revenue
$5,270
All Other Contributions
$24,081
Change in Net Assets
$147,127
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,772
Salaries, Compensation, and Employee Benefits$22,392
Grants and Similar Amounts Paid$19,625
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$22,392$0$0$22,392
Grants to Domestic Orgs$19,625--$19,625
Fees for Services Legal$15,648$0$0$15,648
Fees for Service Investment Mgmnt Fees$10,800$0$0$10,800
Fees for Services Other$4,517$0$0$4,517
Depreciation Depletion$4,013$0$0$4,013
Fees for Services Management$3,625$0$0$3,625
Advertising$1,444$0$0$1,444
Travel$357$0$0$357
Other Expenses$120$0$0$120
Office Expenses$18$0$0$18
Total Functional Expenses$83,789$0$0$83,789
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
UpsetMarquette, MI-See Supplemental Information$15,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$18,392
Fundraising Direct Expenses$13,122
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Copperman$18,392$18,392$11,366$7,026
Total Events$18,392$18,392$13,122$5,270
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Aspirus Keweenaw Hospital-
Due to Aspirus Wausau Hospital-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Keweenaw Health Foundation
EIN
35-2340440
Phone
9063376500
Address
205 OSCEOLA ST, LAURIUM, MI 49913

Signing Officer

Name
Edward Jenich
Title
Chairman
Phone
9063376500
Signed
2018-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Jenich
Formed
2008
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
8

Preparer

Firm
Paul R Sturos CPA
Address
56901 S SIXTH ST STE 8, CALUMET, MI 49913
Preparer
Paul R Sturos CPA
Phone
9063374727
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

An electronic copy of the form 990 will be provided to board members for their review prior to filing.

Pt VI, Line 12C

The conflict of interest policy covers all interested persons. An interested person includes trustees, officers, members of committees with board delegated powers, those with a direct or indirect financial interest, and employees with a leadership role. Everyone must disclose any actual or possible conflicts of interest. Each person is required to sign a disclosure statement and the foundation will conduct periodic reviews of conflicts of interest. If a conflict of interest is found, the remaining board members will determine the extent of the conflict of interest. The member with a conflict of interest will abstain from voting on the issue.

Pt VI, Line 19

The organization has deemed that its governing documents, policies and financial statements are the property of the organization and are not available for public inspection.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt029888
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt051504
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0149614
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0129657
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0233726
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt046
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IRS990ScheduleA/InvestmentIncomeCYPct00
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IRS990ScheduleA/PublicSupportCY509Pct00
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IRS990ScheduleA/PublicSupportTotal509Amt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt021355
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt029888
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt051504
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0149614
IRS990ScheduleA/TotalSupportAmt0533189
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt036449
IRS990ScheduleD/BuildingsGrp/DepreciationAmt023741
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt060190
IRS990ScheduleD/LandGrp/BookValueAmt0143097
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0143097
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0223319
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0223319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO ASPIRUS KEWEENAW HOSPITAL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO ASPIRUS WAUSAU HOSPITAL
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02619250
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PORTFOLIO INVESTMENT ACCOUNT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0402865
IRS990ScheduleD/TotalBookValueSecuritiesAmt02619250
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013122
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0COPPERMAN
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018392
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt018392
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt018392
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt018392
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt05270
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt011366
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011366
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt01756
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt01756
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SEE SUPPLEMENTAL INFORMATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UPSET
IRS990ScheduleI/RecipientTable/RecipientEIN0383610297
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 86
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MARQUETTE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049855
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0HELP OFFSET DRUG REINFORCEMENT, DRUG ABUSE AND ALCOHOL ABUSE EXPENSES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN ELECTRONIC COPY OF THE FORM 990 WILL BE PROVIDED TO BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY COVERS ALL INTERESTED PERSONS. AN INTERESTED PERSON INCLUDES TRUSTEES, OFFICERS, MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS, THOSE WITH A DIRECT OR INDIRECT FINANCIAL INTEREST, AND EMPLOYEES WITH A LEADERSHIP ROLE. EVERYONE MUST DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST. EACH PERSON IS REQUIRED TO SIGN A DISCLOSURE STATEMENT AND THE FOUNDATION WILL CONDUCT PERIODIC REVIEWS OF CONFLICTS OF INTEREST. IF A CONFLICT OF INTEREST IS FOUND, THE REMAINING BOARD MEMBERS WILL DETERMINE THE EXTENT OF THE CONFLICT OF INTEREST. THE MEMBER WITH A CONFLICT OF INTEREST WILL ABSTAIN FROM VOTING ON THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS DEEMED THAT ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE THE PROPERTY OF THE ORGANIZATION AND ARE NOT AVAILABLE FOR PUBLIC INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt012794
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt024990
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt02909443
IRS990/TotalAssetsGrp/EOYAmt03053140
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IRS990/TotalContributionsAmt024081
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt083789
IRS990/TotalFunctionalExpensesGrp/TotalAmt083789
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03430
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt03430
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03053140
IRS990/TotalProgramServiceExpensesAmt083789
IRS990/TotalReportableCompFromOrgAmt022392
IRS990/TotalRevenueGrp/ExclusionAmt0206835
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0230916
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02909443
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03053140
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt0357
IRS990/TravelGrp/TotalAmt0357
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02893219
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03028150
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0205 OSCEOLA
IRS990/USAddress/CityNm0LAURIUM
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049913
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.KEWEENAWHEALTHFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD JENICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09063376500
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KEWEENAW HEALTH FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0KEWE
ReturnHeader/Filer/EIN0352340440
ReturnHeader/Filer/PhoneNum09063376500
ReturnHeader/Filer/USAddress/AddressLine1Txt0205 OSCEOLA ST
ReturnHeader/Filer/USAddress/CityNm0LAURIUM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049913
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C82FBC4282F9539D54D4B7A3042DD8239DDDFD3F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F91846E0FA82B21DF60E9C4AE10C696CBD4FD9ED

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.40$0.00$3.40$0.12$0.09$0.03
2023Detailed filing. Detailed filing data is available for this year.$3.16$0.00$3.16$0.21$0.05$0.16
2022Detailed filing. Detailed filing data is available for this year.$3.02$0.00$3.02$0.11$0.05$0.06
2021Detailed filing. Detailed filing data is available for this year.$3.37$0.00$3.37$0.15$0.08$0.07
2020Detailed filing. Detailed filing data is available for this year.$3.14$0.00$3.14$0.06$0.09$0.03
2019Detailed filing. Detailed filing data is available for this year.$3.17$0.00$3.17$0.20$0.09$0.11
2018Detailed filing. Detailed filing data is available for this year.$3.05$0.00$3.05$0.23$0.08$0.15
2016Detailed filing. Detailed filing data is available for this year.$2.76$0.00$2.76$0.05$0.08$0.03
2015Detailed filing. Detailed filing data is available for this year.$12.6$0.00$12.6$0.03$0.07$0.04
2014Detailed filing. Detailed filing data is available for this year.$11.6$0.01$11.5$0.05$0.04$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$0.00$11.1$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$0.02$10.1$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$0.06$11.8$0.06