PHuman ServicesEIN: 382058542· Ruling Year: 1976

Area Agency On Aging Of Western Michigan Inc

Grand Rapids, Michigan

BHealth Score
56B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

How This Organization Compares

Compared to 15 peers in Human Services with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.19×
Peer Median7.39×
💰
$61.0M
Total Revenue
📊
$64.0M
Total Expenses
🏦
$12.4M
Net Assets
📋
$6.7M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+6.9%
Year-over-year change (2022 → 2023)
Net Margin
-4.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.19
Net assets divided by total expenses
Liabilities-to-Assets
35.0%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$61,020,8467%$64,016,48312%$19,037,6699%
2022$57,077,0592%$57,302,8967%$21,031,2411%
2021$55,691,21711%$53,572,3465%$20,743,900
2020$49,974,6949%$51,026,86310%$20,780,13811%
2019$46,031,2043%$46,391,7618%$18,698,8201%
2018$44,692,1986%$43,143,6053%$18,879,19914%
2017$42,337,6842%$41,888,5153%$16,607,5892%
2016$41,529,9954%$40,580,78110%$16,908,3863%
2015$40,100,48819%$37,000,98018%$16,340,4984%
2014$33,788,54718%$31,382,10210%$15,682,39816%
2013$28,562,8005%$28,613,7476%$13,464,41620%
2012$27,248,4713%$26,888,5215%$11,266,24412%
2011$26,430,455$25,589,285$10,048,746

Frequently Asked Questions

What does Area Agency On Aging Of Western Michigan Inc do?

Area Agency On Aging Of Western Michigan Inc is a human services nonprofit organization based in Michigan. It is classified under NTEE code P81Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Area Agency On Aging Of Western Michigan Inc financially healthy?

Based on our 9-metric Financial Health Score model, Area Agency On Aging Of Western Michigan Inc has a score of 56/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Area Agency On Aging Of Western Michigan Inc generate?

Area Agency On Aging Of Western Michigan Inc reports $67.3M in annual revenue and holds $17.5M in total assets, based on IRS filings.

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Area Agency On Aging Of Western Michigan Inc — Grand Rapids, MI | GiveScope