37
Southwest Michigan First Corporation
Community Development · Kalamazoo, Michigan
Po Box 50827, Kalamazoo, MI 49005-0827
EIN: 382853785· Founded: Jul 1989· 37 years active· Filing Year: 2023
Annual Revenue
$8.0M
Total Expenses
$7.5M
Total Assets
$13.6M
Program Spending
13%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$1.3M
16.9% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$1.0M
Total Payroll
$2.3M
31% of total expenses
Where the Money Goes
13%
Programs: 13%
Payroll: 31%
Other overhead: 87%
Program Revenue$994K (12%)
Total Expenses$7.5M (93%)
Payroll$2.3M (31%)
Overhead (non-program)87%
Trust Score Breakdown
Program Spending Ratio
13% of expenses go to programs
Revenue & Stability
$8.0M annual revenue
Executive Compensation
$1.3M total officer comp (16.9% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$13.6M in assets
Similar Community Development Nonprofits in Michigan
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.