Charity Search / NORTHWEST MICHIGAN WORKS INC
Employment (J20Z) 990 on File

NORTHWEST MICHIGAN WORKS INC

EIN: 38-2159771 · TRAVERSE CITY, MI 49686-2892 · United States · FY 2024 Data
3 out of 5 52 / 100 Based on 2+ years of filings
Financial strength (30%) 65/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$5.9M
Total Revenue
$5.8M
Total Expenses
$1.2M
Net Assets
108
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 99.9%
Fundraising Efficiency N/A
Operating Reserve 2.56x
Liability-to-Asset 40.9%
Revenue Diversification 98.8%
Compared with Peers
FY 2024
Compared with 810 similar organizations (United States, Employment, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
99.9% 84.6%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
0.1% 13.5%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
2.6 mo 10.5 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
40.9% 14.9%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
98.8% 92.9%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
11.9% 8.7%
P10P90
Expense growth
Year over year expense growth
11.3% 8.1%
P10P90
Surplus margin
Surplus as a share of revenue
0.4% 3.6%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $5.9M $5.8M $1.2M 99.9% 108
2023 $5.2M $5.3M $1.2M 99.2% 104
2022 $4.8M $5.0M $1.2M 99.5% 121
2021 $4.0M $3.9M N/A 80
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Organization Details
EIN
38-2159771
State
MI
City
TRAVERSE CITY
ZIP
49686-2892
Classification
J20Z
Category
Employment
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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