Senior Resources of West Michigan
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2025
$37,057,513
Government Grants
89%
Program Services
10%
Investments
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2025
$35,458,101
Fees to Service Providers
70%
Salaries & Benefits
22%
Grants
6%
Offices, Occupancy & IT
1%
Other
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2024
2025
Change
Contributions
$64,455
$50,153
-22%
Government Grants
$29,975,766
$33,048,894
+10%
Fundraising Events
$0
$0
-
Program Services
$3,250,565
$3,834,685
+18%
Membership Dues
$0
$0
-
Investments
$108,305
$123,781
+14%
Other
$4,919
$0
-100%
Total Revenues
$33,404,010
$37,057,513
+11%
Expenses
2024
2025
Change
Grants
$2,023,750
$1,964,109
-3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,537,077
$7,933,609
+5%
Fees to Service Providers
$23,953,480
$24,771,816
+3%
Advertising & Promotion
$25,942
$24,397
-6%
Offices, Occupancy & IT
$505,659
$487,475
-4%
Interest
$0
$0
-
Depreciation
$22,323
$0
-100%
Other
$259,059
$276,695
+7%
Total Expenses
$34,327,290
$35,458,101
+3%
Net income
2024
2025
Change
Net income
-$923,280
+$1,599,412
-273%
Functional Expenses
Summary
2024
2025
Change
Program
$32,658,899
$34,002,300
+4%
Admin
$1,668,391
$1,455,801
-13%
Fundraising
$0
$0
-
Total Expenses
$34,327,290
$35,458,101
+3%
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