Talent First INC FY2022 filing
Connects businesses and educators to develop skilled workers for West Michigan. For fiscal year 2022 it reported $1.1M in revenue, $1.1M in expenses, and $92K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Community Development
- Location
- Grand Rapids, MI
- Website
- talent2025.org
- Filings
- 5 on file (2020–2022)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Kevin Stotts’s $231K as President is at the 75th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Kevin Stotts | $231,325 | $224,388 | $217,991 | $199,236 | $180,314 |
| Jeremy Hendges | $157,287 | $120,070 | — | — | — |
| Matt Demonbrun | $114,628 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Where the work happens
Talent first is a ceo alliance serving 13 counties in west michigan providing leadership on today's complex talent challenges. We rely on data and expertise to illuminate gaps, evaluate strategies, and advocate for solutions to attract, retain, and develop the talent west michigan employers need and to ensure all individuals and the…
In 2022, talent first launched the michigan center for adult college success to serve as the state's primary resource for research, support, and best practices on ensuring adult enrollment and completion of credentials. This initiative is funded with an appropriation by the state of michigan.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 74% | — | — |
| Overhead ratio | 19% | — | — |
| Fundraising cost ratio | 8% | — | — |
| Revenue growth | 54% | — | — |
| Legal fee ratio | 0.7% | — | — |
| Accounting fee ratio | 2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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