WOLVERINE HUMAN SERVICES
Mission Statement
In everything we do, our mission remains the same: “Helping Children and Families to be Victors.” Our purpose is to offer the most appropriate settings and most effective service providers to children, their families and their communities. We take part in a mutual effort assisting those in need to overcome social and economic barriers, to capitalize on their personal strengths, and to contribute to their own healing. Our approach is eclectic and is founded on the premise of “unconditional” care. Wolverine’s continuum of services and effective network of referral sources provide a responsive and cost-effective system accessible at the community level. We continue to use new treatment approaches, to reach out and collaborate with other services providers, and to utilize input from our many clients, constituents, funders, and supporters.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
87.3% | 87.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.7% | 11.1% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.2% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
8.3 mo | 6.6 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
47.8% | 32.8% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
93.5% | 92.7% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-4.1% | 7.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-8.2% | 6.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
1.7% | 1.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $18.4M | $18.1M | $12.5M | 87.3% | 386 |
| 2023 | $19.2M | $19.7M | $12.1M | 83.2% | 396 |
| 2022 | $15.6M | $19.5M | $12.7M | 83.9% | 555 |
| 2021 | $22.2M | $23.4M | N/A | — | 557 |
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