MARINETTE COUNTY GROUP HOME ASSOCIATION INC
Mission Statement
Bridges to Recovery is here to help guide individuals through the recovery community by connecting them with others in recovery and providing access to area support services. At Bridges, we understand that Recovery looks different for everyone, and meeting people where they are, allows people to recognize their own strengths and create a new life with meaning and purpose. Bridges provides a positive, safe, peer-led, peer-driven, empowering, Person-Centered environment supportive of all pathways of Recovery for women/men to recover from active substance use disorders and obtain the recovery capital to live a life free of chemical dependence.
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
|
85.5% | 85.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
13.1% | 11.3% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.4% | 0.4% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
23.9 mo | 8.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
9.9% | 13.3% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
57.6% | 93.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
25.2% | 7.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
18.8% | 7.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
0.3% | 1.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.5M | $1.5M | $3.0M | 85.5% | 43 |
| 2023 | $1.2M | $1.3M | $3.0M | 86.2% | 40 |
| 2022 | $1.1M | $1.2M | $3.0M | 87.8% | 40 |
| 2021 | $3.7M | $934K | N/A | — | 33 |
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