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SOUTHWEST MICHIGAN FIRST CORPORATION
SOUTHWEST MICHIGAN FIRST CORPORATION
MI · Community Development · EIN 382853785
22
Executives Disclosed
$6.8M
Annual Revenue
$9.2M
Total Assets
3.4:1
Internal Pay Ratio
SOUTHWEST MICHIGAN FIRST CORPORATION has 22 executives with disclosed compensation. The highest-paid executive, Ron Kitchens (CHIEF EXECUTIVE OFFICER (PART YEAR)), received peak total compensation of $811,683. The sector average for Community Development executives is $172K.
Top Executive Compensation Over Time
Executive Compensation
| Name | Title | Peak Comp. | Latest Comp. | Years | vs. Household |
|---|---|---|---|---|---|
| Ron Kitchens | CHIEF EXECUTIVE OFFICER (PART YEAR) | $812K | $0 | 2017–2021 | 10.8x |
| Jonas Peterson | CHIEF EXECUTIVE OFFICER | $585K | $575K | 2022–2024 | 7.8x |
| Jill Bland | EXECUTIVE VP-ECONOMIC DEVELOPMENT | $303K | $303K | 2017–2024 | 4x |
| Carla Sones | PRESIDENT | $296K | $284K | 2018–2024 | 3.9x |
| Heather Baker | CHIEF OPERATING OFFICER | $289K | $213K | 2017–2021 | 3.9x |
| Kim Weishaar | PART-YEAR CFO (LEFT AUG 2024) | $218K | $0 | 2017–2024 | 2.9x |
| Sarah Weishaar | MANAGING PARTNER | $185K | $185K | 2018–2019 | 2.5x |
| Petey Stephanak | SENIOR DIRECTOR | $181K | $169K | 2021–2022 | 2.4x |
| Margaret Stephanak | PARTNER | $180K | $180K | 2017–2020 | 2.4x |
| Nicholas Riashi | SENIOR DIRECTOR | $180K | $171K | 2023–2024 | 2.4x |
| Joe Agostinelli | PARTNER | $179K | $0 | 2017–2020 | 2.4x |
| Clarence Lloyd | VICE PRESIDENT | $170K | $170K | 2022–2024 | 2.3x |
| Abbie Rumery | VICE PRESIDENT | $166K | $166K | 2020–2024 | 2.2x |
| Carla Winchester | MANAGING PARTNER | $155K | $155K | 2017–2017 | 2.1x |
| Andrew Eaton | PARTNER | $154K | $154K | 2018–2018 | 2.1x |
| Cathy Knapp | SENIOR DIRECTOR | $153K | $153K | 2019–2022 | 2x |
| Sarah Mansberger | MANAGING PARTNER | $135K | $0 | 2019–2019 | 1.8x |
| Bronwyn Drost | SENIOR DIRECTOR | $128K | $0 | 2023–2023 | 1.7x |
| Justine Laux | SENIOR DIRECTOR | $105K | $0 | 2024–2024 | 1.4x |
| Nancy Schultz | CHIEF FINANCIAL OFFICER - PART YEAR | $54K | $0 | 2017–2017 | 0.7x |
| Lee Chatfield | CHIEF EXECUTIVE OFFICER (PART YEAR) | $45K | $0 | 2021–2021 | 0.6x |
| Michael Jensen | VP OF FINANCE AND OPERATIONS | $23K | $0 | 2024–2024 | 0.3x |
Annual Summary
| Year | Executives | Avg. Comp. | Highest Comp. | Total Payroll |
|---|---|---|---|---|
| 2017 | 8 | $260K | $546K | $1.6M |
| 2018 | 9 | $271K | $721K | $2.2M |
| 2019 | 10 | $290K | $812K | $2.3M |
| 2020 | 9 | $319K | $687K | $1.9M |
| 2021 | 9 | $239K | $296K | $1.2M |
| 2022 | 8 | $278K | $585K | $1.7M |
| 2023 | 8 | $253K | $479K | $1.8M |
| 2024 | 9 | $278K | $575K | $1.7M |
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