BIG FAMILY OF MICHIGAN INC

EIN: 020617168 501(c)(3) Education

SAINT CLAIR SHORES, MI

Total Revenue
$83,862
Total Expenses
$126,870
Total Assets
$273,127
Net Assets
$273,127
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MI
Principal Officer
CHRISTOPHER LORIA
Phone
5864156968
Tax Period
2023-05-01 to 2024-04-30

BIG FAMILY OF MICHIGAN INC, founded in 2002, is a micro nonprofit in the Education sector that reported $84K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $127K exceeded revenue, resulting in a 51% operating deficit.

Mission

ORGANIZATIONS MISSION IS TO SERVE THE NEEDS OF FOSTER CHILDREN & YOUNG ADULTS THROUGH PROGRAMS & INITIATIVES DESIGNED TO PROVIDE FOR THE PHYSICAL NEEDS & EMOTIONAL ENRICHMENT OF CHILDREN & YOUNG ADULTS ENTERING, EXPERIENCING & EXITING THE FOSTER CARE SYSTEM. THE ORGANIZATIONS SIGNIFICANT ACTIVITIES FOR FORSTER CHILDREN INCLUDE PROVIDING GIFTS OF PERSONAL ITEMS, ORGANIZING RECREATIONAL ACTIVITIES & HOLIDAY CELEBRATIONS, GRANTING SCHOLARSHIPS AND PUBLIC SPEAKING EVENTS TO EDUCATE PERSONS IN POSITIONS TO RECOGNIZE & REPORT CHILD ABUSE AND PARTNERING WITH OTHER ORGANIZATIONS TO SUPPORT MICHIGANS FOSTER CARE CHILDREN & THEIR FAMILIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $67,834
Program Service Revenue $0
Investment Income $345
Other Revenue $15,683
TOTAL REVENUE $83,862

Expense Breakdown

Grants Paid $77,211
Salaries & Benefits $0
Fundraising Expenses $150
Program Expenses $125,303
Other Expenses $49,509
TOTAL EXPENSES $126,870

Year-over-Year Comparison

2023 2022 Change
Revenue $83,862 $164,500 -0.5%
Expenses $126,870 $150,736 -0.2%
Net Income $-43,008 $13,764 -4.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
70

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$32,500
Total Directors
8
$32,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON MCCAUGHRIN PRESIDENT 30.00
Officer Director
$32,500 $0 $32,500
CHRIS LORIA TREASURER 10.00
Officer Director
$0 $0 $0
JENNIFER HICHME BOARD MEMBER 3.00
Director
$0 $0 $0
JOHN MESSEMANN BOARD MEMBER 3.00
Director
$0 $0 $0
DAVID TREADWELL BOARD MEMBER 3.00
Director
$0 $0 $0
THERESA JONES BOARD MEMBER 3.00
Director
$0 $0 $0
CHERYL JACKSON BOARD MEMBER 0.00
Director
$0 $0 $0
JENNIFER IRAS-HELMANSKI BOARD MEMBER 3.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $83,862 $126,870 $273,127 $-43,008
2023 $164,500 $150,736 $331,937 $13,764
2022 $120,982 $122,381 $311,448 $-1,399
2021 $103,807 $91,853 $303,770 $11,954
2020 $242,380 $114,230 $291,816 $128,150
2019 $114,449 $68,594 $163,666 $45,855
2018 $145,714 $79,106 $117,811 $66,608
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