MI Management Inc (EIN 042857794) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

Gerard Foley

Phone

9786856321

Tax Period

2023-01-01 to 2023-12-31

MI Management Inc, founded in 1984, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $3.4M left a modest 8% surplus.

Mission

Mary Immaculate Management exists to develop and implement innovative, compassionate, competent, and responsive services and programs to address unmet needs of community elders.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $247,540

Program Service Revenue $3,526,620

Investment Income $-7,762

Other Revenue $0

TOTAL REVENUE $3,766,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,386,847

Fundraising Expenses $0

Program Expenses $2,859,817

Other Expenses $1,059,944

TOTAL EXPENSES $3,446,791

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,766,398	$3,059,944	+0.2%
Expenses	$3,446,791	$3,327,092	+0.0%
Net Income	$319,607	$-267,148	-2.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$174,354

Total Directors

$174,354

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gerald Foley	President & CEO	1.00	Officer Director	$0	$29,137	$174,354
Raisa T Carrasco-Velez	Director	1.00	Director	$0	$0	$0
Rev John Delaney	Director	1.00	Director	$0	$0	$0
Roger Desjardins	Director	1.00	Director	$0	$0	$0
Deacon Eric Peabody	Director	1.00	Director	$0	$0	$0
Sr Marcia Wiley	Director	1.00	Director	$0	$0	$0
Deborah L Turiano MD	Chair	1.00	Officer Director	$0	$0	$0
William Shaheen CPA	Treasurer	1.00	Officer Director	$0	$0	$0
Samer Obeid Esq	Secretary	1.00	Officer Director	$0	$0	$0
Karen Gallagher Giangrande	Clerk (end 4/2023)	1.00	Officer Director	$0	$0	$0
Kristine Madden	Program Director	40.00	Highest	$108,807	$4,928	$113,735

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
2024	No data	No data	No data	No data
2023	$3,766,398	$3,446,791	$8,571,842	$319,607
2022	$3,059,944	$3,327,092	$7,356,255	$-267,148
2021	$4,245,838	$3,185,700	$8,237,230	$1,060,138
2020	$3,247,638	$2,946,037	$7,834,259	$301,601
2019	$3,691,488	$2,972,054	$7,586,106	$719,434
2018	$3,330,754	$2,884,690	$6,450,442	$446,064

MI Management Inc