MICHIGAN FUTURE FOUNDATION (EIN 043599062) - 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

2002

Legal Domicile

Principal Officer

JARED BURKHART

Phone

5173239473

Tax Period

2021-09-01 to 2022-08-31

MICHIGAN FUTURE FOUNDATION, founded in 2002, is a micro nonprofit in the Education sector that reported $9K in total revenue in fiscal year 2021. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $14K exceeded revenue, resulting in a 60% operating deficit.

Mission

EDUCATE, PROMOTE, AND ENCOURAGE CAREERS IN THE INDEPENDENT AGENCY SYSTEM.

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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 (2021)

Revenue Breakdown

Contributions & Grants $5,340

Program Service Revenue $0

Investment Income $3,558

Other Revenue $0

TOTAL REVENUE $8,898

Expense Breakdown

Grants Paid $10,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,546

Other Expenses $3,728

TOTAL EXPENSES $14,228

Year-over-Year Comparison

	2021	2020	Change
Revenue	$8,898	$36,403	-0.8%
Expenses	$14,228	$35,845	-0.6%
Net Income	$-5,330	$558	-10.6%

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

$227,718

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA WALKER	CHAIR	0.50	Officer Director	$0	$0	$0
CLIFF MILLER	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DAN MERCURE JR	TREASURER	0.50	Officer Director	$0	$0	$0
DENISE COX	SECRETARY	0.50	Officer Director	$0	$0	$0
RON DEVERS	BOARD MEMBER	0.50	Director	$0	$0	$0
TIM FEKETE	BOARD MEMBER	0.50	Director	$0	$0	$0
JIM MCGRAIN	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN OLSON	BOARD MEMBER	0.50	Director	$0	$0	$0
AMY PURCILLY	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC KARN ENDED	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN SORENSON ENDED	BOARD MEMBER	0.50	Director	$0	$0	$0
JARED BURKHART	CEO	1.00	Officer	$0	$18,601	$109,639
MATTHEW WESOLEK	COO	1.00	Officer	$0	$21,133	$118,079

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
2022	$8,898	$14,228	$368,948	$-5,330
2021	$36,403	$35,845	$424,103	$558

MICHIGAN FUTURE FOUNDATION