VENTURE MICHIGAN FUND (EIN 201443645) - 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

2004

Legal Domicile

Principal Officer

TERESA YUE

Phone

6463623700

Tax Period

2023-01-01 to 2023-12-31

VENTURE MICHIGAN FUND, founded in 2004, is a mid-sized nonprofit in the Community Improvement sector that reported $11.7M in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $10.2M, a strong 87% operating margin.

Mission

TO RAISE CAPITAL AND INVEST THAT CAPITAL IN VENTURE CAPITAL FIRMS WITH THE INTENT TO BENEFIT THE STATE OF MICHIGAN'S EARLY OR SEED STAGE BUSINESSES.

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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 $0

Program Service Revenue $0

Investment Income $5,280,895

Other Revenue $6,398,552

TOTAL REVENUE $11,679,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,418,127

Other Expenses $1,499,758

TOTAL EXPENSES $1,499,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,679,447	$26,346,078	-0.6%
Expenses	$1,499,758	$2,196,899	-0.3%
Net Income	$10,179,689	$24,149,179	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JEFFREY RINVELT	TREASURER	Director	$0	$0	$0
SCOTT IDLE	PRESIDENT	Director	$0	$0	$0
DAWN BATTS	SECRETARY	Director	$0	$0	$0
ANN STORBERG	n/a	Director	$0	$0	$0
TIM EASTERWOOD	n/a	Director	$0	$0	$0
FREDRICK MOLNAR	n/a	Director	$0	$0	$0
BRANDON WAY	n/a	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
2024	No data	No data	No data	No data
2023	$11,679,447	$1,499,758	$254,515,626	$10,179,689
2022	$26,346,078	$2,196,899	$339,849,528	$24,149,179
2021	$100,484,897	$18,483,171	$479,759,499	$82,001,726
2020	$78,875,591	$18,403,439	$423,885,343	$60,472,152
2019	$18,161,323	$21,246,592	$343,074,204	$-3,085,269
2018	$11,849,180	$22,309,563	$359,734,507	$-10,460,383

VENTURE MICHIGAN FUND