MICHIGAN SNOWMOBILE EDUCATION AND ADVANCEMENT FUND (EIN 202798484) - 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

2005

Legal Domicile

Phone

6163612285

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN SNOWMOBILE EDUCATION AND ADVANCEMENT FUND, founded in 2005, is a micro nonprofit in the Unknown sector that reported $18K in total revenue in fiscal year 2024. Revenue fell 153% from the prior year — a significant decline worth monitoring.

Mission

TO DEVELOP A COMMON APPRECIATION AND KNOWLEDGE OF SNOWMOBILING IN MICHIGAN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $625

Program Service Revenue $0

Investment Income $3,262

Other Revenue $-21,685

TOTAL REVENUE $-17,798

Expense Breakdown

Grants Paid $9,344

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,086

Other Expenses $15,937

TOTAL EXPENSES $25,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-17,798	$33,898	-1.5%
Expenses	$25,281	$27,535	-0.1%
Net Income	$-43,079	$6,363	-7.8%

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

N/A

Independent Members

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT PETERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN GRIFFIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM DICKIE	TREASURERSECRETARY	1.50	Officer Director	$0	$0	$0
JOHN HOUK	DIRECTOR	1.00	Director	$0	$0	$0
MARK PANKNER	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MIDDENDORP	EXECUTIVE DIRECTOR	10.00	Officer	$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	$-17,798	$25,281	$163,686	$-43,079
2023	$33,898	$27,535	$206,765	$6,363
2022	$33,832	$28,555	$200,402	$5,277
2021	$63,887	$10,299	$195,125	$53,588
2020	$51,315	$32,812	$141,537	$18,503

MICHIGAN SNOWMOBILE EDUCATION AND ADVANCEMENT FUND