THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION (EIN 223113975) - 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

1991

Legal Domicile

Phone

8565960500

Tax Period

2024-01-01 to 2024-12-31

THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION, founded in 1991, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $572K, a strong 20% operating margin.

Mission

AWARDING EDUCATIONAL SCHOLARSHIPS

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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 $2,870,518

Program Service Revenue $0

Investment Income $38,871

Other Revenue $0

TOTAL REVENUE $2,909,389

Expense Breakdown

Grants Paid $2,131,525

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,266,818

Other Expenses $205,392

TOTAL EXPENSES $2,336,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,909,389	$2,177,851	+0.3%
Expenses	$2,336,917	$1,992,234	+0.2%
Net Income	$572,472	$185,617	+2.1%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
E JAMES HENDERSON	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
ELAINE LEONARDI	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
MICHAEL J LEVITT	PRESIDENT	1.0	Officer Director	$0	$0	$0
PATRICIA LEVITT	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
PAUL CHAN	SECRETARY	1.0	Officer 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	$2,909,389	$2,336,917	$1,254,989	$572,472
2023	$2,177,851	$1,992,234	$598,364	$185,617
2022	$1,780,980	$1,656,306	$403,071	$124,674
2021	$1,348,603	$1,493,058	$283,696	$-144,455
2020	$1,473,377	$1,303,052	$581,099	$170,325
2019	$1,034,503	$1,032,079	$146,156	$2,424
2018	$813,941	$838,691	$167,454	$-24,750

THE MICHAELS ORGANIZATION EDUCATIONAL FOUNDATION