THE MICHIGAN VEGETABLE COUNCIL INC (EIN 237017793) - 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

1964

Legal Domicile

Principal Officer

GREG BIRD

Phone

5176636725

Tax Period

2024-04-01 to 2025-03-31

THE MICHIGAN VEGETABLE COUNCIL INC, founded in 1964, is a small nonprofit that reported $369K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $357K left a modest 3% surplus.

Mission

TO RESEARCH VEGETABLES FOR FARMERS 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 $362,697

Program Service Revenue $0

Investment Income $3,947

Other Revenue $2,490

TOTAL REVENUE $369,134

Expense Breakdown

Grants Paid $190,063

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $166,515

TOTAL EXPENSES $356,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$369,134	$306,646	+0.2%
Expenses	$356,578	$267,749	+0.3%
Net Income	$12,556	$38,897	-0.7%

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

N/A

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

$550

Total Directors

$2,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN BOUNDS	DIRECTOR	1.00	Director	$275	$0	$275
CHRIS FALAK	PRESIDENT	1.00	Officer Director	$275	$0	$275
TRENT KARNEMAAT	DIRECTOR	1.00	Director	$275	$0	$275
HAILEE LEITZ	DIRECTOR	1.00	Director	$275	$0	$275
MATT MCCALLUM	DIRECTOR	1.00	Director	$275	$0	$275
DEREK OOMEN	DIRECTOR	1.00	Director	$275	$0	$275
KRISTIN OOMEN	ASST SEC/ASS	1.00	Officer Director	$275	$0	$275
ERIK THIES	DIRECTOR	1.00	Director	$275	$0	$275
DOUG HORKEY	DIRECTOR	1.00	Director	$200	$0	$200
KEITH BOUWKAMP	DIRECTOR	1.00	Director	$175	$0	$175
MATT DEBLOUW	DIRECTOR	1.00	Director	$175	$0	$175
MIKE IOTT	DIRECTOR	1.00	Director	$100	$0	$100
JANELLE TOTZKE	DIRECTOR	1.00	Director	$100	$0	$100
GREG BIRD	EXECUTIVE DI	23.00	Director	$0	$0	$0
JAMIE CLOVER-ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER COSTANZA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KENNY	VP/SEC/TREAS	1.00	Officer Director	$0	$0	$0
ROGER VICTORY	DIRECTOR	1.00	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
2025	$369,134	$356,578	$266,345	$12,556
2024	$306,646	$267,749	$253,786	$38,897
2023	$265,804	$270,310	$214,889	$-4,506
2022	$169,698	$211,843	$219,395	$-42,145
2021	$150,619	$254,990	$261,540	$-104,371
2020	$307,190	$260,264	$365,911	$46,926
2019	$307,021	$269,749	$318,985	$37,272

THE MICHIGAN VEGETABLE COUNCIL INC