MICHIGAN TURFGRASS FOUNDATION (EIN 237448202) - 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

1957

Legal Domicile

Principal Officer

CHRISTIAN KOVAL

Phone

5173925003

Tax Period

2023-10-01 to 2024-09-30

MICHIGAN TURFGRASS FOUNDATION, founded in 1957, is a small nonprofit in the Environment sector that reported $404K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $72K, a strong 18% operating margin.

Mission

TO ESTABLISH AND MAINTAIN A PROGRAM OF EDUCATION AND RESEARCH GRANTS IN THE FIELD OF AGRONOMY.

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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 $93,828

Program Service Revenue $226,489

Investment Income $76,601

Other Revenue $6,694

TOTAL REVENUE $403,612

Expense Breakdown

Grants Paid $105,577

Salaries & Benefits $0

Fundraising Expenses $16,613

Program Expenses $105,577

Other Expenses $226,357

TOTAL EXPENSES $331,934

Year-over-Year Comparison

	2023	2022	Change
Revenue	$403,612	$440,926	-0.1%
Expenses	$331,934	$838,053	-0.6%
Net Income	$71,678	$-397,127	-1.2%

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

$45,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAREY MITCHELSON	EXECUTIVE DIRECTOR	20.00	Officer	$45,000	$0	$45,000
MITCH HOOTEN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN KOVAL	DIRECTOR	1.00	Director	$0	$0	$0
ADAM PALMATIER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG MOORE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SCHWEIHOFER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WILCZNSKI	DIRECTOR	1.00	Director	$0	$0	$0
CURT BOAK	DIRECTOR	2.00	Director	$0	$0	$0
ERIC DAVEY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT RETTMANN	SECRETARY	2.00	Officer Director	$0	$0	$0
BRAD LAZROFF	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
DAN MAUSOLF	PRESIDENT	4.00	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	$403,612	$331,934	$1,642,925	$71,678
2023	$440,926	$838,053	$1,335,575	$-397,127
2022	$144,727	$828,700	$1,741,594	$-683,973
2021	$87,684	$269,942	$2,536,301	$-182,258
2020	$308,865	$220,429	$2,276,445	$88,436
2019	$417,958	$257,573	$2,110,425	$160,385
2018	$442,146	$279,084	$1,962,614	$163,062

MICHIGAN TURFGRASS FOUNDATION