MICHIGAN ISRAEL BUSINESS ACCELERATOR (EIN 261530156) - 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

2007

Legal Domicile

Principal Officer

SCOTT HIIPAKKA

Phone

2483034618

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN ISRAEL BUSINESS ACCELERATOR, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $213K, a strong 19% operating margin.

Mission

THE MICHIGAN ISRAEL BUSINESS ACCELERATOR ("MIBA") IS A NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE ESTABLISHED TO PROMOTE COMMERCE AND INDUSTRY BETWEEN ISRAEL AND MICHIGAN. MIBA WORKS TO ATTRACT HIGH-GROWTH ISRAELI TECHNOLOGY COMPANIES FROM ISRAEL TO PURSUE BUSINESS EXPANSION OPPORTUNITIES IN MICHIGAN, AS WELL AS TO EDUCATE AND ATTRACT MICHIGAN HIGH-GROWTH TECHNOLOGY COMPANIES TO PURSUE BUSINESS IN ISRAEL.

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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 $624,400

Program Service Revenue $0

Investment Income $0

Other Revenue $510,978

TOTAL REVENUE $1,135,378

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $397,226

Fundraising Expenses $0

Other Expenses $510,418

TOTAL EXPENSES $922,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,135,378	$851,623	+0.3%
Expenses	$922,644	$775,408	+0.2%
Net Income	$212,734	$76,215	+1.8%

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

Independent Members

Employees

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

$117,341

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT ELLIOT	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES MEEKS	TREASURER	1.00	Officer Director	$0	$0	$0
REGINE BEAUBOEUF	SECRETARY	1.00	Officer Director	$0	$0	$0
GAHL BERKOOZ	DIRECTOR	1.00	Director	$0	$0	$0
MARC BLECKMAN	DIRECTOR	1.00	Director	$0	$0	$0
BETH CHAPPELL	DIRECTOR	1.00	Director	$0	$0	$0
BRAD COMMENT	DIRECTOR	1.00	Director	$0	$0	$0
MARK DAVIDOFF	DIRECTOR	2.50	Director	$0	$0	$0
MIKE DERGIS	DIRECTOR	1.50	Director	$0	$0	$0
BETH GOTTHELF	DIRECTOR	1.00	Director	$0	$0	$0
QUENTIN L MESSER JR	DIRECTOR	1.00	Director	$0	$0	$0
LISA PRASAD	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
ALYSSA TRACEY	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD UNGERLEIDER	DIRECTOR	1.00	Director	$0	$0	$0
EVAN WEINER	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE WOLFE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HIIPAKKA	CHIEF EXECUTIVE OFFICER	20.00	Officer	$117,341	$0	$117,341

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	$1,135,378	$922,644	$1,178,718	$212,734
2022	$851,623	$775,408	$919,155	$76,215
2021	$770,808	$707,947	$837,543	$62,861
2020	$882,645	$722,171	$777,322	$160,474
2019	$1,577,738	$1,116,579	$610,506	$461,159
2018	$670,493	$535,497	$585,000	$134,996

MICHIGAN ISRAEL BUSINESS ACCELERATOR