MICHIGAN CHAMBER LITIGATION CENTER

EIN: 264231799 Community Improvement

LANSING, MI

Total Revenue
$626,000
Total Expenses
$624,173
Total Assets
$3,891
Net Assets
$3,891
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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
1977
Legal Domicile
MI
Principal Officer
JAMES R HOLCOMB
Phone
5173712100
Tax Period
2018-01-01 to 2018-12-31

MICHIGAN CHAMBER LITIGATION CENTER, founded in 1977, is a small nonprofit in the Community Improvement sector that reported $626K in total revenue in fiscal year 2018.

Mission

THE COMMITTEE IS ESTABLISHED TO PROMOTE FAIR TREATMENT OF BUSINESS IN THE COURTS AND REGULATORY AGENCIES.

Program Service Accomplishments

Program 1
Expenses: $624,173

PROMOTED CONDITIONS FAVORABLE TO THE ECONOMIC DEVELOPMENT OF THE STATE OF MICHIGAN AND THE PRESERVATION AND ENHANCEMENT OF THE AMERICAN SYSTEM OF PRIVATE ENTERPRISE.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $626,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $626,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $624,173
Other Expenses $624,173
TOTAL EXPENSES $624,173

Year-over-Year Comparison

2018 2017 Change
Revenue $626,000 N/A N/A
Expenses $624,173 N/A N/A
Net Income $1,827 $0 N/A
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

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Governance

Voting Members
1
Independent Members
N/A
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
3
$543,353
Total Directors
3
$543,353
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD STUDLEY DIRECTOR/PRESIDENT 1.00
Officer Director
$0 $69,248 $543,353
JAMES HOLCOMB DIRECTOR/TREASURER/VP 1.00
Officer Director
$0 $0 $0
GWENDOLYN BLOCK DIRECTOR/SECRETARY 1.00
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
2018 $626,000 $624,173 $3,891 $1,827
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