Michigan Saves (EIN 271388004) - 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

2009

Legal Domicile

Principal Officer

Paul Schutt

Phone

5174846474

Tax Period

2024-01-01 to 2024-12-31

Michigan Saves, founded in 2009, is a mid-sized nonprofit in the Environment sector that reported $20.6M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.8M, a strong 28% operating margin.

Mission

To promote accessible, equitable, and just investments in energy efficiency and clean energy to support healthy and thriving communities.

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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 $14,768,224

Program Service Revenue $2,779,677

Investment Income $3,093,700

Other Revenue $0

TOTAL REVENUE $20,641,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $28,360

Program Expenses $13,178,661

Other Expenses $14,846,679

TOTAL EXPENSES $14,846,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,641,601	$17,758,875	+0.2%
Expenses	$14,846,679	$7,376,036	+1.0%
Net Income	$5,794,922	$10,382,839	-0.4%

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
Paul Schutt	President	2.00	Officer Director	$0	$0	$0
Roselyn Tantraphol	Vice President	1.00	Officer Director	$0	$0	$0
David Wible	Treasurer	1.00	Officer Director	$0	$0	$0
Selma Tucker	Secretary	1.00	Officer Director	$0	$0	$0
Karen Gould	Director	1.00	Director	$0	$0	$0
Amanda Godward	Director	1.00	Director	$0	$0	$0
Michael Larson	Director	1.00	Director	$0	$0	$0
Bryan Lewis	Director	1.00	Director	$0	$0	$0
Jason Matley	Director	1.00	Director	$0	$0	$0
Emily McGraw	Director	1.00	Director	$0	$0	$0
Terri Schroeder	Director	1.00	Director	$0	$0	$0
Conan Smith	Director	1.00	Director	$0	$0	$0
Alina Verdiyan	Director	1.00	Director	$0	$0	$0
Chanell Contreras	Former CEO	40.00	Officer	$0	$0	$0
Sally Talberg effective 2025	President and CEO	0.00	Officer	$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	$20,641,601	$14,846,679	$36,078,006	$5,794,922
2023	$17,758,875	$7,376,036	$30,475,981	$10,382,839
2022	$5,654,697	$4,014,555	$18,460,904	$1,640,142
2021	$5,834,358	$3,788,162	$18,070,925	$2,046,196
2020	$4,812,280	$2,929,272	$14,737,386	$1,883,008
2019	$3,404,929	$2,876,055	$12,598,144	$528,874
2018	$769,666	$1,868,670	$12,167,492	$-1,099,004

Michigan Saves