DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $437K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $515K exceeded revenue, resulting in a 18% operating deficit.
MIBAF HAS ADOPTED A MISSION TO ADVANCE MICHIGAN'S INNOVATION ECOSYSTEM, ONE ISRAELI CONNECTION AT A TIME.
DURING 2023, MIBAF AND ITS AFFILIATED ORGANIZATION, THE MICHIGAN ISRAEL BUSINESS ACCELERATOR ("MIBA"), SUPPORTED OVER 400 COMPANIES, FOSTERING 287 CONNECTS, 1,215 CONNECTIONS, AND 21 SUCCESSFUL...
DURING 2023, MIBAF AND ITS AFFILIATED ORGANIZATION, THE MICHIGAN ISRAEL BUSINESS ACCELERATOR ("MIBA"), SUPPORTED OVER 400 COMPANIES, FOSTERING 287 CONNECTS, 1,215 CONNECTIONS, AND 21 SUCCESSFUL COLLABORATIONS. MIBAF AND MIBA CONTINUED ADVANCING WORKING RELATIONSHIPS WITH ECONOMIC DEVELOPMENT ENTITIES ACROSS THE STATE OF MICHIGAN AND IN ISRAEL THROUGH BUSINESS CONNECTIONS, TRADE MISSIONS, AND MULTIPLE VIRTUAL AND IN-PERSON COMMUNITY ENGAGEMENT EVENTS DESIGNED TO PROMOTE A BETTER UNDERSTANDING OF THE BUSINESS OPPORTUNITIES BETWEEN MICHIGAN AND ISRAEL.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $436,796 | $556,601 | -0.2% |
| Expenses | $514,597 | $405,973 | +0.3% |
| Net Income | $-77,801 | $150,628 | -1.5% |
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
Sign In| 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
|
$0 | $0 | $117,341 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $436,796 | $514,597 | $1,466,701 | $-77,801 |
| 2022 | $556,601 | $405,973 | $1,350,588 | $150,628 |
| 2021 | $293,849 | $271,993 | $1,033,973 | $21,856 |
| 2020 | $1,106,800 | $381,689 | $1,390,919 | $725,111 |
| 2019 | $441,216 | $731,174 | $221,219 | $-289,958 |
| 2018 | $420,194 | $328,418 | $442,414 | $91,776 |
Compare MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION with other nonprofits in Michigan and across the country.