MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION (EIN 273157523) - 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

2010

Legal Domicile

Principal Officer

SCOTT HIIPAKKA

Phone

2483034618

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

THE MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION ("MIBAF") IS A NON-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ESTABLISHED TO PROMOTE COMMERCE AND INDUSTRY BETWEEN ISRAEL AND MICHIGAN. SINCE ESTABLISHMENT, MIBAF HAS WORKED 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 $232,692

Program Service Revenue $186,291

Investment Income $17,813

Other Revenue $0

TOTAL REVENUE $436,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $15,438

Program Expenses $447,699

Other Expenses $514,597

TOTAL EXPENSES $514,597

Year-over-Year Comparison

	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%

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

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

$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	$0	$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	$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

MICHIGAN ISRAEL BUSINESS ACCELERATOR FOUNDATION