MICHIGAN GOVERNOR'S RESIDENCE FOUN… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

BRIAN HUGGLER

Phone

2022466594

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN GOVERNOR'S RESIDENCE FOUNDATION, founded in 2011, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $75K in total revenue in fiscal year 2023. The organization ran a surplus of $52K, a strong 70% operating margin.

Mission

TO RESTORE, REPAIR, AND REFURBISH THE STATE-OWNED LANSING AND MACKINAC ISLAND OFFICIAL RESIDENCES OF THE GOVERNOR OF THE STATE OF MICHIGAN; TO RESTORE, REPAIR, AND REFURBISH OTHER BUILDINGS AND DEVELOPMENTS OF HISTORICAL SIGNIFICANCE TO THE PEOPLE OF THE STATE OF MICHIGAN; AND TO FINANCE EXPENSES INCURRED IN CONNECTION WITH OFFICIAL FUNCTIONS AT THE GOVERNOR'S RESIDENCES.

Program Service Accomplishments

Program 1

Expenses: $21,479

TO ENGAGE IN ACTIVITIES NECESSARY TO RESTORE, REPAIR AND REFURBISH STATE OWNED RESIDENCES AND OTHER BUILDINGS AND DEVELOPMENTS.

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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 $75,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $75,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,479

Other Expenses $22,792

TOTAL EXPENSES $22,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,000	N/A	N/A
Expenses	$22,792	$2,200	+9.4%
Net Income	$52,208	$-2,200	-24.7%

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
BRIAN HUGGLER	PRESIDENT	1.00	Officer	$0	$0	$0
PHIL PIERCE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
LYNDA ROSSI	SECRETARY	1.00	Officer	$0	$0	$0
ZINA KRAMER	TREASURER	1.00	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	No data	No data	No data	No data
2023	$75,000	$22,792	$143,357	$52,208
2022	No data	$2,200	$91,149	No data
2021	$120,000	$46,830	$93,349	$73,170
2020	$105,000	$115,809	$20,179	$-10,809

MICHIGAN GOVERNOR'S RESIDENCE FOUNDATION