MICHIGAN CONSUMER EVALUATION TEAM INC

EIN: 300123051 501(c)(3) Mental Health

WATERFORD, MI

Total Revenue
$106,360
Total Expenses
$126,041
Total Assets
$63,535
Net Assets
$48,723
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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
2003
Legal Domicile
MI
Principal Officer
MARGARET MORRISON
Phone
2487335370
Tax Period
2021-10-01 to 2022-09-30

MICHIGAN CONSUMER EVALUATION TEAM INC, founded in 2003, is a small nonprofit in the Mental Health sector that reported $106K in total revenue in fiscal year 2021. Expenses of $126K exceeded revenue, resulting in a 19% operating deficit.

Mission

MCET DEVELOPS STATE OF THE ART EVALUATION TOOLS AND GATHERS INFORMATION TO CREATE REPORTS FOR BOTH PEOPLE AND ORGANIZATIONS

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $106,360
Investment Income $0
Other Revenue $0
TOTAL REVENUE $106,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $93,930
Other Expenses $126,041
TOTAL EXPENSES $126,041

Year-over-Year Comparison

2021 2020 Change
Revenue $106,360 $104,816 +0.0%
Expenses $126,041 $124,562 +0.0%
Net Income $-19,681 $-19,746 0.0%
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
5
Independent Members
5
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK BIGELOW TRUSTEE N/A
Director
$0 $0 $0
GEORGE FETTIG TRUSTEE N/A
Director
$0 $0 $0
SHANNON REICHOW TRUSTEE N/A
Director
$0 $0 $0
RICHARD ZIEMAK TRUSTEE N/A
Director
$0 $0 $0
STEVEN HILL SECRETARY N/A
Officer
$0 $0 $0
MARGARET MORRISON EXECUTIVE OF N/A
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
2022 $106,360 $126,041 $63,535 $-19,681
2021 $104,816 $124,562 $86,912 $-19,746
2020 $119,392 $109,648 $98,767 $9,744
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