TCT OF MICHIGAN INC (EIN 311326585) - 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

1991

Legal Domicile

Principal Officer

ERIC L MILLINGTON

Phone

6189979333

Tax Period

2023-01-01 to 2023-12-31

TCT OF MICHIGAN INC, founded in 1991, is a small nonprofit in the Religion sector that reported $310K in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. Expenses of $2.3M exceeded revenue, resulting in a 645% operating deficit.

Mission

RELIGIOUS BROADCASTING

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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 $31,436

Program Service Revenue $10,000

Investment Income $220,609

Other Revenue $48,000

TOTAL REVENUE $310,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,315

Program Expenses $2,276,875

Other Expenses $2,309,263

TOTAL EXPENSES $2,309,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$310,045	$157,993	+1.0%
Expenses	$2,309,263	$427,679	+4.4%
Net Income	$-1,999,218	$-269,686	+6.4%

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

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

$450,655

Total Directors

$249,155

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA M COONCE	VICE PRESIDENT	2.00	Officer Director	$0	$115	$41,097
JULIE A NOLAN	ASST SECRETARY	1.00	Officer Director	$0	$13,126	$33,198
THOMAS C NOLAN IV	DIRECTOR	1.00	Director	$0	$39,114	$174,860
CHARLES R PAYNE	TREASURER	1.00	Officer Director	$0	$0	$0
VICTORIA M CLARK	DIRECTOR	1.00	Director	$0	$0	$0
LONNIE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL J DALY	SECRETARY	1.00	Officer	$0	$12,495	$195,158
SHANE A CHANEY	CFO	1.00	Officer	$0	$0	$181,202

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	$310,045	$2,309,263	$2,574,837	$-1,999,218
2023	$310,045	$2,309,263	$2,574,837	$-1,999,218
2022	$157,993	$427,679	$4,574,055	$-269,686
2021	$159,630	$274,111	$4,843,743	$-114,481
2020	$214,750	$764,314	$4,975,039	$-549,564
2019	$5,467,305	$3,583,851	$6,868,527	$1,883,454
2018	$5,149,239	$7,515,323	$4,443,645	$-2,366,084

TCT OF MICHIGAN INC