THE CENTER FOR MICHIGAN (EIN 320167398) - 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

2006

Legal Domicile

Principal Officer

KATHERINE S LOCKER

Phone

7342155169

Tax Period

2024-01-01 to 2024-12-31

THE CENTER FOR MICHIGAN, founded in 2006, is a community nonprofit in the Public & Societal Benefit sector that reported $5.3M in total revenue in fiscal year 2024. Revenue surged 98% from the prior year, signaling strong growth momentum. Net assets of $12.5M represent 28 months of operating reserves.

Mission

: MAKING MICHIGAN BETTER THROUGH HIGH-QUALITY, NONPARTISAN JOURNALISM & ENGAGEMENT

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,855,404

Program Service Revenue $201,100

Investment Income $207,816

Other Revenue $16,123

TOTAL REVENUE $5,280,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,971,134

Fundraising Expenses $631,754

Program Expenses $3,808,190

Other Expenses $1,687,630

TOTAL EXPENSES $5,658,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,280,443	$2,664,896	+1.0%
Expenses	$5,658,764	$5,257,128	+0.1%
Net Income	$-378,321	$-2,592,232	-0.9%

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

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

$271,828

Total Directors

$271,828

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE S LOCKER	CEO	40.00	Officer Director	$260,464	$11,364	$271,828
JOEL T KURTH	EXECUTIVE ED	40.00	Highest	$171,270	$31,405	$202,675
WILLIAM EMKOW	GROWTH STRAT	40.00	Highest	$168,491	$32,644	$201,135
JOHN BEBOW	EXECUTIVE AD	40.00	Highest	$169,090	$0	$169,090
RONNIE L FRENCH	SENIOR REPOR	40.00	Highest	$131,107	$34,167	$165,274
REGINA BELL	DIRECTOR	1.00	Director	$0	$0	$0
PAULA CUNNINGHAM	VICE CHAIR(E	1.00	Officer Director	$0	$0	$0
ROB FOWLER	DIRECTOR	1.00	Director	$0	$0	$0
CINDY GOODAKER	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL HILLEGONDS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LOYAL A ELDRIDGE III	DIRECTOR	1.00	Director	$0	$0	$0
SARAH WYCOFF MCCAULEY	VICE CHAIR(B	1.00	Officer Director	$0	$0	$0
PHILIP POWER	DIRECTOR	1.00	Director	$0	$0	$0
GLENDA D PRICE	DIRECTOR	1.00	Director	$0	$0	$0
DEVIN SCILLIAN	DIRECTOR(BEG	1.00	Director	$0	$0	$0
ROBERT SEESTADT	TREASURER(BE	1.00	Officer Director	$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	$5,280,443	$5,658,764	$12,994,181	$-378,321
2023	$2,664,896	$5,257,128	$13,042,518	$-2,592,232
2023	$2,664,896	$5,257,128	$13,042,518	$-2,592,232
2022	$7,693,331	$5,049,941	$15,627,587	$2,643,390
2021	$11,666,201	$4,605,101	$12,882,699	$7,061,100
2020	$4,069,600	$3,805,679	$6,750,146	$263,921
2019	$2,031,161	$2,725,819	$5,496,919	$-694,658
2018	$1,281,061	$2,580,954	$6,211,954	$-1,299,893

THE CENTER FOR MICHIGAN