MICHIGAN COMMUNITY CAPITAL (EIN 331068719) - 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

2003

Legal Domicile

Principal Officer

ADRIANNE JENKINS

Phone

5173340545

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN COMMUNITY CAPITAL, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Net assets of $14.3M represent 26 months of operating reserves.

Mission

THE MISSION OF MICHIGAN COMMUNITY CAPITAL IS TO PROVIDE LOW-COST, FLEXIBLE FINANCIAL PRODUCTS COUPLED WITH ADVISORY SERVICES TO CREATE AND PRESERVE AFFORDABLE HOUSING AND INVEST IN JOB-CREATING, COMMUNITY-DRIVEN ECONOMIC DEVELOPMENT PROJECTS FOR THE BENEFIT OF LOW-AND MODERATE INCOME RESIDENTS AND COMMUNITIES IN MICHIGAN.

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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 $1,442,476

Program Service Revenue $4,368,761

Investment Income $180,746

Other Revenue $669,388

TOTAL REVENUE $6,661,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,516,321

Fundraising Expenses $0

Program Expenses $6,739,915

Other Expenses $5,727,430

TOTAL EXPENSES $7,243,751

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,661,371	$4,447,895	+0.5%
Expenses	$7,243,751	$6,040,435	+0.2%
Net Income	$-582,380	$-1,592,540	-0.6%

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

$846,007

Total Directors

$281,644

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC HANNA	PRESIDENT & CEO; DIRECTOR	45.00	Officer Director	$244,209	$37,435	$281,644
MARK MORANTE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARY KING	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JAMIE SCHRINER	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD HOSEY	SECRETARY	1.00	Officer Director	$0	$0	$0
KARL DORSHIMER	DIRECTOR	1.00	Director	$0	$0	$0
MARK MCDANIEL	DIRECTOR	1.00	Director	$0	$0	$0
ELISSA SANGALLI	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA VENTURA	DIRECTOR	1.00	Director	$0	$0	$0
KARA WOOD	DIRECTOR	1.00	Director	$0	$0	$0
DOUG BARCY	DIRECTOR	1.00	Director	$0	$0	$0
JIM ANANICH	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE OSTERLAND	DIRECTOR	1.00	Director	$0	$0	$0
BRAD HEFFNER	DIRECTOR	1.00	Director	$0	$0	$0
ADRIANNE JENKINS	CFO / COO	45.00	Officer	$196,456	$33,133	$229,589
MARILYN CHRUMKA	VICE PRESIDENT OF DEVELOPMENT	45.00	Officer	$162,190	$18,619	$180,809
ELISABETH ALEXANDRIAN	VICE PRESIDENT OF LENDING	45.00	Officer	$121,320	$32,645	$153,965
BRANDON MILLER	DIRECTOR OF PROPERTY MAINTENANCE	40.00	Highest	$119,111	$26,666	$145,777

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	$6,661,371	$7,243,751	$66,808,969	$-582,380
2022	$4,447,895	$6,040,435	$77,994,723	$-1,592,540
2021	$9,741,868	$3,845,636	$62,179,467	$5,896,232
2020	$3,737,937	$2,728,877	$46,928,937	$1,009,060
2019	$2,972,593	$1,316,668	$35,225,084	$1,655,925
2018	$2,436,493	$2,522,623	$16,040,082	$-86,130

MICHIGAN COMMUNITY CAPITAL