THE MIGHELL FUND INC (EIN 361868692) - 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

1964

Principal Officer

ALEX HAUGHEE

Phone

6308965031

Tax Period

2024-07-01 to 2025-06-30

THE MIGHELL FUND INC, founded in 1964, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Expenses of $2.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MIGHELL FUND'S PURPOSE IS TO PROVIDE A SECURE ENVIRONMENT FOR ACTIVE, MATURE ADULTS WHO WANT TO LIVE INDEPENDENTLY, WHERE INDIVIDUALISM IS ENCOURAGED AND RESPECTED.

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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 $24,293

Program Service Revenue $1,667,561

Investment Income $140,412

Other Revenue $80,484

TOTAL REVENUE $1,912,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,213,460

Fundraising Expenses $2,561

Program Expenses $1,803,804

Other Expenses $954,843

TOTAL EXPENSES $2,168,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,912,750	$1,859,107	+0.0%
Expenses	$2,168,303	$2,093,862	+0.0%
Net Income	$-255,553	$-234,755	+0.1%

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

$107,357

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX HAUGHEE	EXECUTIVE DI	40.00	Officer	$104,191	$3,166	$107,357
AMY BAUDOUIN	DIRECTOR	1.00	Director	$0	$0	$0
STEWART BEACH	DIRECTOR	2.00	Officer Director	$0	$0	$0
JOHN CORDOGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATHEW DARLING	SECRETARY	1.00	Director	$0	$0	$0
BRIAN KONEN	DIRECTOR	1.00	Director	$0	$0	$0
KATHI LIMOGES	DIRECTOR	1.00	Director	$0	$0	$0
JANET MOMPER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA PILMER	VICE PRES.	2.00	Officer Director	$0	$0	$0
MARK TRUEMPER	TREASURER	2.00	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
2025	$1,912,750	$2,168,303	$3,727,109	$-255,553
2024	$1,859,107	$2,093,862	$3,976,280	$-234,755
2023	$1,762,422	$2,052,605	$3,982,315	$-290,183
2022	$1,773,902	$1,880,018	$4,077,697	$-106,116
2021	$1,915,606	$1,851,725	$4,619,596	$63,881
2020	$1,554,178	$1,769,633	$4,255,574	$-215,455
2019	$1,577,910	$1,673,675	$4,220,032	$-95,765

THE MIGHELL FUND INC