Family Promise of Mid Michigan (EIN 364747380) - 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

2012

Legal Domicile

Tax Period

2022-10-01 to 2023-09-30

Family Promise of Mid Michigan, founded in 2012, is a small nonprofit in the Human Services sector that reported $288K in total revenue in fiscal year 2022. Expenses of $248K left a modest 14% surplus.

Mission

Family Promise of Mid Michigan works with families that are struggling to live independently on their own are currently homeless or in danger of being homeless. We use a network of partners and community resources faith based organizations to end homelessness one family at a time.

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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 (2022)

Revenue Breakdown

Contributions & Grants $267,332

Program Service Revenue $0

Investment Income $85

Other Revenue $21,055

TOTAL REVENUE $288,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,185

Fundraising Expenses $14,668

Program Expenses $127,368

Other Expenses $138,945

TOTAL EXPENSES $248,130

Year-over-Year Comparison

	2022	2021	Change
Revenue	$288,472	N/A	N/A
Expenses	$248,130	N/A	N/A
Net Income	$40,342	N/A	N/A

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

250

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

Total Directors

$56,160

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tiffani Wharry	Executive Director	50.00	Director	$56,160	$0	$56,160
Phil Stadler	Director	1.00	Director	$0	$0	$0
Robbie Carnes	Director	1.00	Director	$0	$0	$0
Lisa Savaosky	Director	1.00	Director	$0	$0	$0
Montrice Walker Sanders	Director	1.00	Director	$0	$0	$0
Anne Figueroa	Chair	1.00	Officer	$0	$0	$0
Dave Rayner	Vice Chair	1.00	Officer	$0	$0	$0
Sonja Markwart	Secretary	1.00	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
2023	$288,472	$248,130	$94,640	$40,342
2018	$173,237	$182,812	$137,603	$-9,575

Family Promise of Mid Michigan