LEADINGAGE MICHIGAN EDUCATIONAL FOUNDATION (EIN 371432962) - 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

1999

Legal Domicile

Principal Officer

DAVID HERBEL

Phone

5173233687

Tax Period

2022-07-01 to 2023-06-30

LEADINGAGE MICHIGAN EDUCATIONAL FOUNDATION, founded in 1999, is a small nonprofit in the Education sector that reported $408K in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO CARRY ON EDUCATIONAL ACTIVITIES RELATING TO HOUSING, SUPPORTED LIVING, AND LONG-TERM NURSING AND OTHER HEALTH CARE FOR THE ELDERLY AND DISABLED.

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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 $85,590

Program Service Revenue $202,603

Investment Income $0

Other Revenue $119,550

TOTAL REVENUE $407,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,046

Fundraising Expenses $0

Program Expenses $252,380

Other Expenses $308,377

TOTAL EXPENSES $447,423

Year-over-Year Comparison

	2022	2021	Change
Revenue	$407,743	$353,257	+0.2%
Expenses	$447,423	$559,852	-0.2%
Net Income	$-39,680	$-206,595	-0.8%

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

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

$384,104

Total Directors

$384,104

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HERBEL	PRESIDENT	3.00	Officer Director	$0	$40,732	$384,104
DANA PRINCE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
DAVE BOS	CHAIR	3.00	Officer Director	$0	$0	$0
JAMIE LALONDE	DIRECTOR	3.00	Director	$0	$0	$0
KARI RENNIE	DIRECTOR	3.00	Director	$0	$0	$0
TIM STOLL	DIRECTOR	3.00	Director	$0	$0	$0
JULIA WELLINGS	DIRECTOR	3.00	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	No data	No data	No data	No data
2023	$407,743	$447,423	$118,680	$-39,680
2022	$353,257	$559,852	$48,080	$-206,595
2021	$161,616	$483,782	$57,728	$-322,166
2020	$275,478	$571,322	$148,972	$-295,844
2019	$594,194	$690,191	$285,896	$-95,997
2018	$471,224	$726,293	$146,094	$-255,069

LEADINGAGE MICHIGAN EDUCATIONAL FOUNDATION