AMERICAN DAIRY ASSN OF MICHIGAN INC (EIN 380296665) - 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

1942

Legal Domicile

Principal Officer

CORBY WERTH

Phone

5173498923

Tax Period

2025-01-01 to 2025-12-31

AMERICAN DAIRY ASSN OF MICHIGAN INC, founded in 1942, is a mid-sized nonprofit that reported $12.5M in total revenue in fiscal year 2025. Expenses of $12.2M left a modest 3% surplus.

Mission

TO PROMOTE THE DAIRY INDUSTRY IN COOPERATION WITH OTHER STATES AND ORGANIZATIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,496,880

Investment Income $23,882

Other Revenue $24,035

TOTAL REVENUE $12,544,797

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,624,996

Fundraising Expenses $0

Other Expenses $9,540,951

TOTAL EXPENSES $12,165,947

Year-over-Year Comparison

	2025	2024	Change
Revenue	$12,544,797	$12,629,042	0.0%
Expenses	$12,165,947	$12,439,280	0.0%
Net Income	$378,850	$189,762	+1.0%

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

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

$323,997

Total Directors

$8,109

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORBY WERTH	PRESIDENT	1.00	Officer Director	$8,109	$0	$8,109
ASHLEY KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN PRESTON	DIRECTOR	1.00	Director	$0	$0	$0
KRIS WARDIN	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
RANDY TENBRINK	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LONDON	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY COSTARIS	DIRECTOR	1.00	Director	$0	$0	$0
BEN SCHAENDORF	DIRECTOR	1.00	Director	$0	$0	$0
ART RISKE	DIRECTOR	1.00	Director	$0	$0	$0
KATELYN PACKARD	DIRECTOR	1.00	Director	$0	$0	$0
KATRIEN DEVOS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN DEMANN	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN HULL	DIRECTOR	1.00	Director	$0	$0	$0
JP KOOP	DIRECTOR	1.00	Director	$0	$0	$0
KENT FOLKEMA	DIRECTOR	1.00	Director	$0	$0	$0
ERIC CRAWFORD	DIRECTOR	1.00	Director	$0	$0	$0
BJ EISENGA	DIRECTOR	1.00	Director	$0	$0	$0
JOEL EIGENBROOD	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW FOLKEMA	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE BENTHEM	DIRECTOR	1.00	Director	$0	$0	$0
DEAN ANGOTT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN WEBER	DIRECTOR	1.00	Director	$0	$0	$0
BURKE LARSEN	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT LAMB	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MELISSA GERHARTER	CEO	34.60	Officer	$270,992	$44,896	$315,888
KIMBERLY MATHEWS	VP FINANCE AND ADMIN	26.00	Highest	$154,940	$38,628	$193,568
SARAH WOODSIDE	VP MARKETING & COMMS	37.50	Highest	$121,165	$45,434	$166,599
CORTNEY FREELAND	VP OUTREACH & ENGAGEMENT	37.50	Highest	$115,256	$20,236	$135,492
JOLENE GRIFFIN	VP OF INDUSTRY RELATIONS	37.50	Highest	$111,055	$21,054	$132,109

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	$12,544,797	$12,165,947	$5,683,751	$378,850
2024	No data	No data	No data	No data
2023	$11,235,571	$10,354,505	$5,119,561	$881,066
2022	$7,004,642	$6,809,806	$4,130,751	$194,836
2021	$8,317,997	$7,621,382	$3,921,233	$696,615
2020	$7,876,835	$7,121,397	$3,226,542	$755,438
2019	$7,693,489	$7,385,895	$2,977,960	$307,594
2018	$8,853,749	$7,816,360	$2,911,956	$1,037,389

AMERICAN DAIRY ASSN OF MICHIGAN INC