MICHIGAN FUNERAL DIRECTORS ASSN INC

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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

1943

Legal Domicile

Principal Officer

PHIL DOUMA

Phone

5173499565

Tax Period

2025-01-01 to 2025-12-31

MICHIGAN FUNERAL DIRECTORS ASSN INC, founded in 1943, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2025. Net assets of $4.8M represent 31 months of operating reserves.

Mission

THE ASSOCIATION SEEKS TO ENHANCE THE VALUE OF FUNERAL SERVICE AND THE PROFESSION THROUGH GOVERNMENT ADVOCACY, PUBLIC INFORMATION, PROFESSIONAL EDUCATION AND MEMBER COMMUNICATION PROGRAMS.

Program Service Accomplishments

Program 1

PROVIDE PROFESSIONAL EDUCATION PROGRAMMING TO FUNERAL DIRECTORS ACROSS THE STATE THROUGH: SIX SEPARATE PROFESSIONAL EDUCATION PROGRAMS CONDUCTED IN CONJUNCTION WITH AN ANNUAL CONVENTION AND...

PROVIDE PROFESSIONAL EDUCATION PROGRAMMING TO FUNERAL DIRECTORS ACROSS THE STATE THROUGH: SIX SEPARATE PROFESSIONAL EDUCATION PROGRAMS CONDUCTED IN CONJUNCTION WITH AN ANNUAL CONVENTION AND EXPOSITION. THE ANNUAL CONVENTION AND EXPOSITION WAS ATTENDED BY 250 FUNERAL DIRECTOR MEMBERS AND 200 EXHIBITORS OF PRODUCTS AND SERVICES TO FUNERAL DIRECTORS. ALSO CONDUCTED A PROGRAM CONSISTING OF ONE EDUCATION SESSION IN FIVE LOCATIONS ACROSS MI.

Program 2

ADVOCATED ISSUES OF IMPORTANCE TO FUNERAL DIRECTORS BEFORE STATE LEGISLATIVE AND EXECUTIVE POLICYMAKERS.

Program 3

KEPT MEMBERS APPRISED OF DEVELOPMENTS IN THE FUNERAL SERVICE PROFESSION THROUGH A MONTHLY ELECTRONIC NEWSLETTER AND SEVERAL EMAIL UPDATES.

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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 $804,512

Investment Income $152,103

Other Revenue $885,958

TOTAL REVENUE $1,842,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,193,155

Fundraising Expenses $0

Other Expenses $760,620

TOTAL EXPENSES $1,953,775

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,842,573	$1,763,009	+0.0%
Expenses	$1,953,775	$1,853,211	+0.1%
Net Income	$-111,202	$-90,202	+0.2%

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

$545,297

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES T MEYER CFSP MBIE	DIRECTOR	2.00	Director	$0	$0	$0
MARK RANSFORD CFSP	DIRECTOR	2.00	Director	$0	$0	$0
OZIE PYE IV	DIRECTOR	2.00	Director	$0	$0	$0
RYAN DRAKE	DIRECTOR	2.00	Director	$0	$0	$0
KEITH ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL KOLB CFSP	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTY JONKHOFF CFSP	DIRECTOR	2.00	Director	$0	$0	$0
MARK EVELY CFSP	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
KATHLENE RODGERS CFSP CMFP	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
SARAH JENSEN-VATTAR	PRESIDENT	2.00	Officer Director	$0	$0	$0
GREGORY MCCLARY CFSP	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
PHILIP DOUMA	EXECUTIVE DIRECTOR	40.00	Officer	$149,640	$85,628	$384,908
THERESA GRABINSKI	FINANCE DIRECTOR	40.00	Officer	$90,383	$59,964	$160,389

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	$1,842,573	$1,953,775	$5,090,344	$-111,202
2024	$1,763,009	$1,853,211	$4,827,749	$-90,202
2023	$2,491,808	$1,777,835	$4,572,827	$713,973
2022	$1,868,539	$1,754,849	$4,147,585	$113,690
2021	$1,654,544	$1,519,944	$4,838,666	$134,600
2020	$1,555,016	$1,370,489	$4,105,867	$184,527
2019	$1,721,205	$1,684,196	$3,595,101	$37,009
2018	$1,659,362	$1,644,738	$3,105,466	$14,624