MICHIGAN MANUFACTURERS ASSOCIATION (EIN 380828707) - 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

1923

Legal Domicile

Principal Officer

JOHN WALSH

Phone

5173725900

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN MANUFACTURERS ASSOCIATION, founded in 1923, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Net assets of $11.8M represent 58 months of operating reserves.

Mission

TO SECURE A PROSPEROUS FUTURE FOR MICHIGAN MANUFACTURERS THROUGH ADVOCACY AND OTHER SERVICES.

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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 $213,348

Program Service Revenue $2,088,351

Investment Income $94,066

Other Revenue $25,100

TOTAL REVENUE $2,420,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,520,928

Fundraising Expenses $0

Other Expenses $870,735

TOTAL EXPENSES $2,391,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,420,865	$2,297,134	+0.1%
Expenses	$2,391,663	$2,118,581	+0.1%
Net Income	$29,202	$178,553	-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

$380,713

Total Directors

$380,713

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN J WALSH	PRESIDENT/CEO	22.00	Officer Director	$215,120	$37,071	$380,713
MIKE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
ERLEND MYHRE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PALSROK	DIRECTOR	1.00	Director	$0	$0	$0
JAMES GREEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL SZYMANSKI	DIRECTOR	1.00	Director	$0	$0	$0
ANNMARIE TREGLIA	DIRECTOR	1.00	Director	$0	$0	$0
SRIKANTH MADDIPATI	DIRECTOR	1.00	Director	$0	$0	$0
JEFF STOUTENBURG	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE KNOL	DIRECTOR	1.00	Director	$0	$0	$0
DEX BATTISTA	DIRECTOR	1.00	Director	$0	$0	$0
TONY TRECAPELLI	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE W COOK III	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE G CRANDALL	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA AYERS	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY BERNIER	DIRECTOR	1.00	Director	$0	$0	$0
JILL DRALLE	DIRECTOR	1.00	Director	$0	$0	$0
MARK KRAMER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW PAUL	DIRECTOR (ENDED 6/24)	1.00	Director	$0	$0	$0
BRAD LAWTON	DIRECTOR (ENDED 6/24)	1.00	Director	$0	$0	$0
JOHN STEFKO	DIRECTOR (ENDED 5/24)	1.00	Director	$0	$0	$0
CARRIE RANDLES	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK CURRY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFF DANIEL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILLIAM HENDERSON III	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL D JOHNSTON	VP OF GOVT. AFFAIRS	35.00	Highest	$183,363	$25,986	$209,349
DELANEY MCKINLEY	VP OF OPERATIONS	20.00	Highest	$99,980	$18,730	$191,407
WILLIAM RAYL	EXECUTIVE DIR. OF WORKFORCE SOLUTIONS	35.00	Highest	$109,097	$30,368	$139,465
DAWN SCAVARDA	SENIOR DIRECTOR OF FINANCE & ADMIN	15.00	Highest	$51,251	$30,047	$149,514
DAVID WORTHAMS	DIRECTOR OF EMPLOYMENT POLICY	35.00	Highest	$102,934	$15,823	$118,757

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	$2,420,865	$2,391,663	$12,424,306	$29,202
2023	$2,297,134	$2,118,581	$11,181,315	$178,553
2022	$2,035,078	$1,974,850	$9,306,842	$60,228
2021	$2,162,147	$1,798,789	$10,684,318	$363,358
2020	$1,697,237	$1,596,086	$9,276,288	$101,151
2019	$1,885,186	$1,744,888	$8,164,447	$140,298
2018	$1,946,371	$1,846,050	$6,614,801	$100,321

MICHIGAN MANUFACTURERS ASSOCIATION