MICHIGAN RETAILERS ASSOCIATION (EIN 380830085) - 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

1940

Legal Domicile

Principal Officer

WILLIAM J HALLAN

Phone

5173725656

Tax Period

2022-07-01 to 2023-06-30

MICHIGAN RETAILERS ASSOCIATION, founded in 1940, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2022. Expenses of $1.2M left a modest 9% surplus.

Mission

TO SERVE RETAIL MERCHANTS OF MICHIGAN IN AREAS OF COMMON BUSINESS INTERESTS INCLUDING LEGISLATIVE AND EDUCATIONAL NEEDS, MARKETING AND PROCESSING OF CREDIT CARD SALES, AND INSURANCE PROGRAMS.

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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 $0

Program Service Revenue $912,607

Investment Income $327,271

Other Revenue $58,556

TOTAL REVENUE $1,298,434

Expense Breakdown

Grants Paid $11,700

Salaries & Benefits $97,756

Fundraising Expenses $0

Other Expenses $1,070,630

TOTAL EXPENSES $1,180,086

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,298,434	$1,235,774	+0.1%
Expenses	$1,180,086	$1,156,985	+0.0%
Net Income	$118,348	$78,789	+0.5%

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

N/A

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

$1,965,028

Total Directors

$657,146

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM J HALLAN	PRESIDENT/CE	40.00	Officer Director	$0	$59,220	$540,359
THOMAS TUGGLE	SVP MEM & SA	40.00	Officer	$0	$96,226	$301,949
KURT DETTMER	SVP BUSINESS	40.00	Officer	$0	$44,831	$286,976
TOM CLEMENT	VP OP. & GEN	40.00	Officer	$0	$22,250	$247,300
AMY DRUMM	SVP GOVT AFF	40.00	Officer	$0	$21,164	$190,554
LAURA SCHILLING	VP UNDERWRIT	40.00	Officer	$0	$49,169	$172,538
CHERYL MEDLER	VP FINANCE	40.00	Officer	$0	$29,947	$163,792
JAMES P HALLAN	FORMER OFFIC	N/A		$0	$1,280	$113,768
ANDREA BITELY	VP COMM & MA	40.00	Officer	$0	$4,795	$61,560
PETER SOBELTON	BOARD TREASU	1.00	Director	$9,060	$1,280	$17,910
DAN MARSHALL	BOARD MEMBER	1.00	Director	$7,190	$1,280	$17,615
THOMAS UNGRODT	BOARD MEMBER	1.00	Director	$6,535	$1,280	$16,930
JOSEPH MCCURRY	BOARD MEMBER	1.00	Director	$9,665	$1,189	$10,854
ROBERT BRINES	PAST CHAIR	1.00	Director	$9,360	$1,280	$10,640
WILLIAM GOLDEN	CHAIR	1.00	Director	$8,405	$1,280	$9,685
BECKY BEAUCHINE KULKA	BOARD MEMBER	1.00	Director	$8,090	$1,047	$9,137
ORIN MAZZONI JR	BOARD MEMBER	1.00	Director	$7,065	$1,280	$8,345
KIMBERLY EDSENGA	BOARD MEMBER	1.00	Director	$5,615	$1,280	$6,895
BRYAN NEIMAN	VICE CHAIR	1.00	Director	$4,960	$1,280	$6,240
RAEANNE ROUSE	BOARD MEMBER	1.00	Director	$1,595	$941	$2,536

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,298,434	$1,180,086	$11,904,500	$118,348
2022	$1,235,774	$1,156,985	$9,941,282	$78,789
2021	$1,234,780	$1,132,879	$10,383,302	$101,901
2020	$1,283,878	$1,050,480	$8,079,189	$233,398
2019	$1,234,677	$1,111,545	$7,696,648	$123,132
2018	$2,168,921	$980,524	$7,310,820	$1,188,397

MICHIGAN RETAILERS ASSOCIATION