MICHIGAN TRUCKING ASSOCIATION INC (EIN 380831410) - 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

1933

Legal Domicile

Principal Officer

JILL SOKACZ

Phone

5173211951

Tax Period

2023-07-01 to 2024-06-30

MICHIGAN TRUCKING ASSOCIATION INC, founded in 1933, is a small nonprofit that reported $479K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $597K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO ADVANCE THE WELFARE & INTERESTS OF THE INDUSTRY & TO FOSTER FRIENDSHIP AMONG MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $129,836

Program Service Revenue $290,427

Investment Income $50,058

Other Revenue $8,535

TOTAL REVENUE $478,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,482

Fundraising Expenses $0

Other Expenses $310,648

TOTAL EXPENSES $597,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$478,856	$330,684	+0.4%
Expenses	$597,130	$530,657	+0.1%
Net Income	$-118,274	$-199,973	-0.4%

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

$155,151

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL SOKACZ	PRESIDENT & CEO	40.00	Officer	$123,693	$31,458	$155,151
ANDREW PERDOK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MENKE	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD QUARLES	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN BRINK	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL HEINOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY KORDISH	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT YEAGER	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY LARSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM HYSONG	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE OLDENBROEK	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD WILLCUTT	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHON CHOWANSKY	BOARD MEMBER (ENDED 01/24)	1.00	Director	$0	$0	$0
CHERYL LATHWELL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
EVAN STOUTEN	ATA STATE VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GLEN MERKEL	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
EDWARD EBERLE	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN HITCHCOCK	CHAIRMAN	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$478,856	$597,130	$3,762,196	$-118,274
2023	$330,684	$530,657	$3,726,111	$-199,973
2022	$158,897	$508,895	$3,853,627	$-349,998
2021	$244,874	$594,273	$4,301,393	$-349,399
2020	$256,655	$615,342	$4,294,119	$-358,687
2019	$298,932	$490,882	$4,687,090	$-191,950

MICHIGAN TRUCKING ASSOCIATION INC