MICHIGAN PRESS ASSOCIATION (EIN 381216132) - 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

1944

Legal Domicile

Principal Officer

JAMES TARRANT

Phone

5173722424

Tax Period

2023-09-01 to 2024-08-31

MICHIGAN PRESS ASSOCIATION, founded in 1944, is a small nonprofit that reported $276K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $319K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROMOTE THE GENERAL INTERESTS OF THE PRESS OF MICHIGAN; TO PROMOTE IMPROVED EDITORIAL AND BUSINESS METHODS IN THE PUBLISHING OF NEWSPAPERS; TO PROMOTE THE USEFULNESS AND INFLUENCE OF ALL NEWSPAPERS; TO CULTIVATE FRIENDLY RELATIONS AND A FRATERNAL SPIRIT AMONG THE MEMBERS AND TO PROMOTE AND MAINTAIN A HIGH STANDARD OF ETHICS IN THE NEWSPAPER PROFESSION.

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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 $377

Program Service Revenue $230,223

Investment Income $7,612

Other Revenue $37,899

TOTAL REVENUE $276,111

Expense Breakdown

Grants Paid $700

Salaries & Benefits $223,192

Fundraising Expenses $0

Other Expenses $95,597

TOTAL EXPENSES $319,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$276,111	$492,681	-0.4%
Expenses	$319,489	$328,960	0.0%
Net Income	$-43,378	$163,721	-1.3%

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

$79,313

Total Directors

$79,313

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC HAMP	PRESIDENT	1.00	Officer Director	$0	$0	$0
WES SMITH ENDED	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHANIE ANGEL	PRESIDENT-EL	1.00	Officer Director	$0	$0	$0
JIM SCHAEFER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN HINER	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN ELCHERT	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
PAUL HEIDBREDER ENDED	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
JUSTIN HINKLEY	DIRECTOR	1.00	Director	$0	$0	$0
CAROL STIFFLER	DIRECTOR	1.00	Director	$0	$0	$0
MARIIA SMAHLIUK	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY MCBAIN	DIRECTOR	1.00	Director	$0	$0	$0
LARRY SOBCZAK	DIRECTOR	1.00	Director	$0	$0	$0
ML ELRICK	DIRECTOR	1.00	Director	$0	$0	$0
KATE CAREY	DIRECTOR	1.00	Director	$0	$0	$0
GINA WILSON	DIRECTOR	1.00	Director	$0	$0	$0
BAN IBRAHIM	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HRYCKO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT DEWAELSCHE	DIRECTOR	1.00	Director	$0	$0	$0
SARA SCOTT ENDED	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WILCOX ENDED	DIRECTOR	1.00	Director	$0	$0	$0
JAMES TARRANT	EXECUTIVE DI	31.00	Officer Director	$79,313	$0	$79,313

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	$276,111	$319,489	$366,060	$-43,378
2023	$492,681	$328,960	$378,320	$163,721
2022	$417,856	$448,699	$302,675	$-30,843
2021	$398,252	$360,650	$442,452	$37,602
2020	$266,336	$343,751	$391,642	$-77,415
2019	$336,662	$417,524	$425,356	$-80,862

MICHIGAN PRESS ASSOCIATION