AFT MICHIGAN (EIN 381257213) - 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

1934

Legal Domicile

Principal Officer

TERRENCE MARTIN

Phone

3133932200

Tax Period

2024-07-01 to 2025-06-30

AFT MICHIGAN, founded in 1934, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO ADVANCE THE INTEREST OF MEMBERS AND THE EDUCATIONAL INSTITUTIONS IN WHICH THEY WORK

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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 $1,237,376

Program Service Revenue $4,063,125

Investment Income $99,825

Other Revenue $0

TOTAL REVENUE $5,400,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,678,419

Fundraising Expenses $0

Other Expenses $911,913

TOTAL EXPENSES $5,590,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,400,326	$5,742,565	-0.1%
Expenses	$5,590,332	$4,817,295	+0.2%
Net Income	$-190,006	$925,270	-1.2%

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

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

$167,823

Total Directors

$167,823

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRENCE MARTIN	PRESIDENT	40.60	Officer Director	$167,823	$0	$167,823
KIRSTEN HEROLD	SECRETARY-TR	0.20	Officer Director	$0	$0	$0
ANDELLA WHITE	DIRECTOR	0.20	Director	$0	$0	$0
ANKE WOLBERT	DIRECTOR	0.20	Director	$0	$0	$0
CHEYENNE HIBBITTS-KLEINER	DIRECTOR	0.20	Director	$0	$0	$0
CHRISTIAN NWAMBA	DIRECTOR	0.20	Director	$0	$0	$0
CHRISTINE OLDENBURG-MCGEE	DIRECTOR	0.20	Director	$0	$0	$0
DEBORAH KINGERY	DIRECTOR	0.20	Director	$0	$0	$0
ERIC RADER	DIRECTOR	0.60	Director	$0	$0	$0
JACQUELINE GOOSEN-MCPEAK	DIRECTOR	0.20	Director	$0	$0	$0
JASON POSEY	DIRECTOR	0.20	Director	$0	$0	$0
JENNI MOSS	DIRECTOR	0.20	Director	$0	$0	$0
JENNIFER MAAS	DIRECTOR	0.20	Director	$0	$0	$0
KATHI MARTIN	DIRECTOR	0.20	Director	$0	$0	$0
LAKIA WILSON-LUMPKINS	DIRECTOR	0.60	Director	$0	$0	$0
LINCOLN STOCKS	DIRECTOR	0.60	Director	$0	$0	$0
LORI CHAPMAN	DIRECTOR	0.20	Director	$0	$0	$0
MARCUS WALTON	DIRECTOR	0.20	Director	$0	$0	$0
PENNI TONEY	DIRECTOR	0.60	Director	$0	$0	$0
TERRY DEVLIN	DIRECTOR	0.20	Director	$0	$0	$0
TONI CORAL	DIRECTOR	0.20	Director	$0	$0	$0
VICTOR PEREIRA-RODRIGUEZ	DIRECTOR	0.20	Director	$0	$0	$0
NATHAN WALKER	STAFF REPRES	40.00	Highest	$152,715	$0	$152,715
AGATHA BUTTS-DIER	STAFF REPRES	40.00	Highest	$148,599	$0	$148,599
DAVID HECKER	PRESIDENT (F	0.00		$148,350	$0	$148,350
GARY WELLNITZ	STAFF REPRES	40.00	Highest	$147,297	$0	$147,297
CHARLES LOBAITO	CONTROLLER	40.00	Highest	$137,927	$0	$137,927

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	$5,400,326	$5,590,332	$3,985,395	$-190,006
2024	$5,742,565	$4,817,295	$3,880,787	$925,270
2023	$4,510,726	$4,973,120	$3,987,643	$-462,394
2022	$4,015,616	$3,886,771	$3,836,793	$128,845
2021	$3,924,941	$3,698,875	$3,872,321	$226,066
2021	$3,369,580	$3,059,631	$3,911,781	$309,949
2020	$3,383,586	$3,210,913	$3,382,566	$172,673
2020	$3,313,230	$3,210,915	$3,383,909	$102,315
2019	$3,363,560	$3,430,324	$3,006,943	$-66,764

AFT MICHIGAN