MICHIGAN STATE AFL-CIO BUILDING CORPORATION (EIN 381276085) - 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

1988

Legal Domicile

Principal Officer

DARYL NEWMAN

Phone

5174875966

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN STATE AFL-CIO BUILDING CORPORATION, founded in 1988, is a micro nonprofit that reported $94K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $180K exceeded revenue, resulting in a 92% operating deficit.

Mission

TITLE HOLDING CORPORATION TO ACCOUNT FOR THE PROPERTY OF THE MICHIGAN STATE AFL-CIO

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $93,524

TOTAL REVENUE $93,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,492

Fundraising Expenses $0

Other Expenses $141,493

TOTAL EXPENSES $179,985

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,524	$215,649	-0.6%
Expenses	$179,985	$167,033	+0.1%
Net Income	$-86,461	$48,616	-2.8%

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

$259,532

Total Directors

$259,532

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRANCE MARTIN	TRUSTEE	0.10	Director	$0	$0	$0
DREW KELLY	TRUSTEE	0.10	Director	$0	$0	$0
JOHN MICHALEC	TRUSTEE	0.10	Director	$0	$0	$0
RON BIEBER	PRESIDENT	0.10	Officer Director	$0	$8,461	$128,461
DARYL NEWMAN	SECRETARY-TREASURER	0.10	Officer Director	$0	$15,071	$131,071

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	No data	No data	No data	No data
2023	$93,524	$179,985	$193,633	$-86,461
2022	$215,649	$167,033	$195,810	$48,616
2021	$163,637	$164,141	$192,309	$-504
2020	$188,416	$194,118	$217,737	$-5,702
2019	$230,754	$230,955	$233,282	$-201
2018	$162,877	$164,545	$256,765	$-1,668

MICHIGAN STATE AFL-CIO BUILDING CORPORATION