Michigan Propane Gas Association

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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

1950

Legal Domicile

Principal Officer

Scott Underwood

Tax Period

2023-01-01 to 2023-12-31

Michigan Propane Gas Association, founded in 1950, is a small nonprofit that reported $808K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

Represent, Promote & Better Michigans Propane Industry

Program Service Accomplishments

Program 1

Expenses: $226,895 Revenue: $275,440

Operate And Oversee The Appliance Rebate Program To Keep Appliances, Propane And Electric, Up To Date For Efficiency.

Program 2

Expenses: $65,892 Revenue: $80,150

Convention To Award Scholarships, Honor Outstanding Drivers, Promote The Industry, Promote Safety, Educate Members Regarding New Techniques & Advances In The Propane Industry.

Program 3

Expenses: $30,702 Revenue: $31,250

Publication Of Monthly Newsletter Propane Journal, Radio, Website & Billboards To Communicate With Members & General Public For Awareness & Membership Directory & Membership Campaign.

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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 $261,865

Program Service Revenue $67,045

Investment Income $13,428

Other Revenue $466,102

TOTAL REVENUE $808,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $365,260

Other Expenses $795,911

TOTAL EXPENSES $795,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$808,440	$1,264,612	-0.4%
Expenses	$795,911	$983,352	-0.2%
Net Income	$12,529	$281,260	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin DuBay	Membership Services	1.00	Director	$0	$0	$0
Jason Kratt	Michigan Propane Pac	1.00	Director	$0	$0	$0
Wayne Kohley	Government Affairs	1.00	Director	$0	$0	$0
Blaine Cronn	Marketing	1.00	Director	$0	$0	$0
Chad Krouse	Safety Compliance	1.00	Director	$0	$0	$0
Matt Parsch	Scholarship	1.00	Director	$0	$0	$0
Kristopher Bowman	Propane Emergency Response Ne	1.00	Director	$0	$0	$0
Brian Lincoln	Propane Emergencies Training	1.00	Director	$0	$0	$0
Kim Godlewski	Convention	1.00	Director	$0	$0	$0
David Long	NPGA Director	1.00	Director	$0	$0	$0
Derek E Dalling	Executive Director	5.00	Director	$0	$0	$0
Jim Zuck	Supplier	1.00	Director	$0	$0	$0
Scott Underwood	President	2.00	Officer	$0	$0	$0
Rob Vandemark	Immediate Past President	1.00	Officer	$0	$0	$0
Mike George	Treasurer	2.00	Officer	$0	$0	$0
Gerad Himebaugh	Secretary	1.00	Officer	$0	$0	$0
Randy Halstead	Vice President	2.00	Officer	$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	No data	No data	No data	No data
2023	$808,440	$795,911	$766,379	$12,529
2022	$1,264,612	$983,352	$750,160	$281,260
2021	$641,864	$512,782	$463,785	$129,082
2020	$328,429	$381,782	$339,876	$-53,353