Michigan State Employees Association (EIN 381401730) - 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

1950

Legal Domicile

Principal Officer

Erik Bailey

Phone

5173945900

Tax Period

2024-06-01 to 2025-05-31

Michigan State Employees Association, founded in 1950, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024.

Mission

The MSEA was established to engage in collective bargaining, promote the general welfare, advance and protect the rights, and promote the security of the membership.

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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 $150,000

Program Service Revenue $1,540,511

Investment Income $-51,342

Other Revenue $600

TOTAL REVENUE $1,639,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,036,149

Fundraising Expenses $0

Other Expenses $695,616

TOTAL EXPENSES $1,731,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,639,769	$1,703,296	0.0%
Expenses	$1,731,765	$1,684,390	+0.0%
Net Income	$-91,996	$18,906	-5.9%

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

$148,028

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Lounsbery	President	1.00	Officer Director	$0	$0	$0
Jacob Vansickle	Vice President	1.00	Officer Director	$0	$0	$0
Jon Busken	Treasurer	1.00	Officer Director	$0	$0	$0
Jacob Brown	Secretary	1.00	Officer Director	$0	$0	$0
Steve Boyer	Region Director	1.00	Director	$0	$0	$0
Jeff Reed	Region Director	1.00	Director	$0	$0	$0
Conner Hagen	Region Director	1.00	Director	$0	$0	$0
Jason DeChene	Region Director	1.00	Director	$0	$0	$0
Mark Sanchez	Region Director	1.00	Director	$0	$0	$0
Skyler Springer	Region Director	1.00	Director	$0	$0	$0
Ken Lacinski	Region Director	1.00	Director	$0	$0	$0
Erik Bailey	Executive Director	40.00	Officer	$127,375	$20,653	$148,028

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	$1,639,769	$1,731,765	$3,070,368	$-91,996
2024	$1,703,296	$1,684,390	$3,083,812	$18,906
2023	$1,375,288	$1,657,197	$2,786,670	$-281,909
2022	$1,409,348	$1,477,604	$3,018,914	$-68,256
2021	$1,529,011	$1,327,155	$3,235,743	$201,856
2020	$1,601,414	$1,148,710	$2,718,084	$452,704
2019	$1,752,859	$1,712,499	$2,231,223	$40,360
2018	$1,900,158	$1,908,150	$2,212,141	$-7,992

Michigan State Employees Association