Easter Seals - Michigan Inc (EIN 381402860) - 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

1920

Legal Domicile

Principal Officer

Brent Wirth

Phone

2484756400

Tax Period

2023-10-01 to 2024-09-30

Easter Seals - Michigan Inc, founded in 1920, is a mid-sized nonprofit in the Human Services sector that reported $79.3M in total revenue in fiscal year 2023. Expenses of $69.6M left a modest 12% surplus.

Mission

Easterseals Michigan's purpose is to lead the way to 100% equity, inclusion, and access for people with disabilities, families, and communities.

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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 $6,427,067

Program Service Revenue $70,505,320

Investment Income $1,172,161

Other Revenue $1,179,192

TOTAL REVENUE $79,283,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,958,715

Fundraising Expenses $801,858

Program Expenses $62,677,160

Other Expenses $12,596,533

TOTAL EXPENSES $69,555,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,283,740	$73,437,537	+0.1%
Expenses	$69,555,248	$61,987,950	+0.1%
Net Income	$9,728,492	$11,449,587	-0.2%

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

807

Volunteers

150

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

$672,315

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Jacobson	Chairperson	1.00	Officer Director	$0	$0	$0
Elizabeth Pyden	Vice Chairperson	1.00	Officer Director	$0	$0	$0
Emil Kreycik	Treasurer	1.00	Officer Director	$0	$0	$0
LaToya Stroker	Secretary	1.00	Officer Director	$0	$0	$0
Scott Barnett	Board Member	1.00	Director	$0	$0	$0
David Benoit	Board Member	1.00	Director	$0	$0	$0
John Byrne	Board Member	1.00	Director	$0	$0	$0
Dr Sam Flanders	Board Member	1.00	Director	$0	$0	$0
Ken Gabriel	Board Member	1.00	Director	$0	$0	$0
Paul PJ Haviland	Board Member	1.00	Director	$0	$0	$0
John Lieblang	Board Member	1.00	Director	$0	$0	$0
John Keegan	board Member	1.00	Director	$0	$0	$0
Annette Marcath	Board Member	1.00	Director	$0	$0	$0
Peter McElroy	Board Member	1.00	Director	$0	$0	$0
Dr Lynda Misra	Board Member	1.00	Director	$0	$0	$0
Juanita Savage	Board Member	1.00	Director	$0	$0	$0
Jason Slocum	Board Member	1.00	Director	$0	$0	$0
Julia Swanson	Board Member	1.00	Director	$0	$0	$0
Matt VanHaaren	Board Member	1.00	Director	$0	$0	$0
John Zerbo	Board Member	1.00	Director	$0	$0	$0
Brent Wirth	President/CEO	40.00	Officer	$384,025	$43,454	$427,479
Ronald S Hocking	Chief Finance Officer	40.00	Officer	$212,229	$12,728	$224,957
Cynthia A Szcur	CFO/Chief Finance Officer	40.00	Officer	$19,876	$3	$19,879
Jeffrey Guina	Chief Medical Officer	40.00	Highest	$339,230	$40,195	$379,425
Meena Nannapaneni	Child Psychiatrist	40.00	Highest	$294,909	$15,759	$310,668
Richard Linsk	Psychiatrist-Child	40.00	Highest	$285,148	$0	$285,148
Dr Monica Smith	Child Psychiatrist	40.00	Highest	$260,518	$18,693	$279,211
Jennifer Lee-Schroeder	Adult Psychiatrist	40.00	Highest	$251,470	$35,980	$287,450

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	$79,283,740	$69,555,248	$61,648,305	$9,728,492
2023	$73,437,537	$61,987,950	$50,341,000	$11,449,587
2022	$58,398,151	$51,799,919	$35,605,524	$6,598,232
2021	$63,935,815	$44,415,670	$32,930,260	$19,520,145
2020	$40,285,510	$39,994,706	$17,680,510	$290,804
2019	$37,392,224	$36,705,756	$10,927,950	$686,468
2018	$43,347,671	$42,877,719	$11,291,169	$469,952

Easter Seals - Michigan Inc