MICHIGAN SOCIETY OF PROFESSIONAL ENGINEERS (EIN 381436123) - 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

1946

Legal Domicile

Principal Officer

BRIAN HANNON

Phone

5174879388

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN SOCIETY OF PROFESSIONAL ENGINEERS, founded in 1946, is a small nonprofit that reported $202K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 30% operating margin.

Mission

TO FOSTER LICENSED PROFESSIONAL ENGINEERS IN SERVICE TO SOCIETY

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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 $0

Program Service Revenue $171,006

Investment Income $31,348

Other Revenue $0

TOTAL REVENUE $202,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $140,973

TOTAL EXPENSES $140,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,354	$159,674	+0.3%
Expenses	$140,973	$162,952	-0.1%
Net Income	$61,381	$-3,278	-19.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN HANNON	PRESIDENT	2.00	Officer Director	$0	$0	$0
BOB NELESEN	PRESIDENT-EL	2.00	Officer Director	$0	$0	$0
JOHN BRADY	TREASURER	2.00	Officer Director	$0	$0	$0
MARTHA THOMPSON	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER BYLE	SECRETARY	2.00	Officer Director	$0	$0	$0
KURT LAFRANCE	PAST PRESIDE	1.00	Director	$0	$0	$0
JOHN CONDIE	NSPE DELEGAT	1.00	Director	$0	$0	$0
KATE HENNICKEN	E REGION VP	1.00	Director	$0	$0	$0
JUSTIN FUDGE	MID-MI REGIO	1.00	Director	$0	$0	$0
STEPHEN BATZER	N REGION VP	1.00	Director	$0	$0	$0
TANNER KRAGENBRINK	THUMB REGION	1.00	Director	$0	$0	$0
IVAN IVANOV	W REGION VP	1.00	Director	$0	$0	$0
MIKE SCHWARTZ	AT-LARGE VP	1.00	Director	$0	$0	$0
KEITH MARTINEZ	PROFESSIONAL	1.00	Director	$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
2024	$202,354	$140,973	$734,496	$61,381
2023	$159,674	$162,952	$642,451	$-3,278
2022	$158,355	$125,537	$549,717	$32,818
2021	$184,947	$104,238	$599,233	$80,709
2020	$182,832	$96,240	$501,655	$86,592

MICHIGAN SOCIETY OF PROFESSIONAL ENGINEERS