MICHIGAN STATE BAR FOUNDATION (EIN 381459016) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Principal Officer

JENNIFER BENTLEY

Phone

5173466400

Tax Period

2023-10-01 to 2024-09-30

MICHIGAN STATE BAR FOUNDATION, founded in 1947, is a mid-sized nonprofit in the Crime & Legal sector that reported $29.6M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.8M, a strong 53% operating margin.

Mission

TO PROMOTE IMPROVEMENTS IN THE ADMINISTRATION OF JUSTICE IN THE STATE OF MICHIGAN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,245,293

Program Service Revenue $18,263,729

Investment Income $1,107,709

Other Revenue $0

TOTAL REVENUE $29,616,731

Expense Breakdown

Grants Paid $12,489,673

Salaries & Benefits $357,064

Fundraising Expenses $41,611

Program Expenses $13,687,707

Other Expenses $931,770

TOTAL EXPENSES $13,778,507

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,616,731	$19,857,772	+0.5%
Expenses	$13,778,507	$14,032,060	0.0%
Net Income	$15,838,224	$5,825,712	+1.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$270,004

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN E OSGOOD	TRUSTEE	1.00	Director	$0	$0	$0
KAREN LEPPANEN MILLER	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN G HOWELL	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL L PITT	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS W CRANMER	TRUSTEE	1.00	Director	$0	$0	$0
HON WILLIAM B MURPHY	TRUSTEE	1.00	Director	$0	$0	$0
W ANTHONY JENKINS	TRUSTEE	1.00	Director	$0	$0	$0
HON VICTORIA A ROBERTS	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD A SOBLE	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS R BEHM	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT F RILEY	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD K RAPPLEYE	TREASURER	1.00	Officer Director	$0	$0	$0
RONDA L TATE TRUVILLION	SECRETARY	1.00	Officer Director	$0	$0	$0
JULIE I FERSHTMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG H LUBBEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER S BENTLEY	EXECUTIVE DIRECTOR, ASST SEC/TREAS	50.00	Officer	$175,423	$26,871	$202,294
TRACI L THRANA-KUIPER	CFO	45.00	Officer	$42,500	$25,210	$67,710
LAURA C MUSACHIO	ATJ CAMPAIGN COORDINATOR	45.00	Highest	$102,555	$27,730	$130,285

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	$29,616,731	$13,778,507	$40,164,129	$15,838,224
2023	$19,857,772	$14,032,060	$19,720,425	$5,825,712
2022	$12,794,353	$13,406,074	$11,655,602	$-611,721
2021	$12,232,628	$12,229,382	$14,254,116	$3,246
2020	$5,949,555	$5,822,816	$14,729,028	$126,739
2019	$3,371,017	$3,811,597	$13,976,475	$-440,580
2018	$4,672,736	$3,252,949	$15,653,289	$1,419,787

MICHIGAN STATE BAR FOUNDATION