MICHIGAN STATE BAR FOUNDATION

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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

1947

Legal Domicile

Principal Officer

JENNIFER BENTLEY

Phone

5173466400

Tax Period

2024-10-01 to 2025-09-30

MICHIGAN STATE BAR FOUNDATION, founded in 1947, is a mid-sized nonprofit in the Crime & Legal sector that reported $25.6M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $23.9M left a modest 6% surplus.

Mission

THE MICHIGAN STATE BAR FOUNDATION PROVIDES LEADERSHIP AND GRANTS TO IMPROVE ACCESS FOR ALL TO THE JUSTICE SYSTEM, INCLUDING SUPPORT FOR CIVIL LEGAL AID FOR LOW-INCOME INDIVIDUALS, LAW-RELATED EDUCATION AND CONFLICT RESOLUTION.

Program Service Accomplishments

Program 1

Expenses: $14,297,836 Revenue: $14,929,046

IOLTA - INTEREST ON CERTAIN LAWYERS' POOLED ACCOUNTS DESIGNATED FOR GRANTS REGARDING IMPROVEMENTS IN THE ADMINISTRATION OF JUSTICE AND LEGAL SERVICES TO LOW-INCOME INDIVIDUALS. 14,425 ATTORNEYS...

IOLTA - INTEREST ON CERTAIN LAWYERS' POOLED ACCOUNTS DESIGNATED FOR GRANTS REGARDING IMPROVEMENTS IN THE ADMINISTRATION OF JUSTICE AND LEGAL SERVICES TO LOW-INCOME INDIVIDUALS. 14,425 ATTORNEYS PARTICIPATED.

Program 2

Expenses: $4,158,257

MSHDA - GRANTS AND RELATED EXPENSES REGARDING THE EVICTION DIVERSION PROGRAM.

Program 3

Expenses: $2,106,941

ACCESS TO JUSTICE - GRANTS AND RELATED EXPENSES REGARDING CIVIL LEGAL SERVICES TO LOW-INCOME INDIVIDUALS.

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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 $9,632,568

Program Service Revenue $14,988,947

Investment Income $931,160

Other Revenue $0

TOTAL REVENUE $25,552,675

Expense Breakdown

Grants Paid $22,176,612

Salaries & Benefits $413,679

Fundraising Expenses $34,215

Program Expenses $23,493,116

Other Expenses $1,328,027

TOTAL EXPENSES $23,918,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,552,675	$29,616,731	-0.1%
Expenses	$23,918,318	$13,778,507	+0.7%
Net Income	$1,634,357	$15,838,224	-0.9%

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

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

$397,690

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
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
NICOLE M WOTLINSKI	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
ROBERT F RILEY	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN E OSGOOD	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS R BEHM	TRUSTEE	1.00	Director	$0	$0	$0
RONDA L TATE TRUVILLION	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD K RAPPLEYE	TREASURER	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	47.00	Officer	$186,105	$34,321	$220,426
TRACI L THRANA-KUIPER	CFO	45.00	Officer	$131,455	$45,809	$177,264

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	$25,552,675	$23,918,318	$56,892,930	$1,634,357
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