MICHIGAN ASSN OF FAIRS & EXHIBITIONS (EIN 381566460) - 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

1954

Legal Domicile

Principal Officer

Vickie Micheau

Phone

5173174544

Tax Period

2024-09-01 to 2025-08-31

MICHIGAN ASSN OF FAIRS & EXHIBITIONS, founded in 1954, is a small nonprofit that reported $274K in total revenue in fiscal year 2024.

Mission

Educational services for non-profit agricultural fairs and events in Michigan

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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 $54,550

Program Service Revenue $199,231

Investment Income $3,492

Other Revenue $16,447

TOTAL REVENUE $273,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,780

Fundraising Expenses $0

Program Expenses $0

Other Expenses $209,585

TOTAL EXPENSES $266,365

Year-over-Year Comparison

	2024	2023	Change
Revenue	$273,720	$274,669	0.0%
Expenses	$266,365	$233,724	+0.1%
Net Income	$7,355	$40,945	-0.8%

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

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
Karen M Klug	Treasurer - Zone 1 Director	2.00	Officer Director	$0	$0	$0
LC Scramlin	Zone 2 Director	2.00	Director	$0	$0	$0
John Currie	Vice President - Zone 3 Director	2.00	Officer Director	$0	$0	$0
Valerie Newton	Secretary - Zone 4 Director	2.00	Officer Director	$0	$0	$0
Carolyn Woodhams	Zone 5 Director	2.00	Director	$0	$0	$0
Vickie Micheau	President - Zone 6 Director	2.00	Officer Director	$0	$0	$0
Agnes Shaw	Director at Large	2.00	Director	$0	$0	$0
Ian Kempf	Director at Large	2.00	Director	$0	$0	$0
Matt Kempf	Director at Large	2.00	Director	$0	$0	$0
MacKenzie Bowman	Festival Representative	2.00	Director	$0	$0	$0
Doug Burtch	Asssociate Representative	2.00	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
2025	$273,720	$266,365	$145,125	$7,355
2024	$274,669	$233,724	$136,116	$40,945
2023	$225,195	$234,726	$94,049	$-9,531
2023	$228,508	$235,717	$94,558	$-7,209
2022	$191,134	$218,225	$105,096	$-27,091
2021	$51,318	$108,320	$131,396	$-57,002
2020	$221,353	$212,536	$186,434	$8,817

MICHIGAN ASSN OF FAIRS & EXHIBITIONS