NAIFA-MICHIGAN (EIN 381605818) - 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

1929

Legal Domicile

Principal Officer

SCOTT EMBREE

Phone

5176683960

Tax Period

2023-01-01 to 2023-12-31

NAIFA-MICHIGAN, founded in 1929, is a small nonprofit that reported $125K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $152K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE MISSION OF THE ASSOCIATION IS TO ADVOCATE FOR A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT.ENHANCE BUSINESS AND PROFESSIONAL SKILLS AND PROMOTE ETHICAL CONDUCT OF OUR MEMBERS

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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 $104,216

Program Service Revenue $18,301

Investment Income $2,064

Other Revenue $889

TOTAL REVENUE $125,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,521

Fundraising Expenses $0

Other Expenses $81,219

TOTAL EXPENSES $151,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,470	$145,956	-0.1%
Expenses	$151,740	$154,116	0.0%
Net Income	$-26,270	$-8,160	+2.2%

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

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
SCOTT EMBREE	PRESIDENT	3.00	Officer	$0	$0	$0
RICH GARCIA	PRESIDENT-ELECT	3.00	Officer	$0	$0	$0
STEVE BERG	SECRETARY/TREASURER	3.00	Officer	$0	$0	$0
MARK A STRAAT	NAT'L COMM CHAIR	3.00	Officer	$0	$0	$0
RANDALL BALL	IMM PAST PRESIDENT	3.00	Officer	$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
2023	$125,470	$151,740	$54,650	$-26,270
2022	$145,956	$154,116	$76,775	$-8,160
2021	$126,467	$160,567	$93,861	$-34,100
2020	$108,958	$114,428	$123,345	$-5,470
2019	$197,508	$175,039	$154,868	$22,469

NAIFA-MICHIGAN