WALDORF SCHOOL ASSOCIATION OF MICH (EIN 381790921) - 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

1964

Legal Domicile

Principal Officer

BEN LINSTROM

Phone

3138220300

Tax Period

2024-07-01 to 2025-06-30

WALDORF SCHOOL ASSOCIATION OF MICH, founded in 1964, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $3.5M left a modest 5% surplus.

Mission

DETROIT WALDORF SCHOOL IS A NONPROFIT EDUCATIONAL COMMUNITY WHOSE MISSION IS TO INSPIRE AND EMPOWER A DIVERSE POPULATION OF STUDENTS TO REACH THEIR FULLEST POTENTIAL AS CREATIVE, COLLABORATIVE, AND RESPONSIBLE GLOBAL CITIZENS.

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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 $362,432

Program Service Revenue $3,120,241

Investment Income $156,252

Other Revenue $-4,549

TOTAL REVENUE $3,634,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,660,275

Fundraising Expenses $200,765

Program Expenses $2,558,535

Other Expenses $805,965

TOTAL EXPENSES $3,466,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,634,376	$4,031,596	-0.1%
Expenses	$3,466,240	$3,357,116	+0.0%
Net Income	$168,136	$674,480	-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

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

$224,239

Total Directors

$168,345

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN TROMBLY	TRSTEE/FACUL	3.00	Director	$62,300	$20,318	$82,618
HELENA MITCHELL	INTERIM COLL	3.00	Officer	$63,100	$18,102	$81,202
JULIA BARYO	TRSTEE/COLLE	3.00	Director	$62,130	$16,935	$79,065
BEN LINSTROM	ADMINISTRATI	3.00	Officer	$57,500	$16,884	$74,384
PEGGY HALLORAN	FINANCE DIRE	3.00	Officer	$66,280	$2,373	$68,653
LINDA WILLIAMS	TRUSTEE/IND.	3.00	Director	$6,662	$0	$6,662
GUILHERME BARBOSA	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
ANGELLA DURKIN	TREASURER	6.00	Officer Director	$0	$0	$0
PIERRE HADEN	TRUSTEE	3.00	Director	$0	$0	$0
JUMAH HAMILTON	SECRETARY	3.00	Officer Director	$0	$0	$0
CAROL HILL	FORMER SECRE	3.00	Officer Director	$0	$0	$0
DANTE KING	PRESIDENT	4.00	Officer Director	$0	$0	$0
THOMAS LINN	FORMER TREAS	3.00	Officer Director	$0	$0	$0
JENNIFER MORRIS	TRUSTEE	3.00	Director	$0	$0	$0
VICKI MYCKOWIAK	TRUSTEE	2.00	Director	$0	$0	$0
VADIM OSS	TRUSTEE	3.00	Director	$0	$0	$0
ANGELA ELAM WILLIAMS	TRUSTEE	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
2025	$3,634,376	$3,466,240	$5,659,712	$168,136
2024	$4,031,596	$3,357,116	$5,235,249	$674,480
2024	$5,237,837	$4,563,357	$5,235,249	$674,480
2023	$3,285,005	$3,155,259	$4,385,936	$129,746
2022	$3,796,499	$2,953,242	$4,112,313	$843,257
2021	$2,616,520	$2,520,704	$3,692,766	$95,816
2020	$2,737,839	$2,683,550	$3,322,647	$54,289
2019	$2,667,496	$2,436,941	$2,910,671	$230,555
2018	$2,454,757	$2,259,790	$2,635,761	$194,967

WALDORF SCHOOL ASSOCIATION OF MICH