MASONRY INSTITUTE OF MICHIGAN INC

EIN: 381856805

LIVONIA, MI

Total Revenue
$394,458
Total Expenses
$391,694
Total Assets
$292,132
Net Assets
$210,030
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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

Legal Domicile
MI
Principal Officer
PHILIPPE LEDENT
Phone
3132125784
Tax Period
2023-01-01 to 2023-12-31

MASONRY INSTITUTE OF MICHIGAN INC is a small nonprofit that reported $394K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE MASONRY INSTITUTE OF MICHIGAN INC. IS DEDICATED TO THE PROMOTION AND ADVANCEMENT OF THE MASONRY INDUSTRY. THE INSTITUTE PROVIDES INFORMATION TO THE INDUSTRY AND PUBLIC, INDISCRIMINATELY. THE INSTITUTE'S GOAL IS TO PROMOTE QUALITY MASONRY, QUALITY MASONRY UNITS AND MATERIALS, FUNCTIONAL AND EFFICIENT DESIGNS, AND QUALITY WORKMANSHIP. THE OBJECTIVES OF THE MASONRY INSTITUTE OF MICHIGAN ARE: 1. TO PROVIDE UP-TO-DATE DESIGN INFORMATION TO ARCHITECTS AND STRUCTURAL ENGINEERS. 2.TO PROVIDE TECHNICAL MASONRY DATA TO MASON CONTRACTORS, BRICKLAYERS AND INDUSTRY SUPPLIERS. 3. TO PROMOTE THE MANY ADVANTAGES OF MASONRY CONSTRUCTION TO THE DESIGNER, THE BUILDER, THE OWNER, AND THE GENERAL PUBLIC. 4. TO PROMOTE THE HIGHEST STANDARDS OF QUALITY DESIGN, QUALITY MATERIALS AND QUALITY WORKMANSHIP. 5. TO PROMOTE PRODUCTIVE WORKING RELATIONSHIPS BETWEEN ALL PARTIES OF THE MASONRY INDUSTRY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $49,750
Program Service Revenue $344,608
Investment Income $0
Other Revenue $100
TOTAL REVENUE $394,458

Expense Breakdown

Grants Paid $0
Salaries & Benefits $236,638
Fundraising Expenses $0
Other Expenses $155,056
TOTAL EXPENSES $391,694

Year-over-Year Comparison

2023 2022 Change
Revenue $394,458 $337,435 +0.2%
Expenses $391,694 $332,940 +0.2%
Net Income $2,764 $4,495 -0.4%
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

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Governance

Voting Members
22
Independent Members
22
Employees
2
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
5
$201,549
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIPPE LEDENT EXECUTIVE DI 40.00
Officer
$172,364 $29,185 $201,549
SCOTT ALBAUGH TRUSTEE N/A
Director
$0 $0 $0
TC BAKER SECRETARY N/A
Officer Director
$0 $0 $0
BILL BARKER TREASURER N/A
Officer Director
$0 $0 $0
DOUG BARRON VICE-PRES N/A
Officer Director
$0 $0 $0
ANDY BRACY TRUSTEE N/A
Director
$0 $0 $0
JAKE BRODER TRUSTEE N/A
Director
$0 $0 $0
BRIAN BRONKEMA ALTERNATE N/A
Director
$0 $0 $0
GREIG CARNEVALE TRUSTEE N/A
Director
$0 $0 $0
TODD DAILEY TRUSTEE N/A
Director
$0 $0 $0
JULIE DINTAMAN ALTERNATE N/A
Director
$0 $0 $0
OMAR FARIS TRUSTEE N/A
Director
$0 $0 $0
TIM FRANKLAND TRUSTEE N/A
Director
$0 $0 $0
JIM GENDRON PRESIDENT N/A
Director
$0 $0 $0
RICHARD KARWOWSKI ALTERNATE N/A
Director
$0 $0 $0
MELISSA KLINE TRUSTEE N/A
Director
$0 $0 $0
ANDREW LABBESTAEL ALTERNATE N/A
Director
$0 $0 $0
BRAD MAURER TRUSTEE N/A
Director
$0 $0 $0
SCOTT SCHEPERS VICE PRES. N/A
Officer Director
$0 $0 $0
JERRY SNYDER ALTERNATE N/A
Director
$0 $0 $0
JEFF SYNDER TRUSTEE N/A
Director
$0 $0 $0
MIKE TARDICH ALTERNATE N/A
Director
$0 $0 $0
CHARLIE WILES TRUSTEE N/A
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
2024 No data No data No data No data
2023 $394,458 $391,694 $292,132 $2,764
2022 $337,435 $332,940 $220,684 $4,495
2021 $463,788 $352,377 $203,118 $111,411
2020 $477,335 $456,099 $201,972 $21,236
2019 $400,385 $381,244 $147,697 $19,141
2018 $357,266 $377,129 $87,319 $-19,863
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