Hemophilia Foundation of Michigan

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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

1970

Legal Domicile

Principal Officer

Susan Lerch

Phone

7345440015

Tax Period

2024-01-01 to 2024-12-31

Hemophilia Foundation of Michigan, founded in 1970, is a community nonprofit in the Diseases & Disorders sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $4.4M left a modest 9% surplus.

Mission

The Hemophilia Foundation of Michigan strives to improve the quality of life for all people affected by hemophilia, von Willebrand disease, other coagulation disorders and related complications, including HIV/AIDS and hepatitis.

Program Service Accomplishments

Program 1

Expenses: $1,127,413 Revenue: $0

Medical Services - Provided administrative support and federal pass-through funding to treatment centers that delivered comprehensive care to those with hemophilia and other bleeding and clotting...

Medical Services - Provided administrative support and federal pass-through funding to treatment centers that delivered comprehensive care to those with hemophilia and other bleeding and clotting disorders.

Program 2

Expenses: $2,221,189 Revenue: $0

Client Support Services - Assisted clients and their families in dealing with burden of living with hemophilia, HIV/AIDS, and other bleeding disorders. Financial Assistance Program - The Hemophilia Foundation of Michigan's financial assistance program assists the Michigan bleeding disorders community during some of its most challenging times. The program guidelines require that the applicant be a Michigan resident, have a congenital bleeding disorder, and have an immediate financial challenge that includes

Program 3

Expenses: $494,319 Revenue: $0

HFM Camping Adventures was formed in order to provide a camp experience for children affected by hemophilia, hereditary bleeding disorders, and related complications including HIV infection.

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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 $4,715,322

Program Service Revenue $60,500

Investment Income $28,366

Other Revenue $4,754

TOTAL REVENUE $4,808,942

Expense Breakdown

Grants Paid $1,108,294

Salaries & Benefits $1,621,934

Fundraising Expenses $121,252

Program Expenses $3,842,921

Other Expenses $1,658,826

TOTAL EXPENSES $4,389,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,808,942	$3,941,132	+0.2%
Expenses	$4,389,054	$4,264,936	+0.0%
Net Income	$419,888	$-323,804	-2.3%

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

$442,234

Total Directors

$200,170

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Rogers	President	1.00	Officer Director	$0	$0	$0
Jim Mohnach	Vice President	1.00	Officer Director	$0	$0	$0
Becky Steele	Treasurer	1.00	Officer Director	$0	$0	$0
David Hart	Secretary	1.00	Officer Director	$0	$0	$0
Michelle Hyde	Director	1.00	Director	$0	$0	$0
Adrienne Jankens	Director	1.00	Director	$0	$0	$0
Dave Rushlow	Director	1.00	Director	$0	$0	$0
Grace Trinidad	Director	1.00	Director	$0	$0	$0
Eliza VanZweden	Director	1.00	Director	$0	$0	$0
Susan Lerch	Executive Director	39.00	Officer Director	$168,600	$31,570	$200,170
Gwyn Hulswit	Associate Director	39.00	Officer	$125,570	$33,593	$159,163
Sharon Ceci	Finance Director	39.00	Officer	$73,055	$9,846	$82,901
Travis Tussing	Regional Admin	40.00	Highest	$102,307	$27,898	$130,205

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	$4,808,942	$4,389,054	$4,354,869	$419,888
2023	$3,941,132	$4,264,936	$2,911,568	$-323,804
2022	$3,850,387	$3,690,739	$3,079,008	$159,648
2021	$3,518,613	$3,220,698	$3,238,518	$297,915
2020	$3,729,383	$3,204,927	$2,873,305	$524,456
2019	$3,614,900	$3,625,936	$2,279,451	$-11,036
2018	$3,349,964	$3,247,148	$2,200,677	$102,816