BUSINESS LEADERS FOR MICHIGAN

EIN: 381941576

DETROIT, MI

Total Revenue
$4,069,513
Total Expenses
$4,377,058
Total Assets
$7,585,493
Net Assets
$6,565,897
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
MI
Principal Officer
JACQUELINE WIGGINS
Phone
3132595400
Tax Period
2023-01-01 to 2023-12-31

BUSINESS LEADERS FOR MICHIGAN, founded in 1970, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

BUSINESS LEADERS FOR MICHIGAN, THE STATE'S BUSINESS ROUNDTABLE, IS DEDICATED TO MAKING MICHIGAN A TOP 10 STATE FOR JOBS, EDUCATION, WIDELY SHARED PROSPERITY AND A HEALTHY ECONOMY. THE ORGANIZATION IS COMPOSED EXCLUSIVELY OF THE EXECUTIVE LEADERS OF MICHIGAN'S LARGEST COMPANIES AND UNIVERSITIES. OUR MEMBERS DRIVE 40% OF THE STATE'S ECONOMY, EMPLOY MORE THAN 540,000 PEOPLE IN MICHIGAN, GENERATE OVER $1 TRILLION IN ANNUAL REVENUE AND SERVE MORE THAN HALF OF ALL MICHIGAN PUBLIC UNIVERSITY STUDENTS.

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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 $0
Program Service Revenue $3,322,747
Investment Income $746,766
Other Revenue $0
TOTAL REVENUE $4,069,513

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,418,820
Fundraising Expenses $0
Program Expenses $3,750,967
Other Expenses $1,958,238
TOTAL EXPENSES $4,377,058

Year-over-Year Comparison

2023 2022 Change
Revenue $4,069,513 $5,290,425 -0.2%
Expenses $4,377,058 $4,056,266 +0.1%
Net Income $-307,545 $1,234,159 -1.2%
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

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Governance

Voting Members
106
Independent Members
105
Employees
13
Volunteers
105

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
9
$1,092,546
Total Directors
118
$586,801
Key Employees
4
$935,967
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY DONOFRIO PRESIDENT 40.00
Officer Director
$564,026 $22,775 $586,801
TIMOTHY SOWTON VICE PRESIDENT 40.00
Key Emp
$256,787 $39,134 $295,921
RANDI BERRIS VICE PRESIDENT 40.00
Officer
$241,806 $36,817 $278,623
LINDSAY CASE-PALSROK VICE PRESIDENT 40.00
Key Emp
$202,312 $34,494 $236,806
RYAN TARRANT COO/TREASURER/SECRETARY - PART YEAR 40.00
Officer
$203,210 $23,912 $227,122
GABRIEL RODRIGUEZ-GARRIGA VICE PRESIDENT 40.00
Key Emp
$189,600 $25,397 $214,997
BONNIE ZORN CHIEF OF STAFF 40.00
Key Emp
$177,247 $10,996 $188,243
AARON J ZEIGLER DIRECTOR 1.00
Director
$0 $0 $0
ALAN JAY KAUFMAN DIRECTOR 1.00
Director
$0 $0 $0
ALBERT M BERRIZ DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
ALESSANDRO P DINELLO DIRECTOR 1.00
Director
$0 $0 $0
AMY SOLEK DIRECTOR 1.00
Director
$0 $0 $0
ANDI OWEN DIRECTOR 1.00
Director
$0 $0 $0
ANDRA M RUSH DIRECTOR 1.00
Director
$0 $0 $0
ARABINDA GHOSH DIRECTOR 1.00
Director
$0 $0 $0
ARN TELLEM DIRECTOR 1.00
Director
$0 $0 $0
RYAN MAIBACH DIRECTOR 1.00
Director
$0 $0 $0
BILL EMERSON DIRECTOR 1.00
Director
$0 $0 $0
BLAKE W KRUEGER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS MCGOWAN DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
CHRISTOPHER ILITCH DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA J PASKY DIRECTOR 1.00
Director
$0 $0 $0
DAN GILBERT DIRECTOR 1.00
Director
$0 $0 $0
DANIEL J LOEPP DIRECTOR 1.00
Director
$0 $0 $0
DARYL M ADAMS DIRECTOR 1.00
Director
$0 $0 $0
DAVID A BRANDON DIRECTOR 1.00
Director
$0 $0 $0
DAVID C DAUCH DIRECTOR 1.00
Director
$0 $0 $0
DAVID F GIRODAT DIRECTOR 1.00
Director
$0 $0 $0
DAVID PARENT DIRECTOR 1.00
Director
$0 $0 $0
DOUG L DEVOS VICE CHAIR 1.00
Officer Director
$0 $0 $0
EDWIN A NESS DIRECTOR 1.00
Director
$0 $0 $0
ERIC WILDS DIRECTOR 1.00
Director
$0 $0 $0
EVAN D LYALL DIRECTOR 1.00
Director
$0 $0 $0
FLORINE MARK DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
FRANK VENEGAS JR DIRECTOR 1.00
Director
$0 $0 $0
FRANKLIN C WHEATLAKE DIRECTOR 1.00
Director
$0 $0 $0
FREDERICK K MINTURN DIRECTOR 1.00
Director
$0 $0 $0
G MARK ALYEA DIRECTOR 1.00
Director
$0 $0 $0
GARRICK J ROCHOW DIRECTOR 1.00
Director
$0 $0 $0
GARY TORGOW DIRECTOR 1.00
Director
$0 $0 $0
GERARD M ANDERSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
GORAN JURKOVIC DIRECTOR 1.00
Director
$0 $0 $0
GREG WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
GREGORY J CRABB DIRECTOR 1.00
Director
$0 $0 $0
HANK MEIJER DIRECTOR 1.00
Director
$0 $0 $0
HANS-WERNER KAAS DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
HOWARD UNGERLEIDER CHAIR 1.00
Officer Director
$0 $0 $0
JAMES M NICHOLSON DIRECTOR 1.00
Director
$0 $0 $0
JAMES P KEANE VICE CHAIR 1.00
Officer Director
$0 $0 $0
JAY FARNER DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
JAYMI WILSON DIRECTOR 1.00
Director
$0 $0 $0
JERRY NORCIA DIRECTOR 1.00
Director
$0 $0 $0
JIM WILLETT DIRECTOR 1.00
Director
$0 $0 $0
JIM FITTERLING DIRECTOR 1.00
Director
$0 $0 $0
JIM PETERS DIRECTOR 1.00
Director
$0 $0 $0
JOHN ROTH DIRECTOR 1.00
Director
$0 $0 $0
JOHN C KENNEDY DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
JOHN RAKOLTA JR DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH B ANDERSON JR DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH O SERRA DIRECTOR 1.00
Director
$0 $0 $0
KEITH J ALLMAN DIRECTOR 1.00
Director
$0 $0 $0
KEVIN A LOBO DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
KEVIN W WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY ANDREWS ESPY DIRECTOR 1.00
Director
$0 $0 $0
LINDA H APSEY DIRECTOR 1.00
Director
$0 $0 $0
LINDA HUBBARD DIRECTOR 1.00
Director
$0 $0 $0
M ROY WILSON DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
MANNY TORGOW DIRECTOR 1.00
Director
$0 $0 $0
MARJORIE K SIMMONS DIRECTOR 1.00
Director
$0 $0 $0
MARK A DAVIDOFF DIRECTOR 1.00
Director
$0 $0 $0
MARK J BISSELL DIRECTOR 1.00
Director
$0 $0 $0
MARY CULLER DIRECTOR 1.00
Director
$0 $0 $0
MARY T BARRA DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW B ELLIOTT DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW R HAWORTH DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
MCKEEL HAGERTY DIRECTOR 1.00
Director
$0 $0 $0
MELINDA WHITTINGTON DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL G BICKERS DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL J JANDERNOA VICE CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL T RITCHIE DIRECTOR 1.00
Director
$0 $0 $0
MURRAY S KESSLER DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
NEVEEN AWAD DIRECTOR 1.00
Director
$0 $0 $0
PAMELA R KLYN DIRECTOR 1.00
Director
$0 $0 $0
PATRICK FINN DIRECTOR 1.00
Director
$0 $0 $0
PATRICK LOCKWOOD-TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
PETER W QUIGLEY DIRECTOR 1.00
Director
$0 $0 $0
PHIL EYLER DIRECTOR 1.00
Director
$0 $0 $0
RACHEL TRONSTEIN-STEWART DIRECTOR 1.00
Director
$0 $0 $0
RAYMOND E SCOTT DIRECTOR 1.00
Director
$0 $0 $0
REJJI P HAYES DIRECTOR 1.00
Director
$0 $0 $0
RICH WOLOWSKI DIRECTOR 1.00
Director
$0 $0 $0
RICHARD A MANOOGIAN DIRECTOR 1.00
Director
$0 $0 $0
RICK KEYES DIRECTOR 1.00
Director
$0 $0 $0
ROBERT CASALOU DIRECTOR 1.00
Director
$0 $0 $0
ROBERT G RINEY DIRECTOR 1.00
Director
$0 $0 $0
ROBERT S TAUBMAN DIRECTOR 1.00
Director
$0 $0 $0
ROD WOOD DIRECTOR 1.00
Director
$0 $0 $0
ROGER S PENSKE DIRECTOR 1.00
Director
$0 $0 $0
RON VAUPEL DIRECTOR 1.00
Director
$0 $0 $0
RONALD E HALL DIRECTOR 1.00
Director
$0 $0 $0
RUSSELL WEINER DIRECTOR 1.00
Director
$0 $0 $0
RYAN GUSTAFSON DIRECTOR 1.00
Director
$0 $0 $0
S EVAN WEINER DIRECTOR 1.00
Director
$0 $0 $0
SANDRA E PIERCE VICE CHAIR 1.00
Officer Director
$0 $0 $0
SANTA ONO DIRECTOR 1.00
Director
$0 $0 $0
SARA ARMBRUSTER DIRECTOR 1.00
Director
$0 $0 $0
SPENCER S STILES DIRECTOR 1.00
Director
$0 $0 $0
STEFAN O DOERR DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN A VAN ANDEL DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN K CARLISLE DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
STEPHEN M KIRCHER DIRECTOR 1.00
Director
$0 $0 $0
STEVE DOWNING DIRECTOR 1.00
Director
$0 $0 $0
STEVE SEAR DIRECTOR 1.00
Director
$0 $0 $0
SUZANNE SHANK DIRECTOR 1.00
Director
$0 $0 $0
TERESA WOODRUFF DIRECTOR 1.00
Director
$0 $0 $0
TERRAH OPFERMAN DIRECTOR 1.00
Director
$0 $0 $0
TINA FREESE DECKER DIRECTOR 1.00
Director
$0 $0 $0
TODD SACHSE DIRECTOR 1.00
Director
$0 $0 $0
TONY SARSAM DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
TREVOR F LAUER DIRECTOR 1.00
Director
$0 $0 $0
WALTER P CZARNECKI DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM C YOUNG DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM CLAY FORD JR DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM U PARFET DIRECTOR 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
2024 No data No data No data No data
2023 $4,069,513 $4,377,058 $7,585,493 $-307,545
2022 $5,290,425 $4,056,266 $8,289,466 $1,234,159
2021 $5,318,936 $3,666,573 $7,336,112 $1,652,363
2020 $3,991,510 $3,420,084 $5,584,049 $571,426
2019 $4,136,258 $3,357,324 $5,605,582 $778,934
2018 $4,218,377 $3,689,680 $4,828,860 $528,697
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