SPECIAL OLYMPICS MICHIGAN INC (EIN 381964643) - 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

1972

Legal Domicile

Principal Officer

TIMOTHY J HILEMAN

Phone

9897743911

Tax Period

2024-01-01 to 2024-12-31

SPECIAL OLYMPICS MICHIGAN INC, founded in 1972, is a mid-sized nonprofit in the Recreation & Sports sector that reported $17.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.8M, a strong 40% operating margin.

Mission

THE SPECIAL OLYMPICS MOVEMENT USES SPORT AS A VEHICLE FOR ACCEPTANCE, RESPECT, INCLUSION, DIGNITY, AND JOY. WE PROVIDE YEAR-ROUND SPORTS TRAINING AND COMPETITION FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES.

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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 $14,447,906

Program Service Revenue $0

Investment Income $1,032,514

Other Revenue $1,688,251

TOTAL REVENUE $17,168,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,838,757

Fundraising Expenses $1,288,478

Program Expenses $8,798,044

Other Expenses $6,514,389

TOTAL EXPENSES $10,353,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,168,671	$15,441,956	+0.1%
Expenses	$10,353,146	$9,412,062	+0.1%
Net Income	$6,815,525	$6,029,894	+0.1%

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

17383

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

$372,051

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CARD	CHAIR	3.00	Officer Director	$0	$0	$0
BRAIN CALLEY	DIRECTOR	3.00	Director	$0	$0	$0
MAUREEN D'AGOSTINO	DIRECTOR	3.00	Director	$0	$0	$0
ERIK DALY	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHELLE DUNAWAY	VICE CHAIR	3.00	Officer Director	$0	$0	$0
JENNIFER ESSARY	DIRECTOR	3.00	Director	$0	$0	$0
DR MIRA JOURDAN	DIRECTOR	3.00	Director	$0	$0	$0
STEVE JBARA	DIRECTOR	3.00	Director	$0	$0	$0
RANDAL LESLIE	DIRECTOR	3.00	Director	$0	$0	$0
AL MELFI	DIRECTOR	3.00	Director	$0	$0	$0
DR MATTHEW PRINCE	DIRECTOR	3.00	Director	$0	$0	$0
CHARMAINE STONE	DIRECTOR	3.00	Director	$0	$0	$0
FRANK VANDERMEER	DIRECTOR	3.00	Director	$0	$0	$0
ELIZABETH VIELE	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL WENDT	TREASURER	3.00	Officer Director	$0	$0	$0
ROSE WALKER	DIRECTOR	3.00	Director	$0	$0	$0
KEVIN BROWN	DIRECTOR	3.00	Director	$0	$0	$0
DR AMY MCKENZIE	DIRECTOR	3.00	Director	$0	$0	$0
JULIE CONN	DIRECTOR	3.00	Director	$0	$0	$0
AMJED AL-ZOUBI	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL BETTS	DIRECTOR	3.00	Director	$0	$0	$0
SAL SEMOLA	DIRECTOR	3.00	Director	$0	$0	$0
TIMOTHY HILEMAN	PRESIDENT & CEO	50.00	Officer	$251,039	$0	$251,039
ROGER YOB	CHIEF FINANCIAL OFFICER	40.00	Officer	$112,712	$8,300	$121,012

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	$17,168,671	$10,353,146	$41,978,873	$6,815,525
2023	$15,441,956	$9,412,062	$34,271,142	$6,029,894
2022	$10,928,476	$8,252,400	$23,149,728	$2,676,076
2021	$10,034,005	$5,231,733	$23,738,769	$4,802,272
2020	$8,185,874	$5,030,379	$19,713,989	$3,155,495

SPECIAL OLYMPICS MICHIGAN INC