MID-MICHIGAN INDUSTRIES INC (EIN 382001352) - 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

1973

Legal Domicile

Principal Officer

CHERIE JOHNSON

Phone

9897736918

Tax Period

2023-10-01 to 2024-09-30

MID-MICHIGAN INDUSTRIES INC, founded in 1973, is a community nonprofit in the Employment sector that reported $5.1M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $6.2M exceeded revenue, resulting in a 21% operating deficit.

Mission

DEVELOPING INCLUSIVE COMMUNITIES AND MEANINGFUL CONNECTIONS THROUGH EMPLOYMENT AND TRAINING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $400,106

Program Service Revenue $4,308,718

Investment Income $40,170

Other Revenue $320,127

TOTAL REVENUE $5,069,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,856,322

Fundraising Expenses $0

Program Expenses $5,470,842

Other Expenses $1,296,635

TOTAL EXPENSES $6,152,957

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,069,121	$6,309,012	-0.2%
Expenses	$6,152,957	$6,354,340	0.0%
Net Income	$-1,083,836	$-45,328	+22.9%

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

475

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

$130,955

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERIE JOHNSON	CEO	40.00	Officer	$130,955	$0	$130,955
MICHAEL LALANDE	COO	40.00	Officer	$0	$0	$0
JODELL HEROUX	SECRETARY	1.00	Officer Director	$0	$0	$0
NEIL MCDONNELL	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL FORMSMA	CHAIR	1.00	Officer Director	$0	$0	$0
MIKE SIMON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAT RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE REED	DIRECTOR	1.00	Director	$0	$0	$0
LEANNE BARTON	DIRECTOR	1.00	Director	$0	$0	$0
SARAH ADKINS	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE ZIMMERMAN	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	$5,069,121	$6,152,957	$3,604,699	$-1,083,836
2023	$6,309,012	$6,354,340	$4,297,795	$-45,328
2022	$5,762,803	$5,636,129	$4,175,047	$126,674
2021	$5,769,065	$4,755,850	$4,385,346	$1,013,215
2020	$5,182,622	$5,403,685	$3,994,743	$-221,063
2019	$5,478,032	$5,665,313	$3,052,196	$-187,281
2018	$5,922,695	$5,567,704	$3,213,607	$354,991

MID-MICHIGAN INDUSTRIES INC