MICHIGAN AGRI-BUSINESS ASSOCIATION (EIN 382027120) - 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

1956

Legal Domicile

Principal Officer

CHARLES LIPPSTREU

Phone

5173360223

Tax Period

2023-10-01 to 2024-09-30

MICHIGAN AGRI-BUSINESS ASSOCIATION, founded in 1956, is a small nonprofit that reported $856K in total revenue in fiscal year 2023. Expenses of $777K left a modest 9% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO FURTHER THE DEVELOPMENT AND PROSPERITY OF BUSINESSES ENGAGED IN AGRICULTURE. THE ORGANIZATION WORKS WITH LEGISLATORS AND VARIOUS STATE AND FEDERAL AGENCIES TO ATTAIN THIS GOAL. WE ALSO PROVIDE EDUCATIONAL OPPORTUNITIES THROUGH INFORMATIONAL PROGRAMS.

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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 $317,504

Program Service Revenue $462,900

Investment Income $37,835

Other Revenue $37,740

TOTAL REVENUE $855,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $333,998

Fundraising Expenses $0

Program Expenses $520,346

Other Expenses $442,944

TOTAL EXPENSES $776,942

Year-over-Year Comparison

	2023	2022	Change
Revenue	$855,979	$806,862	+0.1%
Expenses	$776,942	$756,745	+0.0%
Net Income	$79,037	$50,117	+0.6%

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

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

$220,079

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES LIPPSTREU	EXECUTIVE DI	40.00	Officer	$210,747	$9,332	$220,079
ED BENKERT	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
MICHELLE BERGMAN	2ND VICE CHA	5.00	Director	$0	$0	$0
TREVOR CLAYTON	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
ROBERT GEERS	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
JACOB HECHT	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
SHAWN LAMBERT	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
ALLEN PUNG	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
MICHAEL RUMSEY	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
GREG THON	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
JOHN TILT	1ST VICE CHA	1.00	Director	$0	$0	$0
NICHOLE WILCOX	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
MIKE FOSSUM	IMMEDIATE PA	5.00	Officer	$0	$0	$0
JONATHAN RUSH	CHAIRMAN	10.00	Officer	$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	$855,979	$776,942	$1,138,330	$79,037
2023	$806,862	$756,745	$1,054,151	$50,117
2021	$676,913	$571,754	$942,148	$105,159
2020	$1,008,129	$641,603	$904,243	$366,526
2019	$798,445	$820,599	$683,763	$-22,154
2018	$913,843	$920,633	$642,272	$-6,790

MICHIGAN AGRI-BUSINESS ASSOCIATION