BAC of Michigan Health and Welfare Fund (EIN 382073681) - 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

1974

Legal Domicile

Phone

2488286000

Tax Period

2024-05-01 to 2025-04-30

BAC of Michigan Health and Welfare Fund, founded in 1974, is a mid-sized nonprofit that reported $28.7M in total revenue in fiscal year 2024. Expenses of $26.2M left a modest 9% surplus.

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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 $0

Program Service Revenue $27,902,751

Investment Income $789,596

Other Revenue $7,760

TOTAL REVENUE $28,700,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $591,115

Fundraising Expenses $0

Program Expenses $26,174,955

Other Expenses $1,683,791

TOTAL EXPENSES $26,174,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,700,107	$27,824,725	+0.0%
Expenses	$26,174,955	$25,974,728	+0.0%
Net Income	$2,525,152	$1,849,997	+0.4%

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

Total Directors

$1,714,852

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Dunford	TRUSTEE	1.00	Director	$0	$59,559	$195,744
BRETT GIERAK	CHAIRMAN	1.00	Director	$0	$53,992	$174,049
CHAD MORRISON	TRUSTEE	1.00	Director	$0	$50,910	$155,777
SEAN GRIFFIN	TRUSTEE	1.00	Director	$0	$49,198	$153,102
SHAUN GAJEWSKI	TRUSTEE	1.00	Director	$0	$49,030	$152,544
JIM BUDD	TRUSTEE	1.00	Director	$0	$49,100	$152,495
GREG LOBODZINSKI	TRUSTEE	1.00	Director	$0	$49,100	$152,495
CHRIS FILLMORE	TRUSTEE	1.00	Director	$0	$49,100	$152,495
AARON PISTOR	TRUSTEE	1.00	Director	$0	$49,030	$152,345
DARYL NICHOLS	TRUSTEE	1.00	Director	$0	$37,992	$141,387
JAMES BRYLOWSKI	TRUSTEE	1.00	Director	$0	$45,228	$132,419
SAL SIMONE	TRUSTEE	1.00	Director	$0	$0	$0
TOM BINKOWSKI	SECRETARY	1.00	Director	$0	$0	$0
ANDY BRACY	TRUSTEE	1.00	Director	$0	$0	$0
MATT HARMON	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT MICHIELUTTI	TRUSTEE	1.00	Director	$0	$0	$0
STEVE MEYER	TRUSTEE	1.00	Director	$0	$0	$0
JAMES OLEKSINSKI	TRUSTEE	1.00	Director	$0	$0	$0
ED SPENCE	TRUSTEE	1.00	Director	$0	$0	$0
BOB BABBIT	TRUSTEE	1.00	Director	$0	$0	$0
GREG CARVEVALE	TRUSTEE	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
2025	$28,700,107	$26,174,955	$29,305,455	$2,525,152
2024	$27,824,725	$25,974,728	$24,895,566	$1,849,997
2023	$25,467,973	$22,758,413	$20,947,453	$2,709,560
2022	$16,424,172	$14,560,867	$17,164,198	$1,863,305
2021	$14,691,737	$11,149,412	$9,648,736	$3,542,325
2020	$13,034,524	$11,954,979	$6,070,033	$1,079,545
2019	$12,588,139	$14,136,518	$6,043,468	$-1,548,379
2018	$12,513,337	$13,709,045	$7,523,061	$-1,195,708

BAC of Michigan Health and Welfare Fund