MID-MICHIGAN CHARITABLE FOUNDATION C/O HUNTINGTON NATIONAL BANK (EIN 382162758) - 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

1977

Legal Domicile

Principal Officer

KIMBERLY KOWALSKI

Phone

5173374148

Tax Period

2023-01-01 to 2023-12-31

MID-MICHIGAN CHARITABLE FOUNDATION C/O HUNTINGTON NATIONAL BANK, founded in 1977, is a small nonprofit that reported $184K in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $68K, a strong 37% operating margin.

Mission

DISTRIBUTIONS TO 170(B) ENTRIES

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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 $0

Program Service Revenue $0

Investment Income $184,299

Other Revenue $0

TOTAL REVENUE $184,299

Expense Breakdown

Grants Paid $81,428

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,428

Other Expenses $34,439

TOTAL EXPENSES $115,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,299	$107,353	+0.7%
Expenses	$115,867	$114,137	+0.0%
Net Income	$68,432	$-6,784	-11.1%

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

N/A

Employees

N/A

Volunteers

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY KOWALSKI	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN ODELL	DIRECTOR	1.00	Director	$0	$0	$0
MICKI PASTEUR	DIRECTOR	1.00	Director	$0	$0	$0
CHAD PERRINE	DIRECTOR	1.00	Director	$0	$0	$0
NANETTE SIMONS	DIRECTOR	1.00	Director	$0	$0	$0
MARK VOSTRIZANSKY	DIRECTOR	1.00	Director	$0	$0	$0
LAURA WERNER	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	$184,299	$115,867	$3,050,393	$68,432
2022	$107,353	$114,137	$2,720,229	$-6,784
2021	$142,161	$71,877	$3,345,001	$70,284
2020	$93,923	$104,608	$3,005,843	$-10,685
2019	$84,766	$91,379	$2,789,862	$-6,613
2018	$88,831	$66,257	$2,411,275	$22,574

MID-MICHIGAN CHARITABLE FOUNDATION C/O HUNTINGTON NATIONAL BANK