UNIVERSITY OF MICHIGAN PROFESSIONA… - Form 990 Financial Data

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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

2013

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

UNIVERSITY OF MICHIGAN PROFESSIONAL NURSE COUNCIL, founded in 2013, is a small nonprofit that reported $141K in total revenue in fiscal year 2023. The organization ran a surplus of $45K, a strong 32% operating margin.

Mission

ORGANIZATIONS PURPOSE IS TO HELP MEMBERS LEARN TO NEGOTIATEWAGES, HOURS AND GENERAL WORKING CONDITIONS, AND TO WORK TOWARDS GENERAL IMPROVEMENT IN THE NURSING PROFESSION

Program Service Accomplishments

Program 1

Expenses: $96,062 Revenue: $140,763

THE NURSES COUNCIL HAS SUCCESSFULLY WORKED WITH NURSES AT U OF M HOSPITAL TO ASSIST IN THE SKILLS NECESSARY TO IMPROVE THE NURSING PROFESSION

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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 $140,763

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $140,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $96,062

Other Expenses $96,062

TOTAL EXPENSES $96,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140,763	$140,763	N/A
Expenses	$96,062	$81,839	+0.2%
Net Income	$44,701	$58,924	-0.2%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
AARON MCCORMICK	VICE PRESIDENT	Director	$0	$0	$0
TED MCTAGGART	CHIEF DISPUTE CHAIR	Director	$0	$0	$0
KARA AYOTTE	PRESIDENT	Officer Director	$0	$0	$0
ERNEST SAXTON	TREASURER	Officer	$0	$0	$0
BRITTNEY LEHMAN	SECRETARY	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	No data	No data	No data	No data
2023	$140,763	$96,062	$508,286	$44,701

UNIVERSITY OF MICHIGAN PROFESSIONAL NURSE COUNCIL