Michigan Share Corporation

EIN: 382208829 501(c)(3) Human Services

Saint Clair Shores, MI

Total Revenue
$1,513,615
Total Expenses
$1,250,138
Total Assets
$286,270
Net Assets
$254,697
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
MI
Principal Officer
Toccaria Smith
Phone
5864538676
Tax Period
2022-10-01 to 2023-09-30

Michigan Share Corporation, founded in 1976, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2022. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $263K, a strong 17% operating margin.

Mission

Three group homes caring for mentally imparied individuals. Funding comes from Community Mental Health through a community mental health board and a charitable funding agency.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,513,615
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,513,615

Expense Breakdown

Grants Paid $0
Salaries & Benefits $961,773
Fundraising Expenses $0
Program Expenses $1,091,874
Other Expenses $288,365
TOTAL EXPENSES $1,250,138

Year-over-Year Comparison

2022 2021 Change
Revenue $1,513,615 $941,699 +0.6%
Expenses $1,250,138 $989,717 +0.3%
Net Income $263,477 $-48,018 -6.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
3
Employees
22
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
3
$42,000
Total Directors
4
$42,000
Key Employees
1
$42,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ada McMillan President 40.00
Officer Director Key Emp Highest
$42,000 $0 $42,000
Jerylin Cates Secretary 1.00
Officer Director
$0 $0 $0
Arlene Allen Treasurer 1.00
Officer Director
$0 $0 $0
Sharon Thacker 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
2023 $1,513,615 $1,250,138 $286,270 $263,477
2022 $941,699 $989,717 $66,584 $-48,018
2021 $768,464 $847,337 $36,358 $-78,873
2020 $767,680 $791,914 $138,588 $-24,234
2019 $762,006 $796,402 $84,638 $-34,396
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Michigan Share Corporation with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.