Michigan Association for Pupil Transportation (EIN 382342102) - 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

1965

Legal Domicile

Principal Officer

Jake Hunt

Phone

5178860881

Tax Period

2024-01-01 to 2024-12-31

Michigan Association for Pupil Transportation, founded in 1965, is a small nonprofit that reported $500K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $130K, a strong 26% operating margin.

Mission

Providing training and education information to the pupil transportation industry.

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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 $466,368

Investment Income $0

Other Revenue $33,234

TOTAL REVENUE $499,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,652

Fundraising Expenses $0

Other Expenses $301,743

TOTAL EXPENSES $369,395

Year-over-Year Comparison

	2024	2023	Change
Revenue	$499,602	$535,294	-0.1%
Expenses	$369,395	$328,994	+0.1%
Net Income	$130,207	$206,300	-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

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

$34,700

Total Directors

$37,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Penny Evert	President	1.00	Officer Director	$0	$0	$0
Brandi Bupp	Imm. Past President	1.00	Officer Director	$0	$0	$0
Mark Murray	President-Elect	1.00	Officer Director	$0	$0	$0
Jake Hunt	Treasurer	1.00	Officer Director	$0	$0	$0
Lee Helmer	1 Year Director	1.00	Director	$0	$0	$0
Darryl Hofstra	2 Year Director	1.00	Director	$0	$0	$0
Trevor Bulmer	3 Year Director	1.00	Director	$900	$0	$900
Terry Lechenet	Regional Rep Chair	1.00	Director	$1,800	$0	$1,800
Tracy Mulcare	Regional Co Chair	1.00	Director	$0	$0	$0
Katrina Morris	Executive Director	40.00	Officer Director	$34,700	$0	$34,700

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	$499,602	$369,395	$224,070	$130,207
2023	$535,294	$328,994	$355,039	$206,300
2022	$171,936	$169,505	$148,739	$2,431
2021	$522,045	$195,877	$230,871	$326,168
2020	$171,125	$105,792	$180,497	$65,333
2019	$201,695	$135,846	$115,164	$65,849
2018	$220,757	$189,078	$49,315	$31,679
2017	$227,817	$275,218	$17,637	$-47,401

Michigan Association for Pupil Transportation