NORTHWEST MICHIGAN HORTICULTURAL RESEARCH FOUNDATION (EIN 382347168) - 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

1978

Legal Domicile

Principal Officer

TRAVIS BRATSCHI

Phone

2319461510

Tax Period

2023-01-01 to 2023-12-31

NORTHWEST MICHIGAN HORTICULTURAL RESEARCH FOUNDATION, founded in 1978, is a micro nonprofit in the Environment sector that reported $27K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $56K exceeded revenue, resulting in a 107% operating deficit.

Mission

HORTICULTURAL RESEARCH

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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 $27,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $27,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,513

Other Expenses $55,762

TOTAL EXPENSES $55,762

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,000	$178,044	-0.8%
Expenses	$55,762	$33,035	+0.7%
Net Income	$-28,762	$145,009	-1.2%

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

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
BRUCE	VELIQUETTE	Director	$0	$0	$0
TRAVIS	BRATSCHI	Director	$0	$0	$0
JOHN	GRANT	Director	$0	$0	$0
MARK	MIEZIO	Director	$0	$0	$0
ALL ABOVE	DEVOTE PART TIME	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	$27,000	$55,762	$1,115,775	$-28,762
2022	$178,044	$33,035	$1,144,537	$145,009
2021	$33,829	$32,738	$1,000,438	$1,091
2020	$19,733	$34,626	$998,437	$-14,893
2019	$108,633	$54,941	$1,013,330	$53,692
2018	$93,990	$28,537	$959,638	$65,453

NORTHWEST MICHIGAN HORTICULTURAL RESEARCH FOUNDATION