BRAIN INJURY ASSOCIATION OF MICHIGAN INC (EIN 382357475) - 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

1981

Legal Domicile

Principal Officer

NICHOLE SHOTWELL

Phone

8102295880

Tax Period

2023-01-01 to 2023-12-31

BRAIN INJURY ASSOCIATION OF MICHIGAN INC, founded in 1981, is a small nonprofit in the Diseases & Disorders sector that reported $501K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring.

Mission

TO IMPROVE THE LIVES OF THOSE AFFECTED BY BRAIN INJURY.

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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 $230,300

Program Service Revenue $268,670

Investment Income $2,254

Other Revenue $0

TOTAL REVENUE $501,224

Expense Breakdown

Grants Paid $46,401

Salaries & Benefits $258,778

Fundraising Expenses $51,839

Program Expenses $399,235

Other Expenses $216,773

TOTAL EXPENSES $522,428

Year-over-Year Comparison

	2023	2022	Change
Revenue	$501,224	$755,460	-0.3%
Expenses	$522,428	$791,080	-0.3%
Net Income	$-21,204	$-35,620	-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

$96,482

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM JUDD	DIRECTOR	1.00	Director	$0	$0	$0
KAREN AMICK	DIRECTOR	1.00	Director	$0	$0	$0
MARTY ZOBROVITZ	DIRECTOR (ENDED 6/23)	1.00	Director	$0	$0	$0
HEIDI REYST PHD	DIRECTOR (ENDED 6/23)	1.00	Director	$0	$0	$0
SHANA BAUER	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
TAMI BURT	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE WRIGHT	DIRECTOR (ENDED 9/22)	1.00	Director	$0	$0	$0
TOBIAS ROBERTS	TREASURER	1.00	Director	$0	$0	$0
KRISTEN CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN NURENBERG	DIRECTOR (ENDED 6/23)	1.00	Director	$0	$0	$0
KATIE TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
JULIE BETZLER	SECRETARY	1.00	Officer Director	$0	$0	$0
KEITH MOORE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS SINAS	CHAIR	2.00	Officer Director	$0	$0	$0
TAMMY HANNAH	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
NICHOLE SHOTWELL	INTERIM PRESIDENT & CEO	40.00	Officer	$90,226	$6,256	$96,482

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	$501,224	$522,428	$349,650	$-21,204
2022	$755,460	$791,080	$448,902	$-35,620
2021	$748,314	$655,410	$450,718	$92,904
2020	$676,165	$792,424	$347,278	$-116,259
2019	$1,075,513	$1,131,085	$366,153	$-55,572
2018	$1,124,544	$1,107,050	$353,401	$17,494

BRAIN INJURY ASSOCIATION OF MICHIGAN INC