MICHIGAN CORRECTIONS ORGANIZATION (EIN 382359760) - 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

1968

Legal Domicile

Principal Officer

DAVID PASCHE

Phone

5174853310

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN CORRECTIONS ORGANIZATION, founded in 1968, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023.

Mission

TO SECURE IMPROVED WAGES, HOURS AND WORKING CONDITIONS FOR ITS MEMBERS.

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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 $0

Program Service Revenue $2,763,545

Investment Income $67,450

Other Revenue $226,183

TOTAL REVENUE $3,057,178

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $1,186,972

Fundraising Expenses $0

Other Expenses $1,864,172

TOTAL EXPENSES $3,066,144

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,057,178	$3,011,558	+0.0%
Expenses	$3,066,144	$3,528,018	-0.1%
Net Income	$-8,966	$-516,460	-1.0%

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

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

$59,190

Total Directors

$49,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW POTTER	CHIEF OF STA	40.00		$154,095	$29,726	$183,821
RAY SHOLTZ	CHIEF OF STA	40.00	Director	$39,902	$9,658	$49,560
BYRON OSBORN	PRESIDENT	40.00	Officer	$37,490	$9,852	$47,342
CARY JOHNSON	RECORDING SE	5.00	Officer	$4,896	$1,028	$5,924
DAVID PASCHE	TREASURER	5.00	Officer	$4,896	$1,028	$5,924
LORI CONANT	TRUSTEE	1.00	Officer Director	$0	$0	$0
MARK DUNN	TRUSTEE	1.00	Officer Director	$0	$0	$0
GEORGIANN STAN	TRUSTEE	1.00	Officer Director	$0	$0	$0
TIM FLEURY	VICE PRESIDE	1.00	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	$3,057,178	$3,066,144	$3,030,359	$-8,966
2022	$3,011,558	$3,528,018	$3,004,266	$-516,460
2021	$3,152,147	$3,343,386	$3,613,256	$-191,239
2020	$3,467,703	$3,869,577	$3,809,191	$-401,874
2019	$3,547,706	$3,579,320	$4,148,076	$-31,614
2018	$3,735,519	$5,295,639	$4,321,115	$-1,560,120

MICHIGAN CORRECTIONS ORGANIZATION