Michigan Academy of Family Physicians Foundation (EIN 382381592) - 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

Karlene Ketola MSA CAE

Phone

5173470098

Tax Period

2024-01-01 to 2024-12-31

Michigan Academy of Family Physicians Foundation, founded in 1981, is a small nonprofit that reported $254K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $69K, a strong 27% operating margin.

Mission

To promote ongoing, comprehensive, and cost-effective care to Michigan residents by supporting the MAFP as its philanthropic arm, assisting in the development of programs which serve to promote family medicine in MI, etc.

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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 $4,538

Program Service Revenue $227,177

Investment Income $22,042

Other Revenue $0

TOTAL REVENUE $253,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $168,685

Other Expenses $185,023

TOTAL EXPENSES $185,023

Year-over-Year Comparison

	2024	2023	Change
Revenue	$253,757	$174,846	+0.5%
Expenses	$185,023	$129,280	+0.4%
Net Income	$68,734	$45,566	+0.5%

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

$190,981

Total Directors

$10,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glenn DreganskyDO FAAFP	President	1.00	Officer Director	$0	$0	$0
Beena Nagappala MD MPH FAAFP	Vice President	1.00	Officer Director	$0	$0	$10,150
Robert Jackson MD MMM FAAFP	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Jeanette Wilson MD	Trustee	1.00	Director	$0	$0	$0
Bradford Woelke MD	Trustee	1.00	Director	$0	$0	$0
Amy McKenzie MD MBA	Trustee	1.00	Director	$0	$0	$0
Elizabeth Pionk DO	Trustee	1.00	Director	$0	$0	$0
Jennifer Aloff MD FAAFP	Trustee	1.00	Director	$0	$0	$0
David Kazanowski MD	Trustee	1.00	Director	$0	$0	$0
Srikar Reddy FAAFP MD Ended	President	1.00	Director	$0	$0	$0
Karlene Ketola MSA CAE	Executive VP	1.00	Officer	$0	$35,081	$180,831

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	$253,757	$185,023	$609,790	$68,734
2023	$174,846	$129,280	$592,405	$45,566
2022	$207,496	$132,308	$476,978	$75,188
2021	$69,999	$19,958	$439,499	$50,041
2020	$55,784	$36,441	$375,433	$19,343
2019	$165,031	$158,441	$347,646	$6,590

Michigan Academy of Family Physicians Foundation