Michigan Academy of Family Physicians Foundation

EIN: 382381592 501(c)(3)

Okemos, MI

Total Revenue
$189,842
Total Expenses
$147,060
Total Assets
$719,092
Net Assets
$674,854
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MI
Principal Officer
Karlene Ketola MSA CAE
Phone
5173470098
Tax Period
2025-01-01 to 2025-12-31

Michigan Academy of Family Physicians Foundation, founded in 1981, is a small nonprofit that reported $190K in total revenue in fiscal year 2025. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $43K, a strong 23% operating margin.

Mission

Since 1981, the foundation's mission has been to promote continuing, comprehensive, and cost-effective care to MI residents by supporting the MAFP as its philanthropic arm, assisting in the development of programs to promote family medicine in MI and assisting in the education and training of family physicians, residents, and medical students.

Program Service Accomplishments

Program 1
Expenses: $127,025 Revenue: $170,049

Provide educational opportunities, scholarships, and programs for family med students and residents. Provide CME for family physicians and community outreach and research initiatives.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $2,840
Program Service Revenue $170,049
Investment Income $16,953
Other Revenue $0
TOTAL REVENUE $189,842

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $127,025
Other Expenses $147,060
TOTAL EXPENSES $147,060

Year-over-Year Comparison

2025 2024 Change
Revenue $189,842 $253,757 -0.3%
Expenses $147,060 $185,023 -0.2%
Net Income $42,782 $68,734 -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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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
30

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
5
$212,308
Total Directors
12
$16,850
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beena Nagappala MD MPH FAAFP President 1.00
Officer Director
$0 $0 $3,150
Glenn DreganskyDO FAAFP Ended President 1.00
Officer Director
$0 $0 $1,800
Rachel M Klamo DO MS FAAFP Vice President 1.00
Officer Director
$0 $0 $10,100
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 Ended Trustee 1.00
Director
$0 $0 $0
Amy McKenzie MD MBA Ended Trustee 1.00
Director
$0 $0 $0
Elizabeth Pionk DO FAAFP Trustee 1.00
Director
$0 $0 $0
Jennifer Aloff MD FAAFP Ended Trustee 1.00
Director
$0 $0 $0
David Kazanowski MD Trustee 1.00
Director
$0 $0 $0
Srikar Reddy FAAFP MD Trustee 1.00
Director
$0 $0 $1,800
Amy Milewski MD MBA FAAFP Trustee 1.00
Director
$0 $0 $0
Karlene Ketola MSA CAE Executive VP 1.00
Officer
$0 $37,758 $197,258
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
2025 $189,842 $147,060 $719,092 $42,782
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
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