MICHIGAN ALLERGY SOCIETY INC (EIN 382386072) - 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

1982

Legal Domicile

Principal Officer

KELLY O'SHEA MD

Phone

5172812318

Tax Period

2024-07-01 to 2025-06-30

MICHIGAN ALLERGY SOCIETY INC, founded in 1982, is a small nonprofit in the Diseases & Disorders sector that reported $230K in total revenue in fiscal year 2024. The organization ran a surplus of $78K, a strong 34% operating margin.

Mission

THE MISSION OF THE MICHIGAN ALLERGY & ASTHMA SOCIETY IS TO PROVIDE CONTINUING POSTGRADUATE EDUCATION TO THE ALLERGISTS AND IMMUNOLOGISTS OF MICHIGAN AND TO PROMOTE BEST CLINICAL PRACTICES IN A COLLEGIAL ENVIRONMENT. ANY LICENSED PHYSICIAN IN GOOD STANDING WHOSE MAJOR INTEREST IS ALLERGY AND IMMUNOLOGY IS ELIGIBLE FOR ELECTION TO MEMBERSHIP IN THE SOCIETY. ACTIVE MEMBERSHIP IS FOR DIPLOMATS OF THE AMERICAN BOARD OF INTERNAL MEDICINE OR THE AMERICAN BOARD OF PEDIATRICS WITH SUB-SPECIALTY TRAINING IN ALLERGY AND IMMUNOLOGY, OR DIPLOMATS OF THE AMERICAN BOARD OF ALLERGY AND IMMUNOLOGY, A CONJOINT BOARD OF THE AMERICAN BOARD OF INTERNAL MEDICINE AND THE AMERICAN BOARD OF PEDIATRICS.

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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 $4,536

Program Service Revenue $217,337

Investment Income $8,063

Other Revenue $0

TOTAL REVENUE $229,936

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $145,352

Other Expenses $151,082

TOTAL EXPENSES $152,082

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,936	N/A	N/A
Expenses	$152,082	N/A	N/A
Net Income	$77,854	N/A	N/A

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

350

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY O'SHEA MD	PRESIDENT	1.50	Officer	$0	$0	$0
MARISA HODGES MD	PRESIDENT EL	1.50	Officer	$0	$0	$0
PULIN PATEL MD	PAST PRESIDE	1.50	Officer	$0	$0	$0
GEORGE FREIGEH MD	SECRETARY TR	1.50	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
2025	$229,936	$152,082	$485,764	$77,854

MICHIGAN ALLERGY SOCIETY INC