MICHIGAN STUDENT ASSEMBLY OF THE UNIVERSITY OF MICHIGAN

EIN: 382397329 501(c)(3)

Ann Arbor, MI

Total Revenue
$1,318,667
Total Expenses
$1,245,648
Total Assets
$789,898
Net Assets
$173,565
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
MI
Principal Officer
Alifa Chowdhury
Phone
7347633241
Tax Period
2023-01-01 to 2023-12-31

MICHIGAN STUDENT ASSEMBLY OF THE UNIVERSITY OF MICHIGAN, founded in 1968, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 6% surplus.

Mission

We, the Michigan Student Assembly (MSA) of the University of Michigan, are comprised of students of different backgrounds who have come together to serve our fellow students and the entire University of Michigan community. Through our work and advocacy, we seek to encourage student civic engagement, give voice to student concerns, and enhance student welfare and the Michigan experience for everyone. MSA is motivated by the belief that there is no deeper expression of commitment to our school than to work to improve Michigan so that it realizes its greatest potential.

Program Service Accomplishments

Program 1
Expenses: $681,750 Revenue: $0

MSA supports payments to 391 UM registered/recognized student organizations, to fund student extracurricular activities and events. MSA operates its funding to student organizations through a...

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MSA supports payments to 391 UM registered/recognized student organizations, to fund student extracurricular activities and events. MSA operates its funding to student organizations through a reimbursement process. Registered UM student organizations must apply to MSA for funding events that directly affect the greater UM student/non-student community. All funding is awarded through a reimbursement process where UM student organizations are required to submit authentic proof of payment of applied for and awarded event expenses, and MSA verifies such expenses and reimburses the student organizations for the awarded and approved expenses. MSA retains all student organization funding applications and expense proof of payments for up to 5 to 7 years.

Program 2
Expenses: $40,181 Revenue: $27,175

AirBus provided convenient, low-cost transportation for UM students and the UM community between the University of Michigan Ann Arbor campus and Detroit Metro Airport, during the four University...

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AirBus provided convenient, low-cost transportation for UM students and the UM community between the University of Michigan Ann Arbor campus and Detroit Metro Airport, during the four University breaks.

Program 3
Expenses: $181,021 Revenue: $0

University of Michigan students are awarded stipends to assist with childcare expenses. MSA is not allotted any funds/stipends directly for childcare expenses. Rather all such funds are directly...

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University of Michigan students are awarded stipends to assist with childcare expenses. MSA is not allotted any funds/stipends directly for childcare expenses. Rather all such funds are directly allocated to the UM Financial Aid department. MSA understands the University of Michigan's Financial Aid Department uses the stipend allotment to assist the University of Michigan students with childcare expenses as needed. MSA understand that $1.67 of all student fees are used for UM childcare, administered solely and directly by the UM Financial Aid department.

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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 (2023)

Revenue Breakdown

Contributions & Grants $68,404
Program Service Revenue $1,239,899
Investment Income $10,364
Other Revenue $0
TOTAL REVENUE $1,318,667

Expense Breakdown

Grants Paid $680,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,208,449
Other Expenses $565,398
TOTAL EXPENSES $1,245,648

Year-over-Year Comparison

2023 2022 Change
Revenue $1,318,667 $1,137,133 +0.2%
Expenses $1,245,648 $1,147,922 +0.1%
Net Income $73,019 $-10,789 -7.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
50
Independent Members
50
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
8
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Meera Herle President (2023-2024) 20
Officer Director
$0 $0 $0
Bipasha Ray Vice President (2023-2024) 20
Officer Director
$0 $0 $0
Ian Concannon Treasurer (2023-2024) 20
Officer Director
$0 $0 $0
Jarek Schmanski Speaker (2023-2024) 20
Officer Director
$0 $0 $0
Noah Zimmerman President (2022-2023) 20
Officer Director
$0 $0 $0
Jacqueline Hillman Vice President (2022-2023) 20
Officer Director
$0 $0 $0
Thomas O'Heney Treasurer (2022-2023) 20
Officer Director
$0 $0 $0
Karthik Pasupula Speaker (2022-2023) 20
Officer Director
$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 $1,318,667 $1,245,648 $789,898 $73,019
2022 $1,137,133 $1,147,922 $660,359 $-10,789
2021 $980,095 $1,131,372 $634,652 $-151,277
2020 $968,674 $853,127 $719,122 $115,547
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