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)

4 risk indicators measuring financial stability and operational resilience

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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.

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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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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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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