MIDDLE MICHIGAN DEVELOPMENT CORPORATION

EIN: 382411774

MT PLEASANT, MI

Total Revenue
$1,108,013
Total Expenses
$1,104,992
Total Assets
$407,826
Net Assets
$367,769
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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
MI
Principal Officer
JAMES MCBRYDE
Phone
9897722858
Tax Period
2023-01-01 to 2023-12-31

MIDDLE MICHIGAN DEVELOPMENT CORPORATION, founded in 1981, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum.

Mission

TO GROW AND ADD VALUE TO MID-MICHIGAN ECONOMY WITH PROACTIVE SERVICE OFFERINGS AIMED TO RETAIN AND ATTRACT BUSINESS IN CLARE AND ISABELLA COUNTIES.

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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 $1,028,394
Program Service Revenue $68,700
Investment Income $794
Other Revenue $10,125
TOTAL REVENUE $1,108,013

Expense Breakdown

Grants Paid $193,642
Salaries & Benefits $335,909
Fundraising Expenses $0
Program Expenses $1,002,942
Other Expenses $575,441
TOTAL EXPENSES $1,104,992

Year-over-Year Comparison

2023 2022 Change
Revenue $1,108,013 $703,274 +0.6%
Expenses $1,104,992 $763,559 +0.4%
Net Income $3,021 $-60,285 -1.1%
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

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Governance

Voting Members
24
Independent Members
23
Employees
7
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
3
$140,800
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT DAVIES MEMBER 1.00
Director
$0 $0 $0
RICK BARZ MEMBER 1.00
Director
$0 $0 $0
JODY THOMPSON SECRETARY 5.00
Officer Director
$0 $0 $0
BOB BALZER MEMBER 1.00
Director
$0 $0 $0
SCOTT GOVITZ MEMBER 1.00
Director
$0 $0 $0
JUSTIN CAVANAUGH MEMBER 1.00
Director
$0 $0 $0
KRISTI O'BOYLE MEMBER 1.00
Director
$0 $0 $0
AARON DESENTZ MEMBER 1.00
Director
$0 $0 $0
CHRIS ROWLEY MEMBER 1.00
Director
$0 $0 $0
MARITA HATTEM-SCHIFFMAN MEMBER 1.00
Director
$0 $0 $0
MARK STUHLDREHER MEMBER 1.00
Director
$0 $0 $0
ADRIAN KRAWCZYNSKI MEMBER 1.00
Director
$0 $0 $0
JEROME SCHWIND MEMBER 1.00
Director
$0 $0 $0
JEREMY HOWARD TREASURER 5.00
Officer Director
$0 $0 $0
NICOLE FROST MEMBER 5.00
Director
$0 $0 $0
JON PAUL JONES MEMBER 1.00
Director
$0 $0 $0
KAREN MOORE MEMBER 1.00
Director
$0 $0 $0
LORI PHELPS MEMBER 1.00
Director
$0 $0 $0
GREG RYNEARSON MEMBER 1.00
Director
$0 $0 $0
CHRIS SHANNON MEMBER 1.00
Director
$0 $0 $0
BRAD ELDRED MEMBER 1.00
Director
$0 $0 $0
DAVID STEVENS MEMBER 1.00
Director
$0 $0 $0
JONATHAN WILSON MEMBER 1.00
Director
$0 $0 $0
JAMES MCBRYDE PRESIDENT & CEO 40.00
Officer
$140,800 $0 $140,800
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 $1,108,013 $1,104,992 $407,826 $3,021
2022 $703,274 $763,559 $382,809 $-60,285
2021 $2,306,258 $2,304,856 $429,894 $1,402
2020 $4,200,142 $4,161,371 $415,230 $38,771
2019 $367,619 $367,767 $200,984 $-148
2018 $326,477 $332,577 $201,020 $-6,100
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