MICHIGAN CONSORTIUM FOR HEALTHCARE EXCELLENCE (EIN 382419074) - 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

1983

Legal Domicile

Principal Officer

Megan Rooney

Phone

7344446079

Tax Period

2024-10-01 to 2025-09-30

MICHIGAN CONSORTIUM FOR HEALTHCARE EXCELLENCE, founded in 1983, is a small nonprofit that reported $244K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $461K exceeded revenue, resulting in a 89% operating deficit.

Mission

Information management for healthcare excellence.

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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 $0

Program Service Revenue $241,093

Investment Income $3,132

Other Revenue $0

TOTAL REVENUE $244,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $461,390

Other Expenses $461,390

TOTAL EXPENSES $461,390

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,225	$273,605	-0.1%
Expenses	$461,390	$420,799	+0.1%
Net Income	$-217,165	$-147,194	+0.5%

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

Employees

N/A

Volunteers

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
Dana Lasenby	Director	3.00	Director	$0	$0	$0
Joseph Sedlock	Director	3.00	Director	$0	$0	$0
Mary Dumas	Director	3.00	Director	$0	$0	$0
James White	Director	3.00	Director	$0	$0	$0
Traci Smith	Director	3.00	Director	$0	$0	$0
Mila Todd	Director	3.00	Director	$0	$0	$0
Kelly VanWormer	Director	3.00	Director	$0	$0	$0
Megan Rooney	President	5.00	Officer	$0	$0	$0
James Colaianne	Secretary/Treasurer	5.00	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	$244,225	$461,390	$63,876	$-217,165
2024	$273,605	$420,799	$281,041	$-147,194
2023	$605,092	$377,349	$428,235	$227,743
2022	$539,752	$347,171	$200,492	$192,581
2021	$554,465	$553,498	$7,911	$967
2020	$609,363	$618,121	$6,959	$-8,758

MICHIGAN CONSORTIUM FOR HEALTHCARE EXCELLENCE