MICHIGAN PRESS ASSOCIATION FOUNDAT… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

JAMES TARRANT

Phone

5173722424

Tax Period

2023-09-01 to 2024-08-31

MICHIGAN PRESS ASSOCIATION FOUNDATION, founded in 1980, is a micro nonprofit that reported $55K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $49K left a modest 11% surplus.

Mission

TO RECEIVE AND ADMINISTER FUNDS TO PERFORM CHARITABLE, EDUCATIONAL, SCIENTIFIC AND LITERARY FUNCTIONS IN SUPPORT OF THE ACTIVITIES AND PURPOSES OF THE MICHIGAN PRESS ASSOCIATION.

Program Service Accomplishments

Program 1

Expenses: $24,359

ENCOURAGEMENT AND FURTHERING EDUCATIONAL OPPORTUNITIES FOR YOUNG JOURNALISTS. JOURNALISM SCHOLARSHIPS, TEACHER AND INTERN SCHOLARSHIPS, AND SUMMER WORKSHOP TUITIONS ARE GRANTED EACH YEAR. 5...

ENCOURAGEMENT AND FURTHERING EDUCATIONAL OPPORTUNITIES FOR YOUNG JOURNALISTS. JOURNALISM SCHOLARSHIPS, TEACHER AND INTERN SCHOLARSHIPS, AND SUMMER WORKSHOP TUITIONS ARE GRANTED EACH YEAR. 5 SCHOLARSHIPS WERE AWARDED AND PAID DURING THE YEAR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,716

Program Service Revenue $0

Investment Income $19,283

Other Revenue $21,446

TOTAL REVENUE $55,445

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $7,528

Program Expenses $24,359

Other Expenses $34,132

TOTAL EXPENSES $49,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,445	$38,891	+0.4%
Expenses	$49,132	$49,176	0.0%
Net Income	$6,313	$-10,285	-1.6%

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
BRAD THOMPSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS HUCKLE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN BEBOW	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JULIE STAFFORD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID TROTT JD	DIRECTOR	1.00	Director	$0	$0	$0
PAUL HEIDBREDER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC HAMP	DIRECTOR	1.00	Director	$0	$0	$0
DIRK MILLIMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET TRIMER	DIRECTOR	1.00	Director	$0	$0	$0
JIM WOJCIK	DIRECTOR	1.00	Director	$0	$0	$0
SARA WURFEL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD LAMB	DIRECTOR	1.00	Director	$0	$0	$0
HELEN STOJIC	DIRECTOR	1.00	Director	$0	$0	$0
JIM YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ELCHERT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HOOK ENDED	DIRECTOR	1.00	Director	$0	$0	$0
JAMES TARRANT	EXECUTIVE DI	9.00	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
2025	No data	No data	No data	No data
2024	$55,445	$49,132	$498,154	$6,313
2023	$38,891	$49,176	$449,056	$-10,285
2022	$53,977	$74,657	$443,310	$-20,680
2021	$104,300	$96,168	$521,920	$8,132
2020	$27,775	$57,213	$468,375	$-29,438
2019	$33,463	$41,513	$464,771	$-8,050

MICHIGAN PRESS ASSOCIATION FOUNDATION