Michigan Municipal Electric Assoc (EIN 382493237) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

Principal Officer

Katie Abraham

Phone

5173238346

Tax Period

2024-01-01 to 2024-12-31

Michigan Municipal Electric Assoc, founded in 1958, is a small nonprofit that reported $831K in total revenue in fiscal year 2024.

Mission

To promote the efficient operation of municipal electric utilities in the state of Michigan.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $63,000

Program Service Revenue $737,726

Investment Income $30,643

Other Revenue $0

TOTAL REVENUE $831,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $808,643

TOTAL EXPENSES $808,643

Year-over-Year Comparison

	2024	2023	Change
Revenue	$831,369	$793,597	+0.0%
Expenses	$808,643	$697,465	+0.2%
Net Income	$22,726	$96,132	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Charles West	President	5.00	Officer Director	$0	$0	$0
Chris McArthur	Vice President	2.50	Officer Director	$0	$0	$0
Kevin Cornish	Treasurer	2.50	Officer Director	$0	$0	$0
Charlene Hudson	Board Member	1.50	Director	$0	$0	$0
Ted Siler	Board Member	1.50	Director	$0	$0	$0
Paul Jakubczak	Board Member	1.50	Director	$0	$0	$0
Richard Peffley	Board Member	1.50	Director	$0	$0	$0
Robert La Fave	Board Member	1.50	Director	$0	$0	$0
Katie Abraham	Executive Director	40.00	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
2024	$831,369	$808,643	$996,516	$22,726
2023	$793,597	$697,465	$973,101	$96,132
2022	$740,393	$610,074	$868,333	$130,319
2021	$788,038	$558,512	$735,434	$229,526
2020	$683,499	$536,659	$546,647	$146,840
2019	$645,763	$825,840	$308,326	$-180,077
2018	$577,394	$549,912	$458,904	$27,482

Michigan Municipal Electric Assoc