BETTER BUSINESS BUREAU OF MICHIGAN EDUCATIONAL FOUNDATION (EIN 382532275) - 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

LISA FROHNAPFEL

Phone

6167748236

Tax Period

2024-01-01 to 2024-12-31

BETTER BUSINESS BUREAU OF MICHIGAN EDUCATIONAL FOUNDATION, founded in 1983, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 242% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 78% operating margin.

Mission

TO EDUCATE, ENGAGE, AND INSPIRE THE CURRENT AND FUTURE WORKFORCES OF WESTERN MICHIGAN TO ACHIEVE SUCCESS BY EMBRACING THE POWER OF TRUST; TO PROVIDE INFORMATION AND RESOURCES TO NON-PROFITS AND DONORS IN WESTERN MICHIGAN TO ASSIST THEM IN BEST PRACTICES, TRANSPARENCY, AND MAKING KNOWLEDGEABLE CHOICES; TO EDUCATE ALL AGE GROUPS, PARTICULARLY SENIORS, ABOUT BEST PRACTICES TO AVOID SCAMS AND FRAUD.

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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 $1,202,885

Program Service Revenue $11,500

Investment Income $0

Other Revenue $141,469

TOTAL REVENUE $1,355,854

Expense Breakdown

Grants Paid $7,501

Salaries & Benefits $0

Fundraising Expenses $2,904

Program Expenses $269,762

Other Expenses $295,299

TOTAL EXPENSES $302,800

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,355,854	$396,184	+2.4%
Expenses	$302,800	$291,650	+0.0%
Net Income	$1,053,054	$104,534	+9.1%

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

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

$208,991

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL STAPLETON	CHAIR	0.25	Officer Director	$0	$0	$0
DAN MORRISON	VICE CHAIR	0.25	Officer Director	$0	$0	$0
DEREK STEELE	TREASURER	0.25	Officer Director	$0	$0	$0
TINA KYGER	SECRETARY	0.25	Officer Director	$0	$0	$0
ROB VAN SUILICHEM	IMMEDIATE PAST CHAIR	0.25	Officer Director	$0	$0	$0
JESSICA ANN TYSON	DIRECTOR	0.25	Director	$0	$0	$0
ADAM AUKERMAN	DIRECTOR	0.25	Director	$0	$0	$0
LYNN CHEN-ZHANG	DIRECTOR	0.25	Director	$0	$0	$0
TIM DYE	DIRECTOR	0.25	Director	$0	$0	$0
MARCUS JACKSON	DIRECTOR	0.25	Director	$0	$0	$0
ANDY KLINGER	DIRECTOR	0.25	Director	$0	$0	$0
ANDREA OWENS	DIRECTOR	0.25	Director	$0	$0	$0
ERIC PAYNE	DIRECTOR	0.25	Director	$0	$0	$0
SARAH B RAYMOND	DIRECTOR	0.25	Director	$0	$0	$0
JASON REYES	DIRECTOR	0.25	Director	$0	$0	$0
JANET ZAHN	DIRECTOR	0.25	Director	$0	$0	$0
LISA FROHNAPFEL	PRESIDENT/CEO	20.00	Officer	$0	$13,727	$208,991

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	$1,355,854	$302,800	$1,346,521	$1,053,054
2023	$396,184	$291,650	$1,231,831	$104,534
2022	$313,022	$257,835	$1,140,747	$55,187
2021	$385,743	$306,347	$1,166,280	$79,396
2020	$418,894	$361,805	$1,185,249	$57,089
2019	$334,435	$261,780	$1,214,303	$72,655
2019	$334,435	$261,780	$1,214,303	$72,655
2018	$128,265	$211,854	$1,214,782	$-83,589

BETTER BUSINESS BUREAU OF MICHIGAN EDUCATIONAL FOUNDATION