Michigan Chapter Asthma & Allergy … - 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

1984

Legal Domicile

Principal Officer

Lana Hardin

Phone

2484064254

Tax Period

2025-01-01 to 2025-12-31

Michigan Chapter Asthma & Allergy Foundation of America, founded in 1984, is a small nonprofit that reported $177K in total revenue in fiscal year 2025. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $163K left a modest 8% surplus.

Mission

Asthma and allergy training and education.

Program Service Accomplishments

Program 1

Expenses: $137,119

AAFA-MI provides accurate and reliable education, training, programs and appropriate medical assistance for those affected by asthma and allergies. This includes programs and services designed for...

AAFA-MI provides accurate and reliable education, training, programs and appropriate medical assistance for those affected by asthma and allergies. This includes programs and services designed for individuals, families, schools, organizations, doctors, nurses, and other clinicians. This also includes grants for educational purposes.

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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 (2025)

Revenue Breakdown

Contributions & Grants $174,017

Program Service Revenue $0

Investment Income $3,175

Other Revenue $0

TOTAL REVENUE $177,192

Expense Breakdown

Grants Paid $67,198

Salaries & Benefits $66,799

Fundraising Expenses $0

Program Expenses $137,119

Other Expenses $28,603

TOTAL EXPENSES $162,600

Year-over-Year Comparison

	2025	2024	Change
Revenue	$177,192	$381,171	-0.5%
Expenses	$162,600	$139,617	+0.2%
Net Income	$14,592	$241,554	-0.9%

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

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

$62,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lana Hardin	President	0.00	Officer Director	$0	$0	$0
Lawrence Pasik MD	VP of Medical Affairs	0.00	Officer Director	$0	$0	$0
Elliott Attisha DO	Director	0.00	Director	$0	$0	$0
Lynette Smith RN BSN	Director	0.00	Director	$0	$0	$0
Heather Lowry MSN CNP	Director	0.00	Director	$0	$0	$0
Tammy Guastella CAE CMP	Director	0.00	Director	$0	$0	$0
Raagini Suresh Yedidi MD	Director	0.00	Director	$0	$0	$0
Erica Ridley MD	Director	0.00	Director	$0	$0	$0
Amy Eapen MD MS	Director	0.00	Director	$0	$0	$0
Kathleen F Slonager RN AE-C CCH	Executive Director	24.00	Officer	$62,400	$0	$62,400

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	$177,192	$162,600	$377,337	$14,592
2024	$381,171	$139,617	$362,068	$241,554
2023	$155,598	$125,828	$120,332	$29,770
2022	$140,990	$79,291	$91,453	$61,699
2021	$60,893	$55,160	$29,013	$5,733
2020	$36,653	$39,612	$28,228	$-2,959
2019	$32,544	$49,270	$26,027	$-16,726
2018	$47,424	$54,152	$42,136	$-6,728

Michigan Chapter Asthma & Allergy Foundation of America