MICHIGAN PUBLIC EMPLOYEES SEIU LOC… - 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

1979

Legal Domicile

Principal Officer

GREGORY MERRICLE

Phone

5174821737

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN PUBLIC EMPLOYEES SEIU LOCAL 517M, founded in 1979, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 126% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 6% surplus.

Mission

TO SECURE IMPROVED WAGES, HOURS AND WORKING CONDITIONS THROUGH NEGOTIATIONS AND COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1

THE ORGANIZATION SECURED IMPROVED WAGES, HOURS AND WORKING CONDITIONS FOR ITS MEMBERS THROUGH NEGOTIATIONS AND COLLECTIVE BARGAINING.

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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 $2,778,594

Investment Income $70,410

Other Revenue $49,652

TOTAL REVENUE $2,898,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,310,478

Fundraising Expenses $0

Other Expenses $1,416,027

TOTAL EXPENSES $2,726,505

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,898,656	$1,282,408	+1.3%
Expenses	$2,726,505	$1,240,843	+1.2%
Net Income	$172,151	$41,565	+3.1%

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

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

$26,620

Total Directors

$7,270

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEY COMBS	PRESIDENT	8.00	Officer	$2,700	$0	$2,700
JANICE COSEY	DIVISION VP	8.00	Officer	$2,700	$0	$2,700
BRYAN GROCHOWSKI	SECRETARY-TR	8.00	Officer	$2,700	$0	$2,700
RODERICK JACKSON	DIVISION VP	8.00	Officer	$2,700	$0	$2,700
CARMELLA JOHNSON	DIVISION VP	8.00	Officer	$2,700	$0	$2,700
YOLANDA JOHNSON	DIVISION VP	8.00	Officer	$2,700	$0	$2,700
LETICIA TREVINO	DIVISION VP	8.00	Officer	$2,700	$0	$2,700
GREGORY MERRICLE	DIRECTOR	8.00	Officer Director	$2,450	$0	$2,450
JAN MARTIN	DIRECTOR	8.00	Officer Director	$1,200	$0	$1,200
ROBERTA OLDENBURG	DIRECTOR	8.00	Officer Director	$1,200	$0	$1,200
JASON JACKSON	DIRECTOR	8.00	Officer Director	$600	$0	$600
LORI STEELE	DIRECTOR	8.00	Officer Director	$600	$0	$600
KEVIN MERCADO	DIRECTOR	8.00	Officer Director	$550	$0	$550
JOHN ECK	DIRECTOR	8.00	Officer Director	$450	$0	$450
MICHELLE KUSNIER	DIVISION VP	8.00	Officer	$450	$0	$450
ROLAND WHITELOW	DIRECTOR	8.00	Officer Director	$220	$0	$220
ANNA SCHILLER	DIRECTOR	8.00	Officer Director	$0	$0	$0
LENI STEINER-ZEHENDER	DIRECTOR	8.00	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
2024	$2,898,656	$2,726,505	$3,199,505	$172,151
2023	$2,682,935	$2,522,557	$3,014,829	$160,378
2023	$1,282,408	$1,240,843	$3,026,492	$41,565
2022	$2,924,739	$2,563,297	$2,859,438	$361,442
2021	$3,070,441	$2,503,938	$2,695,781	$566,503
2020	$2,840,646	$2,599,875	$1,912,004	$240,771
2019	$2,881,182	$2,806,952	$1,647,812	$74,230
2018	$2,964,023	$2,836,307	$1,754,106	$127,716

MICHIGAN PUBLIC EMPLOYEES SEIU LOCAL 517M