SCHOOLCRAFT DEVELOPMENT AUTHORITY (EIN 382671221) - 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

1986

Legal Domicile

Principal Officer

JON LAMB

Phone

7344624416

Tax Period

2024-07-01 to 2025-06-30

SCHOOLCRAFT DEVELOPMENT AUTHORITY, founded in 1986, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. The organization ran a surplus of $287K, a strong 22% operating margin.

Mission

DEVELOP SCHOOLCRAFT COLLEGE LAND AND DISTRIBUTE NET PROCEEDS EXCLUSIVELY TO EDUCATIONAL PROGRAMS.

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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 $0

Investment Income $901,116

Other Revenue $396,743

TOTAL REVENUE $1,297,859

Expense Breakdown

Grants Paid $1,000,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,000,000

Other Expenses $11,162

TOTAL EXPENSES $1,011,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,297,859	$1,298,690	0.0%
Expenses	$1,011,162	$871,050	+0.2%
Net Income	$286,697	$427,640	-0.3%

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

$918,444

Total Directors

$918,444

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR GLENN CERNY	PRESIDENT	2.00	Officer Director	$0	$192,627	$633,982
JON LAMB	SECRETARY/TRASURER	3.00	Officer Director	$0	$40,453	$284,462
ROBERT R NIX II JD	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
JAMES FAUSONE	DIRECTOR	0.25	Director	$0	$0	$0
TERRY GILLIGAN	DIRECTOR	0.25	Director	$0	$0	$0
KATHLEEN LOMAKO	DIRECTOR	0.25	Director	$0	$0	$0
HON LITA POPKE	DIRECTOR	0.25	Director	$0	$0	$0
HON DANIEL RYAN JD PHD	DIRECTOR	0.25	Director	$0	$0	$0
CAROL STROM	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN TURNBULL	DIRECTOR	0.25	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	$1,297,859	$1,011,162	$24,927,379	$286,697
2024	$1,298,690	$871,050	$25,034,924	$427,640
2023	$1,299,301	$911,144	$25,004,026	$388,157
2022	$2,650,999	$2,615,464	$25,012,613	$35,535
2021	$934,665	$523,987	$425,053	$410,678
2020	$905,532	$1,357,781	$37,607	$-452,249

SCHOOLCRAFT DEVELOPMENT AUTHORITY