THE MICHIGAN WOMEN'S FOUNDATION

🔒

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

1986

Legal Domicile

Principal Officer

CAROLYN CASSIN

Phone

3139621920

Tax Period

2024-10-01 to 2025-09-30

THE MICHIGAN WOMEN'S FOUNDATION, founded in 1986, is a community nonprofit in the Community Improvement sector that reported $4.4M in total revenue in fiscal year 2024.

Mission

MWF IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION WHOSE MISSION IS TO EXPAND ECONOMIC OPPORTUNITY FOR WOMEN AND ENTREPRENEURS OF COLOR BY PROVIDING ACCESS TO CAPITAL AND BUSINESS RESOURCES. MWF CELEBRATES OUTSTANDING WOMEN BY HONORING THEIR LEADERSHIP CONTRIBUTIONS TO THE COMMUNITY, ECONOMY, AND OUR STATE.

Program Service Accomplishments

Program 1

Expenses: $3,389,697 Revenue: $357,354

ENTREPRENEURSHIP - INCLUDES PITCH COMPETITIONS, LENDING, PRE- AND POST- LENDING TRAINING, COACHING AND FACILITATION. THE NON-LENDING ACTIVITIES OF ENTREPRENEURSHIP ARE DESIGNED TO INTRODUCE THE...

ENTREPRENEURSHIP - INCLUDES PITCH COMPETITIONS, LENDING, PRE- AND POST- LENDING TRAINING, COACHING AND FACILITATION. THE NON-LENDING ACTIVITIES OF ENTREPRENEURSHIP ARE DESIGNED TO INTRODUCE THE BASICS OF STARTING AND BUILDING A BUSINESS. LENDING IS A FINANCING PROGRAM AVAILABLE TO ENTREPRENEURS AND SMALL BUSINESS OWNERS FOR UP TO $50,000. AS A CDFI, MWF TARGETS LOW TO MODERATE INCOME INDIVIDUALS, AFRICAN AMERICAN ENTREPRENEURS AND BUSINESS OWNERS WHO CONDUCT BUSINESS IN QUALIFYING INVESTMENT AREAS IN MICHIGAN AS DEFINED BY THE CDFI.

Program 2

Expenses: $66,557

ALL OTHER PROGRAMS - THIS PROGRAM IS MADE UP OF VARIOUS SMALL OTHER PROGRAMS THE ORGANIZATION CONDUCTS SUCH AS SHOWCASING THE NAMES AND STORIES OF WOMEN WHO HELPED SHAPED THE HISTORY 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 $3,681,468

Program Service Revenue $357,354

Investment Income $157,901

Other Revenue $248,421

TOTAL REVENUE $4,445,144

Expense Breakdown

Grants Paid $200,925

Salaries & Benefits $1,929,944

Fundraising Expenses $515,020

Program Expenses $3,456,254

Other Expenses $2,291,186

TOTAL EXPENSES $4,422,055

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,445,144	$4,227,695	+0.1%
Expenses	$4,422,055	$3,008,686	+0.5%
Net Income	$23,089	$1,219,009	-1.0%

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

Volunteers

260

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

$522,924

Total Directors

$298,674

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN CASSIN	PRESIDENT & CEO	40.00	Officer Director	$288,198	$10,476	$298,674
KELLY SPRINGER	CHAIR	3.00	Officer Director	$0	$0	$0
REGINE BEAUBOEUF	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
TERESA BINGMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAWN TYLKOWSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
TONYA WELLS	TREASURER	1.00	Officer Director	$0	$0	$0
ALYSE MARTINELLI	TRUSTEE	1.00	Director	$0	$0	$0
DENISE QUARLES	TRUSTEE	1.00	Director	$0	$0	$0
ELEANOR WALKER	TRUSTEE	1.00	Director	$0	$0	$0
INDERPAL DEOL	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA HAYES-STALLINGS	TRUSTEE	1.00	Director	$0	$0	$0
JULIE HEGEDUS	TRUSTEE	1.00	Director	$0	$0	$0
JULIE HOLLINSHEAD	TRUSTEE	1.00	Director	$0	$0	$0
KERRI MILLER	TRUSTEE	1.00	Director	$0	$0	$0
KIM KERSTEN	TRUSTEE	1.00	Director	$0	$0	$0
KIMLE NAILER	TRUSTEE (TERM 02/2025)	1.00	Director	$0	$0	$0
NANCY MOODY	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA GUERRIERO	TRUSTEE	1.00	Director	$0	$0	$0
SARAH EARLEY	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE NAITO	TRUSTEE (TERM 01/2025)	1.00	Director	$0	$0	$0
TIFFANY ALBERT	TRUSTEE	1.00	Director	$0	$0	$0
ALLYSON BOYLE	CHIEF FINANCIAL OFFICER	40.00	Officer	$209,544	$14,706	$224,250

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	$4,445,144	$4,422,055	$13,830,613	$23,089
2024	$4,227,695	$3,008,686	$12,225,143	$1,219,009
2023	$4,075,099	$3,410,744	$12,044,313	$664,355
2022	$2,557,642	$2,744,229	$9,039,514	$-186,587
2021	$3,910,917	$2,980,559	$7,113,651	$930,358
2020	$2,424,596	$3,056,206	$6,896,782	$-631,610
2019	$2,422,564	$1,984,907	$6,023,372	$437,657
2018	$2,457,383	$2,701,529	$4,410,111	$-244,146