MACKINAC CENTER (EIN 382701547) - 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

1987

Legal Domicile

Principal Officer

JOSEPH G LEHMAN

Phone

9896310900

Tax Period

2023-01-01 to 2023-12-31

MACKINAC CENTER, founded in 1987, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $11.0M in total revenue in fiscal year 2023. Expenses of $12.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

CONDUCT SCHOLARLY RESEARCH AND ANALYSIS OF THE STATE OF MICHIGAN PUBLIC POLICY ISSUES TO IMPROVE THE QUALITY OF LIFE FOR ALL CITIZENS BY ADVANCING THE PRINCIPLES OF A FREE-MARKET ECONOMY, LIMITED GOVERNMENT, AND RESPECT FOR PRIVATE PROPERTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,575,857

Program Service Revenue $19,609

Investment Income $340,131

Other Revenue $101,084

TOTAL REVENUE $11,036,681

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $5,131,916

Fundraising Expenses $1,269,296

Program Expenses $10,548,282

Other Expenses $7,419,285

TOTAL EXPENSES $12,614,701

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,036,681	$11,464,559	0.0%
Expenses	$12,614,701	$11,496,742	+0.1%
Net Income	$-1,578,020	$-32,183	+48.0%

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

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

$486,371

Total Directors

$486,371

Key Employees

$662,032

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH G LEHMAN	PRESIDENT	50.00	Officer Director	$457,411	$28,960	$486,371
RODNEY M LOCKWOOD JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOSEPH P MAGUIRE	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD D MCLELLAN	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD G HAWORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD C LEVY JR	BOARD MEMBER	1.00	Director	$0	$0	$0
CLIFFORD TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
JC HUIZINGA	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS GRAF	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM BARRETT	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER PANNING	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES L WALKER	VICE PRESIDENT FOR ADVANCEMENT	50.00	Key Emp	$412,961	$25,124	$438,085
MICHAEL REITZ	EXECUTIVE VICE PRESIDENT	50.00	Key Emp	$198,847	$25,100	$223,947
PATRICK J WRIGHT	VICE PRESIDENT FOR LEGAL AFFAIRS	50.00	Highest	$148,520	$23,624	$172,144
MOLLY MACEK	DIRECTOR OF EDUCATION POLICY	50.00	Highest	$126,751	$3,749	$130,500
PATRICIA J BENNER	VICE PRESIDENT FOR OPERATIONS	50.00	Highest	$123,164	$9,623	$132,787
DAVID GUENTHNER	VICE PRESIDENT FOR LEGISLATIVE AFFAIRS	50.00	Highest	$115,578	$22,296	$137,874
JASON HAYES	DIRECTOR OF ENERGY AND ENVIRONMENTAL POLICY	50.00	Highest	$106,931	$22,671	$129,602

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	No data	No data	No data	No data
2023	$11,036,681	$12,614,701	$15,684,604	$-1,578,020
2022	$11,464,559	$11,496,742	$16,677,798	$-32,183
2021	$15,562,407	$10,121,925	$16,839,253	$5,440,482
2020	$6,974,263	$9,421,593	$11,164,135	$-2,447,330

MACKINAC CENTER