MID MICHIGAN COLLEGE FOUNDATION (EIN 382713145) - 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

LILLIAN FRICK

Phone

9893866604

Tax Period

2022-07-01 to 2023-06-30

MID MICHIGAN COLLEGE FOUNDATION, founded in 1987, is a small nonprofit that reported $439K in total revenue in fiscal year 2022. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $572K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE MID MICHIGAN COLLEGE FOUNDATION IS A NON-PROFIT MICHIGAN CORPORTION ORGANIZED TO RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE PURPOSES IN SUPPORT OF MID MICHIGAN COLLEGE. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF RECEIVING AND ADMINISTERING FUNDS FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC 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 (2022)

Revenue Breakdown

Contributions & Grants $249,893

Program Service Revenue $0

Investment Income $127,038

Other Revenue $61,735

TOTAL REVENUE $438,666

Expense Breakdown

Grants Paid $230,820

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $376,747

Other Expenses $340,841

TOTAL EXPENSES $571,661

Year-over-Year Comparison

	2022	2021	Change
Revenue	$438,666	$721,766	-0.4%
Expenses	$571,661	$523,759	+0.1%
Net Income	$-132,995	$198,007	-1.7%

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

100

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

Total Directors

$250,445

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNY BEEMER-FRITZINGER	TREASURER	1.00	Officer Director	$0	$0	$0
SHELLY BROWNING	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM HOOD	DIRECTOR/COLLEGE PRESIDENT	40.00	Director	$0	$80,100	$250,445
JENNY HOYLE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIN LUDWIG	CHAIR	1.00	Officer Director	$0	$0	$0
SARAH OSTAHOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW SANTINI	DIRECTOR	1.00	Director	$0	$0	$0
JEB ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
WENDY OSWALD	DIRECTOR	1.00	Director	$0	$0	$0
JILL BOURLAND	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MOULTRUP	DIRECTOR	1.00	Director	$0	$0	$0
LOIS PITTSLEY	DIRECTOR	1.00	Director	$0	$0	$0
DANA THERING	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN WEISENBURGER	DIRECTOR/TRUSTEE LIASON	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$438,666	$571,661	$6,463,632	$-132,995
2022	$721,766	$523,759	$5,780,601	$198,007
2021	$571,889	$521,806	$6,644,162	$50,083
2020	$607,400	$795,500	$5,159,532	$-188,100
2018	$493,375	$188,344	$5,487,192	$305,031

MID MICHIGAN COLLEGE FOUNDATION