MICHIGAN PROMOTIONAL PROFESSIONALS ASSOCIATION (EIN 382765995) - 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

1988

Legal Domicile

Principal Officer

TONY SHEREDA

Phone

2698064489

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN PROMOTIONAL PROFESSIONALS ASSOCIATION, founded in 1988, is a small nonprofit that reported $234K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $314K exceeded revenue, resulting in a 34% operating deficit.

Mission

PROVIDES TRADESHOWS AND EDUCATION IN THE SPECIALTY ADVERTISING INDUSTRY.

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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 $30,860

Program Service Revenue $190,556

Investment Income $5,821

Other Revenue $6,715

TOTAL REVENUE $233,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,426

Fundraising Expenses $0

Other Expenses $222,267

TOTAL EXPENSES $313,693

Year-over-Year Comparison

	2024	2023	Change
Revenue	$233,952	$301,332	-0.2%
Expenses	$313,693	$296,483	+0.1%
Net Income	$-79,741	$4,849	-17.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE FREESTONE	DIRECTOR	1.00	Director	$0	$0	$0
REGINA HARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
PAUL KIEWIET	EXECUTIVE DI	1.00	Officer Director	$0	$0	$0
SCOTT WAKEFIELD	DIRECTOR	1.00	Director	$0	$0	$0
JAKE WYLONIS	DIRECTOR	1.00	Director	$0	$0	$0
CARLY JAEGER	SECRETARY	1.00	Officer	$0	$0	$0
GLENN MIOTKE	IMMED.PAST P	1.00	Officer	$0	$0	$0
DOMONIC PRIESTER-BIRD	DIRECTOR	1.00	Officer	$0	$0	$0
TONY SHEREDA	PRESIDENT	3.00	Officer	$0	$0	$0
DAVID SZIDIK	PRES.ELECT/T	3.00	Officer	$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	$233,952	$313,693	$145,832	$-79,741
2023	$301,332	$296,483	$146,205	$4,849
2022	$238,218	$231,734	$141,356	$6,484
2021	$186,329	$167,045	$139,786	$19,284
2020	$92,969	$126,709	$120,502	$-33,740
2019	$301,289	$298,812	$154,242	$2,477
2018	$274,075	$237,101	$151,765	$36,974

MICHIGAN PROMOTIONAL PROFESSIONALS ASSOCIATION