MICHIGAN PSYCHOANALYTIC FOUNDATION… - Form 990 Financial Data

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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

BARRY MILLER MD

Phone

2488513380

Tax Period

2024-06-01 to 2025-05-31

MICHIGAN PSYCHOANALYTIC FOUNDATION INC, founded in 1987, is a small nonprofit in the Mental Health sector that reported $348K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $519K exceeded revenue, resulting in a 49% operating deficit.

Mission

THE MICHIGAN PYSCHOANALYTIC FOUNDATION SUPPORTS AND ENHANCES THE WORK OF THE MICHIGAN PSYCHOANALYTIC INSTITUTE BY INCREASING THE PUBLIC'S AWARENESS AND APPRECIATION OF PSYCHOANALYSIS AND BY PROMOTING OUTREACH AND PRO BONO PROGRAMS OF BENEFIT TO THE STATE OF MICHIGAN.

Program Service Accomplishments

Program 1

Expenses: $386,230

THE FOUNDATION SUPPORTS THE MICHIGAN PSYCHOANALYTIC INSTITUTE

Program 2

Expenses: $77,145 Revenue: $88,260

THE FOUNDATION RENTS A MAJORITY OF THE BUILDING TO THE MICHIGAN PSYCHOANALYTIC INSTITUTE AND PAYS ALL RELATED OCCUPANCY EXPENSES.

Program 3

Expenses: $19,356

SCHOLARSHIPS FOR CERTAIN CANDIDATES OF THE MICHIGAN PSYCHOANALYTIC INSTITUTE.

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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 $183,872

Program Service Revenue $88,260

Investment Income $37,400

Other Revenue $38,847

TOTAL REVENUE $348,379

Expense Breakdown

Grants Paid $186,449

Salaries & Benefits $0

Fundraising Expenses $3,409

Program Expenses $482,731

Other Expenses $332,579

TOTAL EXPENSES $519,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,379	$628,174	-0.4%
Expenses	$519,028	$547,754	-0.1%
Net Income	$-170,649	$80,420	-3.1%

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

$82,617

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY MILLER MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JANE S MILLER JD	TREASURER (END APR 2025)	1.00	Officer Director	$0	$0	$0
CAROL BARBOUR PHD	TRUSTEE	1.00	Director	$0	$0	$0
GIOVANNI MINONNE PHD	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN FLINDERS PHD	TRUSTEE	1.00	Director	$0	$0	$0
SANFORD KOLTONOW MD	TRUSTEE	1.00	Director	$0	$0	$0
HAROLD KULISH	TRUSTEE	1.00	Director	$0	$0	$0
NANCY KULISH PHD	TRUSTEE	1.00	Director	$0	$0	$0
MARC HIRSCH PHD	TRUSTEE	1.00	Director	$0	$0	$0
SALLY ROSENBERG DO	TRUSTEE	1.00	Director	$0	$0	$0
SHIL SENGUPTA LMSW	TRUSTEE	1.00	Director	$0	$0	$0
DWARAKANATH G RAO MD	TRUSTEE	1.00	Director	$0	$0	$0
ANTON BABUSHKIN MSF PHD	TREASURER (BEG MAY 2025)	1.00	Officer Director	$0	$0	$0
JEAN LEWIS	ADMINISTRATOR DIRECTOR	1.00	Officer	$0	$0	$82,617

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	$348,379	$519,028	$2,422,326	$-170,649
2024	$628,174	$547,754	$2,588,733	$80,420
2023	$592,885	$578,033	$2,468,826	$14,852
2022	$563,006	$586,521	$2,482,725	$-23,515
2021	$505,297	$499,867	$2,585,847	$5,430
2020	$597,228	$569,387	$2,390,232	$27,841
2019	$643,466	$531,492	$2,420,236	$111,974
2018	$682,159	$617,077	$2,365,961	$65,082

MICHIGAN PSYCHOANALYTIC FOUNDATION INC