RESEARCH AND TECHNOLOGY INSTITUTE OF WEST MICHIGAN (EIN 382787209) - 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

1986

Legal Domicile

Principal Officer

RANDY THELEN

Phone

6167710325

Tax Period

2021-01-01 to 2021-12-31

RESEARCH AND TECHNOLOGY INSTITUTE OF WEST MICHIGAN, founded in 1986, is a small nonprofit in the Science & Technology sector that reported $100K in total revenue in fiscal year 2021. Revenue fell 74% from the prior year — a significant decline worth monitoring.

Mission

TO PUT LOCAL TECHNICAL TALENT TO WORK FOR THE INDUSTRIAL BASE IN WEST MICHIGAN. THE GOAL IS TO PROVIDE TECHNICAL ASSISTANCE TO MANUFACTURING FIRMS IN THE MICHIGAN AREA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $100,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $100,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,000

Other Expenses $105,955

TOTAL EXPENSES $105,955

Year-over-Year Comparison

	2021	2020	Change
Revenue	$100,000	$390,000	-0.7%
Expenses	$105,955	$387,947	-0.7%
Net Income	$-5,955	$2,053	-3.9%

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

$817,899

Total Directors

$94,043

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BIRGIT M KLOHS	PRESIDENT (THROUGH 1-31-21)	2.00	Officer Director	$0	$7,788	$94,043
SEAN WELSH	CHAIR	1.00	Officer Director	$0	$0	$0
TINA FREESE DECKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BILL PINK	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE ABBOTT	DIRECTOR	1.00	Director	$0	$0	$0
RICK BAKER	DIRECTOR	1.00	Director	$0	$0	$0
NORMAN BEAUCHAMP	DIRECTOR	1.00	Director	$0	$0	$0
MATT BECKER	DIRECTOR	1.00	Director	$0	$0	$0
WAYMAN BRITT	DIRECTOR	1.00	Director	$0	$0	$0
LUKE CHERVENY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF CONNOLLY	DIRECTOR	1.00	Director	$0	$0	$0
RON DEWAARD	DIRECTOR	1.00	Director	$0	$0	$0
STEVE DOWNING	DIRECTOR	1.00	Director	$0	$0	$0
DOUG DOZEMAN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTA FLYNN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK GREENE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN IRWIN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES KEANE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
HYUNG KIM	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE KRUEGER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCGEE	DIRECTOR	1.00	Director	$0	$0	$0
PHILOMENA MANTELLA	DIRECTOR	1.00	Director	$0	$0	$0
HANK MEIJER	DIRECTOR	1.00	Director	$0	$0	$0
ANDI OWEN	DIRECTOR	1.00	Director	$0	$0	$0
BETH O'SHAUGHNESSY	DIRECTOR	1.00	Director	$0	$0	$0
MILIND PANT	DIRECTOR	1.00	Director	$0	$0	$0
RICK PAPPAS	DIRECTOR	1.00	Director	$0	$0	$0
MATT PAUL	DIRECTOR	1.00	Director	$0	$0	$0
BILL PAYNE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN C PORTERFIELD	DIRECTOR	1.00	Director	$0	$0	$0
JULIE RIETBERG	DIRECTOR	1.00	Director	$0	$0	$0
GARRICK ROCHOW	DIRECTOR	1.00	Director	$0	$0	$0
TONY SARSAM	DIRECTOR	1.00	Director	$0	$0	$0
DARREL SCHMALZEL	DIRECTOR	1.00	Director	$0	$0	$0
RICK SOROTA	DIRECTOR	1.00	Director	$0	$0	$0
RENEE TABBEN	DIRECTOR	1.00	Director	$0	$0	$0
JIM TEETS	DIRECTOR	1.00	Director	$0	$0	$0
DAVE VAN ANDEL	DIRECTOR	1.00	Director	$0	$0	$0
AL VANDERBERG	DIRECTOR	1.00	Director	$0	$0	$0
MIKE VANGESSEL	DIRECTOR	1.00	Director	$0	$0	$0
MARK WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS WELCH	DIRECTOR	1.00	Director	$0	$0	$0
BOB WOLFORD	DIRECTOR	1.00	Director	$0	$0	$0
RANDY THELEN	PRESIDENT	2.00	Officer	$0	$52,433	$518,452
TWAYNE HOWARD	ASSISTANT TREASURER & COO	2.00	Officer	$0	$26,156	$205,404

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
2021	$100,000	$105,955	$35,221	$-5,955
2020	$390,000	$387,947	$60,958	$2,053
2019	$170,000	$177,078	$460,352	$-7,078
2018	$250,000	$251,044	$96,201	$-1,044

RESEARCH AND TECHNOLOGY INSTITUTE OF WEST MICHIGAN