MICHIGAN STATE AFL-CIO WORKFORCE DEVELOPMENT INSTITUTE (EIN 382795791) - 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

DEREK DOBIES

Phone

5173720784

Tax Period

2022-07-01 to 2023-06-30

MICHIGAN STATE AFL-CIO WORKFORCE DEVELOPMENT INSTITUTE, founded in 1988, is a community nonprofit in the Employment sector that reported $5.1M in total revenue in fiscal year 2022. Revenue surged 50% from the prior year, signaling strong growth momentum.

Mission

APPLY WORKFORCE DEVELOPMENT TO GROW THE MICHIGAN ECONOMY WHILE IMPROVING THE LIVES OF MI WORKERS.

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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 $5,152,395

Program Service Revenue $0

Investment Income $152

Other Revenue $-29,014

TOTAL REVENUE $5,123,533

Expense Breakdown

Grants Paid $853,419

Salaries & Benefits $3,104,593

Fundraising Expenses $0

Program Expenses $4,600,603

Other Expenses $1,344,309

TOTAL EXPENSES $5,302,321

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,123,533	$3,426,335	+0.5%
Expenses	$5,302,321	$3,338,187	+0.6%
Net Income	$-178,788	$88,148	-3.0%

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

$298,797

Total Directors

$298,797

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD BEIBER	CEO/CHARIMAN	1.00	Officer Director	$0	$10,875	$117,239
MARK ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GULICK	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS TRAMMELL	DIRECTOR	1.00	Director	$0	$0	$0
DEREK DOBIES	SECRETARY/TREASURER	1.00	Officer Director	$0	$20,842	$120,742
STEVE CLAYWELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LEE GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL SANFORD	CEO (ENDED 7/15/2022)	40.00	Officer Director	$42,227	$18,589	$60,816

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	$5,123,533	$5,302,321	$2,081,415	$-178,788
2022	$3,426,335	$3,338,187	$780,783	$88,148
2021	$3,071,374	$3,088,924	$1,595,334	$-17,550
2020	$2,422,762	$2,443,101	$313,646	$-20,339
2019	$2,244,055	$2,346,535	$322,631	$-102,480
2018	$2,431,859	$2,283,973	$417,280	$147,886

MICHIGAN STATE AFL-CIO WORKFORCE DEVELOPMENT INSTITUTE