MICHIGAN NAHRO

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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

1980

Legal Domicile

Principal Officer

Renee Smith

Phone

8109843173

Tax Period

2024-10-01 to 2025-09-30

MICHIGAN NAHRO, founded in 1980, is a small nonprofit that reported $257K in total revenue in fiscal year 2024.

Mission

The purpose of NAHRO is to be the leading housing and community development advocate for the provision of adequate and affordable housing and strong viable communities for all Americans particularly those with low and moderate incomes and to enhance the professional development and effectiveness of NAHROs members.

Program Service Accomplishments

Program 1

Expenses: $224,330 Revenue: $0

MI NAHRO hosts two major conferences annually in the Spring and Fall accessible to all participants with reduced rates for members. These events feature diverse sessions encompassing training...

MI NAHRO hosts two major conferences annually in the Spring and Fall accessible to all participants with reduced rates for members. These events feature diverse sessions encompassing training networking opportunities and updates on housing-related matters. Participants benefit from a platform that combines professional development collaboration and industry insights to enhance their knowledge and skills within the housing sector. This inclusive approach ensures valuable engagement and knowledge exchange among attendees fostering a supportive and informed community dedicated to advancing housing initiatives.

Program 2

Expenses: $22,264 Revenue: $0

The State Service Provider plays a crucial role in managing various aspects of our organizations operations. They are responsible for maintaining our website overseeing membership activities...

The State Service Provider plays a crucial role in managing various aspects of our organizations operations. They are responsible for maintaining our website overseeing membership activities coordinating the logistics of our conferences and handling the recording of banking deposits and expenses. Their multifaceted support ensures the smooth functioning of key operational areas enabling us to focus on our core mission effectively.

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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 $4,005

Program Service Revenue $252,877

Investment Income $269

Other Revenue $0

TOTAL REVENUE $257,151

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,264

Fundraising Expenses $0

Program Expenses $253,400

Other Expenses $235,932

TOTAL EXPENSES $258,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,151	N/A	N/A
Expenses	$258,196	N/A	N/A
Net Income	$-1,045	$0	N/A

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

$22,264

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cheryl Anne Farmer	State Service Officer	20.00	Officer	$22,264	$0	$22,264

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	$257,151	$258,196	$98,254	$-1,045