DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)OPERATION ABLE OF MICHIGAN INC, founded in 1989, is a small nonprofit that reported $342K in total revenue in fiscal year 2019. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $527K exceeded revenue, resulting in a 54% operating deficit.
TO PROVIDE MARKET RESPONSIVE PROGRAMS TO MEET THE EMPLOYMENT AND FINANCIAL STABILITY NEEDS OF MATURE INDIVIDUALS AND OTHER SPECIAL POPULATIONS ALONG THEIR CAREER PATHS, TO PROMOTE LIFELONG LEARNING AMONG INDIVIDUALS, BUSINESSES AND GOVERNMENT AND TO ASSIST THE EMPLOYER COMMUNITY IN DEVELOPING A COMPETENT WORKFORCE.
OPERATION ABLE OF MICHIGAN PROVIDES A VARIETY OF SERVICES TO LOW AND MODERATE INCOME ADULTS WHO ARE UNEMPLOYED OR UNDEREMPLOYED. USING A MODEL CALLED CENTER FOR WORKING FAMILIES, WE PROVIDE WORKFORCE...
OPERATION ABLE OF MICHIGAN PROVIDES A VARIETY OF SERVICES TO LOW AND MODERATE INCOME ADULTS WHO ARE UNEMPLOYED OR UNDEREMPLOYED. USING A MODEL CALLED CENTER FOR WORKING FAMILIES, WE PROVIDE WORKFORCE COUNSELING (ASSESSMENT, TRAINING, AND PLACEMENT SERVICES), FINANCIAL COACHING AND WORKSHOPS AND WRAP AROUND SERVICES. THE GOAL IS LONG-TERM FINANCIAL STABILITY FOR THE CLIENTS WE SERVE AND THEIR FAMILIES. ALTHOUGH WE SERVE A BROAD BASE OF CLIENTS, TWO OF OUR SPECIAL POPULATIONS ARE MID-CAREER AND OLDER ADULTS AND RETURNING CITIZENS. WE SERVE ABOUT 400 CLIENTS PER YEAR.THE ORGANIZATION CEASED OPERATIONS AND TERMINATED AS OF JUNE 30, 2020.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2019 | 2018 | Change | |
|---|---|---|---|
| Revenue | $342,318 | $272,457 | +0.3% |
| Expenses | $527,483 | $572,512 | -0.1% |
| Net Income | $-185,165 | $-300,055 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOSHUA SWANINGER | EX-OFFICIO - PRESIDENT | 4.00 |
Officer
|
$0 | $5,679 | $233,215 |
| MARY MCDOUGALL | EX-OFFICIO - EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$44,030 | $0 | $44,030 |
| LENA BARKLEY | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CATHY GOHEEN | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GALEN ERIC WINSTON | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARILYN F GRAHAM | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ARNOLD BUDIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2020 | $342,318 | $527,483 | No data | $-185,165 |
| 2019 | $272,457 | $572,512 | $37,735 | $-300,055 |
| 2018 | $588,283 | $597,369 | $210,267 | $-9,086 |
Compare OPERATION ABLE OF MICHIGAN INC with other nonprofits in Michigan and across the country.