MiCTA

EIN: 382877846

Saginaw, MI

Total Revenue
$575,391
Total Expenses
$563,001
Total Assets
$940,813
Net Assets
$896,416
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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
1989
Legal Domicile
MI
Principal Officer
Tim Von Hoff
Phone
9897532424
Tax Period
2024-01-01 to 2024-12-31

MiCTA, founded in 1989, is a small nonprofit that reported $575K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

The Corporation is organized for the purpose of identifying and resolving common telecommunication issues and problems; providing a clearing house of information relative to telecommunications; gaining information on new telecommunication products and services; improving the level of competency and enhancing the development of professional status of the member college and university administrators; influencing the development of telecommunication services to members at reduced costs and improved quality; participating in governmental and regulatory proceedings affecting the telecommunication issues; otherwise promoting the common telecommunications interests of the membership; and conducting any and all activities necessary or incidental to the foregoing purpose.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $445,147
Investment Income $130,244
Other Revenue $0
TOTAL REVENUE $575,391

Expense Breakdown

Grants Paid $0
Salaries & Benefits $299,676
Fundraising Expenses $0
Program Expenses $384,375
Other Expenses $263,325
TOTAL EXPENSES $563,001

Year-over-Year Comparison

2024 2023 Change
Revenue $575,391 $611,659 -0.1%
Expenses $563,001 $610,688 -0.1%
Net Income $12,390 $971 +11.8%
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

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Governance

Voting Members
7
Independent Members
6
Employees
3
Volunteers
7

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
5
$232,814
Total Directors
7
$24,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cedric Banks President 1.00
Officer Director
$0 $0 $0
Dr Dawn Kaiser Secretary/Treasurer 6.00
Officer Director
$24,500 $0 $24,500
Rick Haugerud Vice President 1.00
Officer Director
$0 $0 $0
Walt Magnussen Past President 1.00
Officer Director
$0 $0 $0
Kyle Morrison At Large 1.00
Director
$0 $0 $0
Thomas Pellizzi Jr At-Large 1.00
Director
$0 $0 $0
Craig Filippini At-Large 1.00
Director
$0 $0 $0
Tim Von Hoff CEO 40.00
Officer
$178,334 $29,980 $208,314
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 $575,391 $563,001 $940,813 $12,390
2023 $611,659 $610,688 $972,123 $971
2022 $692,470 $629,419 $976,497 $63,051
2021 $521,440 $702,343 $1,136,667 $-180,903
2020 $587,389 $693,078 $1,260,482 $-105,689
2019 $927,594 $799,126 $1,439,766 $128,468
2018 $908,850 $823,302 $1,191,014 $85,548
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