MICHIGAN HISTORY FOUNDATION INC

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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

Principal Officer

BILL ARNOLD

Phone

5173732565

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN HISTORY FOUNDATION INC, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $254K in total revenue in fiscal year 2023. The organization ran a surplus of $60K, a strong 24% operating margin.

Mission

TO ASSIST THE MICHIGAN HISTORY CENTER AND OTHERS IN THE PRESERVATION OF HISTORICALLY OR ARCHAEOLOGICALLY SIGNIFICANT PROPERTY RELATING TO THE STATE OF MICHIGAN.

Program Service Accomplishments

Program 1

Expenses: $144,901

PROVIDE FINANCIAL SUPPORT FOR THE BENEFIT OF ARCHIVAL, ARCHAEOLOGICAL, MUSEOLOGICAL, AND HISTORY RELATED PROJECTS AND PROGRAMS IN THE STATE OF MICHIGAN

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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 (2023)

Revenue Breakdown

Contributions & Grants $180,244

Program Service Revenue $12,902

Investment Income $39,285

Other Revenue $21,280

TOTAL REVENUE $253,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,166

Fundraising Expenses $7,746

Program Expenses $144,901

Other Expenses $98,369

TOTAL EXPENSES $193,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$253,711	$263,632	0.0%
Expenses	$193,535	$315,916	-0.4%
Net Income	$60,176	$-52,284	-2.2%

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

$84,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN BURNS	EXECUTIVE DI	40.00	Officer	$84,000	$0	$84,000
JOHN AXE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BIEDA	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY CHESTER	DIRECTOR	1.00	Director	$0	$0	$0
DON COOPER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOHN COOPER	DIRECTOR	1.00	Director	$0	$0	$0
KATIE JESAITIS	SECRETARY	2.00	Director	$0	$0	$0
SEAN MANN	VICE CHAIR	2.00	Director	$0	$0	$0
DENNIS PACE	TREASURER	2.00	Officer Director	$0	$0	$0
DANIEL PAPINEAU	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN PEARLESS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN J H SCHWARZMD	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD SUROVELL	DIRECTOR	1.00	Director	$0	$0	$0
GLEAVES WHITNEY	DIRECTOR	1.00	Director	$0	$0	$0
RALEIGH WOODS	DIRECTOR	1.00	Director	$0	$0	$0
BILL ARNOLD	DEVELOPMENT	20.00	Officer	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$253,711	$193,535	$1,145,047	$60,176
2022	$263,632	$315,916	$1,090,849	$-52,284
2021	$309,251	$327,053	$1,374,905	$-17,802
2020	$343,567	$292,002	$1,326,191	$51,565
2019	$458,862	$428,689	$1,262,625	$30,173
2018	$346,009	$847,501	$1,147,034	$-501,492