MICHIGAN ECONOMIC DEVELOPERS ASSOCIATION

EIN: 382900929 501(c)(3) Community Improvement

LANSING, MI

Total Revenue
$463,953
Total Expenses
$434,553
Total Assets
$395,593
Net Assets
$395,593
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MI
Principal Officer
MEGHAN SWAIN
Phone
5172410011
Tax Period
2023-01-01 to 2023-12-31

MICHIGAN ECONOMIC DEVELOPERS ASSOCIATION, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $464K in total revenue in fiscal year 2023. Expenses of $435K left a modest 6% surplus.

Mission

TO ADVANCE ECONOMIC DEVELOPMENT THROUGHOUT MICHIGAN AND INCREASE AN INDIVIDUAL'S (BOTH MEMBER AND NON-MEMBER) EFFECTIVENESS IN THE ECONOMIC DEVELOPMENT PROFESSION THROUGH EDUCATIONAL PROGRAMS, MEETINGS, AND LITERATURE.

Program Service Accomplishments

Program 1
Expenses: $309,964 Revenue: $457,221

MEMBERSHIP MEETINGS, SEMINARS, LUNCHES, SPEAKERS, TOURS, PUBLICATIONS, NEWSLETTERS, DIRECTORIES TO PROVIDE ECONOMIC DEVELOPMENT SERVICES. APPROXIMATELY 515 MEMBERS BENEFITTED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $457,221
Investment Income $3,412
Other Revenue $3,320
TOTAL REVENUE $463,953

Expense Breakdown

Grants Paid $4,000
Salaries & Benefits $271,640
Fundraising Expenses $0
Program Expenses $309,964
Other Expenses $158,913
TOTAL EXPENSES $434,553

Year-over-Year Comparison

2023 2022 Change
Revenue $463,953 $434,077 +0.1%
Expenses $434,553 $439,354 0.0%
Net Income $29,400 $-5,277 -6.6%
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
10
Independent Members
10
Employees
4
Volunteers
96

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
6
$137,806
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES MCBRYDE PRESIDENT 1.00
Officer Director
$0 $0 $0
SAMANTHA SEIMER MPA EDFP VICE PRESIDE 1.00
Officer Director
$0 $0 $0
ALAN WEBER TREASURER 1.00
Officer Director
$0 $0 $0
MARY MYERS CBSP SECRETARY 1.00
Officer Director
$0 $0 $0
KHALFANI STEPHENS CECD EDFP MEMBER 1.00
Director
$0 $0 $0
JOHN WOLF-MEYER EDFP MEMBER 1.00
Director
$0 $0 $0
NORA BALGOYEN EDFP MEMBER 1.00
Director
$0 $0 $0
NICK POSAVETZ MEMBER 1.00
Director
$0 $0 $0
ZACH MORRIS MEMBER 1.00
Director
$0 $0 $0
BRAD HEFFNER MEMBER 1.00
Director
$0 $0 $0
MEGHAN SWAIN EXECUTIVE DI 40.00
Officer
$20,698 $0 $20,698
JOHN AVERY ENDED EXECUTIVE DI 40.00
Officer
$83,597 $33,511 $117,108
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 $463,953 $434,553 $395,593 $29,400
2022 $434,077 $439,354 $366,193 $-5,277
2021 $392,199 $388,747 $371,470 $3,452
2020 $399,117 $376,339 $368,018 $22,778
2019 $585,542 $547,672 $345,240 $37,870
2018 $401,518 $377,976 $307,370 $23,542
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