MICHIGAN ECONOMIC DEVELOPERS ASSOCIATION (EIN 382900929) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

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.

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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 $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

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

$137,806

Total Directors

Key Employees

Highest Compensated

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

MICHIGAN ECONOMIC DEVELOPERS ASSOCIATION