Michigan Family Resources (EIN 382942671) - 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

1989

Legal Domicile

Principal Officer

Madonna Princer

Phone

6164534145

Tax Period

2024-01-01 to 2024-12-31

Michigan Family Resources, founded in 1989, is a mid-sized nonprofit in the Education sector that reported $31.7M in total revenue in fiscal year 2024. Expenses of $29.3M left a modest 8% surplus.

Mission

Michigan Family Resources mission is to deliver comprehensive services to low-income children five and under and their families, promoting their wel-being and development

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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 (2024)

Revenue Breakdown

Contributions & Grants $29,809,306

Program Service Revenue $0

Investment Income $27,711

Other Revenue $1,885,203

TOTAL REVENUE $31,722,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,490,232

Fundraising Expenses $0

Program Expenses $26,767,515

Other Expenses $6,771,767

TOTAL EXPENSES $29,261,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,722,220	$29,671,414	+0.1%
Expenses	$29,261,999	$29,826,097	0.0%
Net Income	$2,460,221	$-154,683	-16.9%

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

429

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

$482,172

Total Directors

Key Employees

$808,396

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristy Greenberg	President	1.00	Officer Director	$0	$0	$0
Linda Pickett	Vice President	1.00	Officer Director	$0	$0	$0
Brian Hofstra	Treasurer	1.00	Officer Director	$0	$0	$0
Tammy Smith	Director	1.00	Director	$0	$0	$0
Rudy Gutierrez	Director	1.00	Director	$0	$0	$0
Oogie LaMar	Director	1.00	Director	$0	$0	$0
Dean Pacific	Director	1.00	Director	$0	$0	$0
Fabiola Tenorio	Director	1.00	Director	$0	$0	$0
Abby Bishop	Director	1.00	Director	$0	$0	$0
Joann Hoganson	Director	1.00	Director	$0	$0	$0
Rebecca Carney	Director	1.00	Director	$0	$0	$0
Madonna Princer	Executive Director	50.00	Officer	$204,851	$72,155	$277,006
Ibrahim Skenderovic	HR Director	40.00	Key Emp	$149,273	$43,864	$193,137
Sheila Palazzo	IT Director	40.00	Key Emp	$147,305	$57,023	$204,328
James Vandermaas	Operations Director	40.00	Key Emp	$149,237	$54,616	$203,853
Kari Clark	Program Director	40.00	Key Emp	$145,295	$61,783	$207,078
Cori Anderson	Nutrition Manager	40.00	Highest	$108,110	$47,653	$155,763
Rebecca Snyder	Education Manager	40.00	Highest	$108,615	$34,917	$143,532
Ebony Gonzalez-Pugh	ERSEA Manager	40.00	Highest	$108,569	$47,332	$155,901
John Robinson	PFCE Manager	40.00	Highest	$111,646	$33,281	$144,927
Benjamin Kamps	Finance Director	40.00	Officer	$147,327	$57,839	$205,166
Laura Silvis	Outcome Analyst Manager	40.00	Highest	$110,041	$32,006	$142,047

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	$31,722,220	$29,261,999	$7,874,305	$2,460,221
2023	$29,671,414	$29,826,097	$6,647,165	$-154,683
2022	$27,521,715	$27,511,418	$4,675,489	$10,297
2021	$26,894,866	$26,738,688	$2,683,545	$156,178
2020	$26,551,383	$26,367,515	$2,208,461	$183,868
2019	$25,256,526	$24,968,931	$3,536,837	$287,595
2018	$21,105,321	$21,114,831	$2,902,594	$-9,510

Michigan Family Resources