ELDER LAW OF MICHIGAN (EIN 382960530) - 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

1990

Legal Domicile

Principal Officer

DARLING GARCIA

Phone

5174859164

Tax Period

2024-01-01 to 2024-12-31

ELDER LAW OF MICHIGAN, founded in 1990, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

TO ADVOCATE FOR, EDUCATE, AND ASSIST OLDER ADULTS AND PERSONS WITH DISABILITIES.

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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 $1,134,317

Program Service Revenue $148,480

Investment Income $0

Other Revenue $4,008

TOTAL REVENUE $1,286,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $874,632

Fundraising Expenses $0

Program Expenses $1,323,100

Other Expenses $451,043

TOTAL EXPENSES $1,325,675

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,286,805	$1,478,472	-0.1%
Expenses	$1,325,675	$1,310,751	+0.0%
Net Income	$-38,870	$167,721	-1.2%

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

195

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

$98,422

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA HANSEN	DIRECTOR	0.50	Director	$0	$0	$0
RAYMOND HARRIS	DIRECTOR	0.50	Director	$0	$0	$0
SHARON A CONRAN JD	SECRETARY	0.50	Officer Director	$0	$0	$0
LYNNE MCCOLLUM	TREASURER	0.50	Officer Director	$0	$0	$0
KEVIN M STANKO JD	CHAIR	0.50	Officer Director	$0	$0	$0
CATHERINE H JACOBS JD	CO CHAIR	0.50	Officer Director	$0	$0	$0
PETE VANNICE CRPC	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DARLING GARCIA	PRESIDENT & CEO	40.00	Officer	$91,697	$6,725	$98,422

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	$1,286,805	$1,325,675	$1,275,455	$-38,870
2023	$1,478,472	$1,310,751	$1,406,271	$167,721
2022	$1,822,438	$1,513,053	$1,337,547	$309,385
2021	$1,634,093	$1,612,500	$644,070	$21,593
2020	$1,742,383	$1,796,500	$655,113	$-54,117
2019	$2,126,600	$1,886,436	$710,226	$240,164
2018	$1,626,384	$1,552,653	$492,433	$73,731

ELDER LAW OF MICHIGAN