MICHIGAN BEER & WINE WHOLESALERS A… - Form 990 Financial Data

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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

SPENCER NEVINS

Phone

5174825555

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN BEER & WINE WHOLESALERS ASSOCIATION EMPLOYEE BENEFIT TRUST, founded in 1990, is a mid-sized nonprofit that reported $20.8M in total revenue in fiscal year 2024. Expenses of $19.2M left a modest 8% surplus.

Mission

TO PROVIDE BENEFITS AND PAY CLAIMS FOR HEALTH, DENTAL, VISION AND TEMPORARY DISABILITY FOR PARTICIPANTS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

PROVIDE HEALTH, VISION AND TEMPORARY DISABILITY BENEFITS FOR 1,389 PARTICIPANTS AND THEIR DEPENDENTS.

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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 $0

Program Service Revenue $20,768,562

Investment Income $72,459

Other Revenue $0

TOTAL REVENUE $20,841,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $606,929

TOTAL EXPENSES $19,222,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,841,021	$19,892,600	+0.0%
Expenses	$19,222,581	$20,650,163	-0.1%
Net Income	$1,618,440	$-757,563	-3.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN BUTLER	TRUSTEE	1.00	Director	$0	$0	$0
LUKE LYONS	TRUSTEE	1.00	Director	$0	$0	$0
JOFFREY MARCANTEL	TRUSTEE	1.00	Director	$0	$0	$0
JOE SCHETZ	TRUSTEE	1.00	Director	$0	$0	$0
TOM SCHULTZ	TRUSTEE	1.00	Director	$0	$0	$0
ISABEL WANTY	TRUSTEE	1.00	Director	$0	$0	$0
JERRY WITTE	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN HENRY	CHAIRWOMAN	1.00	Officer Director	$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	$20,841,021	$19,222,581	$3,898,059	$1,618,440
2023	$19,892,600	$20,650,163	$4,137,168	$-757,563
2022	$22,895,238	$25,769,386	$3,445,283	$-2,874,148
2021	$21,358,259	$23,406,671	$4,034,683	$-2,048,412
2020	$16,418,121	$17,882,178	$5,790,189	$-1,464,057
2019	$18,866,676	$17,927,401	$7,607,517	$939,275
2018	$20,607,395	$19,750,590	$6,294,485	$856,805

MICHIGAN BEER & WINE WHOLESALERS ASSOCIATION EMPLOYEE BENEFIT TRUST