Michigan Academy of Family Physici… - 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

1948

Legal Domicile

Principal Officer

Karlene Ketola MSA CAE

Phone

5173470098

Tax Period

2025-01-01 to 2025-12-31

Michigan Academy of Family Physicians Inc, founded in 1948, is a small nonprofit that reported $982K in total revenue in fiscal year 2025. The organization ran a surplus of $187K, a strong 19% operating margin.

Mission

The mission of the Michigan Academy of Family Physicians is to support family physicians in Michigan through leadership, collaboration, and innovation to achieve the best patient outcomes.

Program Service Accomplishments

Program 1

Advocacy, communications, public relations, membership services, practice management, professional networking, leadership, and educational information including the Michigan Family Physician magazine...

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,460

Program Service Revenue $809,158

Investment Income $155,372

Other Revenue $14,598

TOTAL REVENUE $981,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,765

Fundraising Expenses $0

Other Expenses $356,119

TOTAL EXPENSES $794,884

Year-over-Year Comparison

	2025	2024	Change
Revenue	$981,588	$1,016,195	0.0%
Expenses	$794,884	$822,647	0.0%
Net Income	$186,704	$193,548	0.0%

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

$221,458

Total Directors

$27,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glenn Dregansky DO FAAFP	AAFP Alternate Delegate	5.00	Officer Director	$1,800	$0	$1,800
Beena Nagappala MD MPH FAAFP	AAFP Alternate Delegate	5.00	Officer Director	$3,150	$0	$3,150
Rachel Klamo DO MS FAAFP	Chair	5.00	Officer Director	$10,100	$0	$10,100
Bashar Yalldo MD FAAFP	President	2.00	Officer Director	$6,000	$0	$6,000
Brandon Karmo DO FAAFP	President-elect	2.00	Officer Director	$3,150	$0	$3,150
Kristi VanDerKolk MD FAAFP	Vice President	2.00	Officer Director	$0	$0	$0
Delicia Pruitt MD MPH FAAFP	Speaker	2.00	Director	$0	$0	$0
Christopher Milback MD MBA FAAFP	Treasurer	1.00	Officer Director	$0	$0	$0
Mary Marshall MD RN FAAFP Ended	AAFP Delegate	1.00	Director	$0	$0	$0
Mustafa Hamed MD MBA MPH FAAFP F	AAFP Delegate	1.00	Director	$1,800	$0	$1,800
Srikar Reddy MD FAAFP	AAFP Delegate	1.00	Director	$1,800	$0	$1,800
Frank Animikwam MD	Member-at-Large	1.00	Director	$0	$0	$0
Christopher Hopper MD MscPH FAIHM	Member-at-Large	1.00	Director	$0	$0	$0
Lindsay Martin-Engel MD MPH FAAFP	Member-at-Large	1.00	Director	$0	$0	$0
Holli Neiman-Hart MD FAAFP	Member-at-Large	1.00	Director	$0	$0	$0
Teniesha Wright-Jones DO FACOFP FA	Member-at-Large	1.00	Director	$0	$0	$0
Susan Stevens DO FAAFP	Member-at-Large	1.00	Director	$0	$0	$0
Kari Beth Watts DO FAAFP	Member-at-Large	1.00	Director	$0	$0	$0
Vincent Winkler-Prins MD FAAFP	Member-at-Large	1.00	Director	$0	$0	$0
Arti Madhavan MD MBA FAAFP	Member-at-Large	1.00	Director	$0	$0	$0
Raymond Rion MD	Member-at-Large	1.00	Director	$0	$0	$0
Peter Ziemkowski MD FAAFP	Member-at-Large	1.00	Director	$0	$0	$0
Kevin Suiter MD Ended	Resident Member	1.00	Director	$0	$0	$0
Samantha Huang MD	Resident Member	1.00	Director	$0	$0	$0
Ashleigh Pratt Ended	Student Member	1.00	Director	$0	$0	$0
Blaine Teahan	Student Member	1.00	Director	$0	$0	$0
Karlene Ketola MSA CAE	CEO	40.00	Officer	$159,500	$37,758	$197,258

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	$981,588	$794,884	$3,888,483	$186,704
2024	$1,016,195	$822,647	$3,444,565	$193,548
2023	$991,792	$748,329	$3,236,836	$243,463
2022	$917,068	$705,666	$2,825,085	$211,402
2021	$889,224	$565,704	$3,021,366	$323,520
2020	$936,374	$590,298	$2,507,275	$346,076
2019	$907,098	$808,467	$2,105,246	$98,631

Michigan Academy of Family Physicians Inc