MICHIGAN FUTURE INC (EIN 383001180) - 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

1991

Legal Domicile

Principal Officer

LOUIS GLAZER

Phone

7347478120

Tax Period

2024-07-01 to 2025-06-30

MICHIGAN FUTURE INC, founded in 1991, is a small nonprofit in the Unknown sector that reported $813K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $152K, a strong 19% operating margin.

Mission

TO BE A SOURCE OF NEW IDEAS ON HOW MICHIGAN'S PEOPLE, ENTERPRISES, AND COMMUNITIES CAN SUCCEED IN THE INFORMATION AGE.

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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 $778,172

Program Service Revenue $0

Investment Income $35,240

Other Revenue $0

TOTAL REVENUE $813,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $593,330

Fundraising Expenses $0

Program Expenses $618,224

Other Expenses $67,762

TOTAL EXPENSES $661,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$813,412	$488,065	+0.7%
Expenses	$661,092	$721,250	-0.1%
Net Income	$152,320	$-233,185	-1.7%

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

N/A

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

$925,240

Total Directors

$925,240

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS GLAZER	PRESIDENT/SECRETARY	40.00	Officer Director	$233,280	$6,998	$240,278
PATRICK COONEY	HIGHEST COMPENSATED	40.00	Highest	$150,000	$8,754	$158,754
SANDY K BARUAH	TREASURER	1.00	Officer Director	$0	$24,210	$684,962
NICK KHOURI	BOARD CHAIR	1.00	Director	$0	$0	$0
PAUL HILLEGONDS	DIRECTOR	1.00	Director	$0	$0	$0
DALE ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
PETER MACGREGOR	DIRECTOR	1.00	Director	$0	$0	$0
ANGELIQUE POWER	DIRECTOR	1.00	Director	$0	$0	$0
KIRK PROFIT	DIRECTOR	1.00	Director	$0	$0	$0
DONALD RENCHER	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY ESPY	DIRECTOR	1.00	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
2025	$813,412	$661,092	$1,251,326	$152,320
2024	$488,065	$721,250	$1,101,763	$-233,185
2023	$1,162,640	$489,401	$1,339,963	$673,239
2022	$341,000	$521,760	$671,908	$-180,760
2021	$758,000	$453,770	$840,731	$304,230
2020	$519,500	$375,510	$547,285	$143,990
2019	$333,045	$381,338	$419,662	$-48,293
2018	$626,521	$687,213	$440,149	$-60,692

MICHIGAN FUTURE INC