SAGINAW FUTURE INC (EIN 383021995) - 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

1992

Legal Domicile

Principal Officer

JOANN CRARY

Phone

9897548222

Tax Period

2023-01-01 to 2023-12-31

SAGINAW FUTURE INC, founded in 1992, is a small nonprofit in the Education sector that reported $811K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 72% operating deficit.

Mission

TO INCREASE ECONOMIC OPPORTUNITY IN SAGINAW COUNTY ENSURING LONG TERM GROWTH AND PROSPERITY BY FOSTERING INVESTMENT PRIMARILY IN ADVANCED MANUFACTURING, MEDICAL TECHNOLOGY, RENEWABLE ENERGY, HIGH TECH INDUSTRIES, AND PROFESSIONAL SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $770,531

Program Service Revenue $37,129

Investment Income $3,293

Other Revenue $0

TOTAL REVENUE $810,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,150,503

Fundraising Expenses $0

Program Expenses $281,832

Other Expenses $246,949

TOTAL EXPENSES $1,397,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$810,953	$2,439,442	-0.7%
Expenses	$1,397,452	$1,382,576	+0.0%
Net Income	$-586,499	$1,056,866	-1.6%

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

$339,212

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH PERIGO	CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN ALBOSTA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAN DRALLE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
TIM HAUSBECK	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JOANN CRARY	PRESIDENT	40.00	Officer	$275,325	$63,887	$339,212
VERONICA HORN	DIRECTOR	1.00	Director	$0	$0	$0
TIM MORALES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WEBSTER	DIRECTOR	1.00	Director	$0	$0	$0
KYLE BANDLOW	DIRECTOR	1.00	Director	$0	$0	$0
NEAL W BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
PAUL W FURLO	DIRECTOR	1.00	Director	$0	$0	$0
JENNY GENO	DIRECTOR	1.00	Director	$0	$0	$0
AB GHOSH	DIRECTOR	1.00	Director	$0	$0	$0
SHANE HUNT	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN KARWAT	DIRECTOR	1.00	Director	$0	$0	$0
TORRIE LEE	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA MOORE	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN POMERVILLE	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JIM TERRY	DIRECTOR	1.00	Director	$0	$0	$0
GREG TURNER	DIRECTOR	1.00	Director	$0	$0	$0
RAFAEL TURNER	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN WENZEL	DIRECTOR	1.00	Director	$0	$0	$0
CHAD WURTZEL	DIRECTOR	1.00	Director	$0	$0	$0
JAYE BLAKELY	DIRECTOR	1.00	Director	$0	$0	$0
KATHY MOODIE	DIRECTOR	1.00	Director	$0	$0	$0
MARK PINKERTON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SNIDERSICH	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
2024	No data	No data	No data	No data
2023	$810,953	$1,397,452	$2,552,304	$-586,499
2022	$2,439,442	$1,382,576	$3,095,959	$1,056,866
2021	$2,941,341	$3,389,994	$1,790,398	$-448,653
2020	$5,032,116	$5,423,335	$2,461,362	$-391,219

SAGINAW FUTURE INC