MICHIGAN HEAD START ASSOCIATION (EIN 383041872) - 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

1988

Legal Domicile

Principal Officer

ROBIN BOZEK

Tax Period

2023-10-01 to 2024-09-30

MICHIGAN HEAD START ASSOCIATION, founded in 1988, is a small nonprofit in the Education sector that reported $613K in total revenue in fiscal year 2023. Expenses of $564K left a modest 8% surplus.

Mission

EDUCATION AND TRAINING - HEAD START PROGRAMS

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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 $208,855

Program Service Revenue $371,172

Investment Income $33,196

Other Revenue $0

TOTAL REVENUE $613,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $331,634

Fundraising Expenses $0

Program Expenses $351,483

Other Expenses $232,307

TOTAL EXPENSES $563,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$613,223	$578,752	+0.1%
Expenses	$563,941	$515,323	+0.1%
Net Income	$49,282	$63,429	-0.2%

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

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

$122,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ROBIN BOZEK	EXECUTIVE DIRECTOR	Officer	$110,000	$12,200	$122,200
SHANNON PHELPS	DIRECTOR	Director	$0	$0	$0
JORDAN ERVIN	DIRECTOR	Director	$0	$0	$0
EDWARD MANUSZAK	DIRECTOR	Director	$0	$0	$0
CHERYL MCFALL	DIRECTOR	Director	$0	$0	$0
PATRICIA JANSEN	DIRECTOR	Director	$0	$0	$0
SHAQUAY SELBY	DIRECTOR	Director	$0	$0	$0
DIAMOND TYUS	DIRECTOR	Director	$0	$0	$0
JEN LABONTE	DIRECTOR	Director	$0	$0	$0
JENNIFER FLANDERS-SHOUSE	DIRECTOR	Director	$0	$0	$0
COREY HOLCOMB	PARLIMENTARIAN	Director	$0	$0	$0
NOLANA NOBLES	DIRECTOR	Director	$0	$0	$0
CODI BENJAMIN	DIRECTOR	Director	$0	$0	$0
MADONNA PRINCER	DIRECTOR	Director	$0	$0	$0
SARAH SEE	DIRECTOR	Director	$0	$0	$0
RHONDA MALLORY-BURNS	DIRECTOR	Director	$0	$0	$0
CHANDA HILLMAN	DIRECTOR	Director	$0	$0	$0
NOREEN DINWIEDDIE	DIRECTOR	Director	$0	$0	$0
WAYMOND HAYES	VICE PRESIDENT	Officer Director	$0	$0	$0
TRICIA GRIFKA	PRESIDENT	Officer Director	$0	$0	$0
KRISTEN KOSTIELNEY	SECRETARY	Officer Director	$0	$0	$0
LAURA BURTIS	TREASURER	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	$613,223	$563,941	$1,331,398	$49,282
2022	$561,216	$415,090	$1,178,869	$146,126
2021	$519,889	$361,824	$987,203	$158,065
2020	$515,469	$385,452	$817,051	$130,017
2019	$486,018	$383,110	$662,644	$102,908
2018	$486,660	$375,009	$592,736	$111,651

MICHIGAN HEAD START ASSOCIATION