MICHIGAN FESTIVALS AND EVENTS (EIN 383156701) - 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

2013

Legal Domicile

Principal Officer

MIKE SZUKHENT

Phone

9898452080

Tax Period

2023-07-01 to 2024-06-30

MICHIGAN FESTIVALS AND EVENTS, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $227K in total revenue in fiscal year 2023. Revenue surged 176% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 16% operating margin.

Mission

PROVIDE EDUCATIONAL WORKSHOPS THAT BENEFIT THE VOLUNTEERS AND EVENT PLANNERS OF MICHIGAN

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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 $163,205

Program Service Revenue $63,421

Investment Income $39

Other Revenue $0

TOTAL REVENUE $226,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,793

Fundraising Expenses $0

Program Expenses $104,589

Other Expenses $90,259

TOTAL EXPENSES $191,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,665	$82,201	+1.8%
Expenses	$191,052	$192,674	0.0%
Net Income	$35,613	$-110,473	-1.3%

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

$54,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE SZUKHENT	CEO	30.00	Officer	$54,615	$0	$54,615
PEGGY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
LINDA KELLY	DIRECTOR	1.00	Director	$0	$0	$0
LISA THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
BOB SKERBECK	CHAIRPERSON	2.00	Officer	$0	$0	$0
JERRY PRESTON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CWIK	DIRECTOR	1.00	Director	$0	$0	$0
HENRY BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
KEN MATTEI	DIRECTOR	1.00	Director	$0	$0	$0
LEESA PAUL	TREASURER	2.00	Officer	$0	$0	$0
AMBER ROOD	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MESACK	SECRETARY	2.00	Officer	$0	$0	$0
KATHY REYNOLDS	CO-CHAIR	2.00	Officer	$0	$0	$0
KAT PAYE	DIRECTOR	1.00	Director	$0	$0	$0
RAUL ALVEREZ	DIRECTOR	1.00	Director	$0	$0	$0
ROD BEACH	DIRECTOR	1.00	Director	$0	$0	$0
KEITH STICKLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY TRAMMELL	DIRECTOR	1.00	Director	$0	$0	$0
SARAH SPOONHOLTZ	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	No data	No data	No data	No data
2024	$226,665	$191,052	$162,020	$35,613
2023	$82,201	$192,674	$129,562	$-110,473
2022	$199,700	$256,071	$249,871	$-56,371
2021	$181,010	$264,328	$375,854	$-83,318
2020	$238,673	$372,321	$489,057	$-133,648

MICHIGAN FESTIVALS AND EVENTS