MICHIGAN AFTERSCHOOL ASSOCIATION (EIN 383204939) - 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

1994

Legal Domicile

Principal Officer

JENNIFER BONNER

Phone

2693370707

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN AFTERSCHOOL ASSOCIATION, founded in 1994, is a small nonprofit in the Education sector that reported $319K in total revenue in fiscal year 2023. Revenue surged 97% from the prior year, signaling strong growth momentum.

Mission

MICHIGAN AFTERSCHOOL ASSOCIATION IS A 501C3 MEMBERSHIP ASSOCIATION, GOVERNED BY A 10-PERSON BOARD OF DIRECTORS, AND IS THE STATE AFFILIATE OF THE NATIONAL AFTERSCHOOL ASSOCIATION. THE MICHIGAN AFTERSCHOOL ASSOCIATION (MAA) WORKS TO BUILD A FIELD OF PROFESSIONALS THAT DEVELOP, SUPPORT, AND PROMOTE QUALITY OUT-OF-SCHOOL-TIME (OST) PROGRAMS FOR CHILDREN AND YOUTH.

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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 $96,337

Program Service Revenue $222,385

Investment Income $0

Other Revenue $179

TOTAL REVENUE $318,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,281

Fundraising Expenses $0

Program Expenses $211,230

Other Expenses $245,255

TOTAL EXPENSES $329,536

Year-over-Year Comparison

	2023	2022	Change
Revenue	$318,901	$161,550	+1.0%
Expenses	$329,536	$158,374	+1.1%
Net Income	$-10,635	$3,176	-4.3%

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

$63,260

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROOK BLANCHARD	DIRECTOR	10.00	Director	$0	$0	$0
HAILEY MAYCROFT	DIRECTOR	1.50	Director	$0	$0	$0
DESHAWAUN MITCHELL	DIRECTOR	1.50	Director	$0	$0	$0
SHERNITA D RODGERS	DIRECTOR	1.50	Director	$0	$0	$0
DON WILLIAMS	DIRECTOR	1.50	Director	$0	$0	$0
COLLIENE WILLISON	DIRECTOR	1.50	Director	$0	$0	$0
JENNIFER BONNER	PRESIDENT	40.00	Officer	$63,260	$0	$63,260
SHUNA HAYWARD	VICE PRESIDENT	1.50	Officer	$0	$0	$0
JACQUELINE PATRICK-JAMES	TREASURER	1.50	Officer	$0	$0	$0
TERRI D SLAUGHTER	SECRETARY	1.50	Officer	$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	$318,901	$329,536	$9,595	$-10,635

MICHIGAN AFTERSCHOOL ASSOCIATION