MICHIGAN ASSOCIATION OF BROADCASTE… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

CASEY JONES

Phone

5174847444

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN ASSOCIATION OF BROADCASTERS FOUNDATION INC, founded in 1993, is a small nonprofit in the Education sector that reported $365K in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. Net assets of $1.2M represent 39 months of operating reserves.

Mission

TO PROMOTE, SUPPORT AND ENHANCE THE BROADCAST INDUSTRY FOR THE GOOD OF ALL MICHIGAN CITIZENS THROUGH EDUCATION, RESEARCH, PUBLIC SERVICE, HISTORICAL PRESERVATION, INFORMATION DISSEMINATION AND A COMMITMENT TO DIVERSITY IN ALL ASPECTS OF THE BROADCAST INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $173,257

TO PROMOTE AND SUPPORT BY DONATION, SCHOLARSHIP, LOAN OR OTHERWISE THE EDUCATION AND TRAINING OF THE PUBLIC AND INDIVIDUALS IN THE SKILLS AND BUSINESS OF BROADCASTING. 23 MABF SCHOLARSHIPS WERE...

TO PROMOTE AND SUPPORT BY DONATION, SCHOLARSHIP, LOAN OR OTHERWISE THE EDUCATION AND TRAINING OF THE PUBLIC AND INDIVIDUALS IN THE SKILLS AND BUSINESS OF BROADCASTING. 23 MABF SCHOLARSHIPS WERE AWARDED DURING 2023 TO 23 STUDENTS.

Program 2

Expenses: $98,415 Revenue: $38,000

THE GREAT LAKES BROADCAST & SPORTS MEDIA ACADEMY HOSTED 896 STUDENTS AND PROVIDED EDUCATIONAL SESSIONS RELATED TO BROADCASTING CAREERS, CAREER FAIRS, AND CAREER NETWORKING WITH INDUSTRY PROFESSIONALS.

Program 3

Expenses: $54,285 Revenue: $24,634

HALL OF FAME & LIFETIME ACHIEVEMENT AWARDS

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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 $245,326

Program Service Revenue $70,164

Investment Income $40,821

Other Revenue $8,699

TOTAL REVENUE $365,010

Expense Breakdown

Grants Paid $25,674

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $327,916

Other Expenses $333,546

TOTAL EXPENSES $359,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$365,010	$183,389	+1.0%
Expenses	$359,220	$192,249	+0.9%
Net Income	$5,790	$-8,860	-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

N/A

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

$186,737

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM KLEMET	PRESIDENT/CEO	1.00	Officer	$0	$24,986	$186,737
ANDREW LACOMBE	DIRECTOR	1.00	Director	$0	$0	$0
IAN RHODES	DIRECTOR	1.00	Director	$0	$0	$0
JADE SPRINGART	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY WELLS	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY WHITING	DIRECTOR	1.00	Director	$0	$0	$0
GLEN OKONOSKI	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE TIER	DIRECTOR	1.00	Director	$0	$0	$0
MARK JAYCOX	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL ISHIKAWA	DIRECTOR	1.00	Director	$0	$0	$0
AUGUST WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
JASON SPRINGER	DIRECTOR	1.00	Director	$0	$0	$0
KARLA VANDERHORST	DIRECTOR	1.00	Director	$0	$0	$0
ANNIE SCARAMUZZINO	DIRECTOR	1.00	Director	$0	$0	$0
MARK LIBKE	DIRECTOR (ENDED 8/17/23)	1.00	Director	$0	$0	$0
REBECCA FALK	DIRECTOR (ENDED 8/17/23)	1.00	Director	$0	$0	$0
DAN BOERS	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
CALEB GORDON	VICE CHAIR/CHAIR ELECT	1.00	Officer Director	$0	$0	$0
SETH RESLER	CHAIR	1.00	Officer Director	$0	$0	$0
TRISHA PETERSON	IMMEDIATE PAST CHAIR (ENDED 8/17/23)	1.00	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	No data	No data	No data	No data
2023	$365,010	$359,220	$1,234,373	$5,790
2022	$183,389	$192,249	$1,211,361	$-8,860
2021	$115,898	$70,025	$1,220,559	$45,873
2020	$112,421	$122,126	$1,163,247	$-9,705
2019	$188,724	$169,085	$1,183,860	$19,639
2018	$173,008	$164,959	$1,157,547	$8,049

MICHIGAN ASSOCIATION OF BROADCASTERS FOUNDATION INC