MICHIGAN SHAKESPEARE FESTIVAL INC

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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

1995

Legal Domicile

Principal Officer

JILL BLIXT

Tax Period

2023-10-01 to 2024-09-30

MICHIGAN SHAKESPEARE FESTIVAL INC, founded in 1995, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $68K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $31K, a strong 45% operating margin.

Mission

THE MICHIGAN SHAKESPEARE FESTIVAL PRESENTS THE TIMELESS THEMES AND GLORIOUS LANGUAGE OF WILLIAM SHAKESPEARE, BRINGING THEATRICAL ENTERTAINMENT TO PEOPLE OF MICHIGAN AND SURROUNDING STATES

Program Service Accomplishments

Program 1

Expenses: $19,178 Revenue: $1,650

MICHIGAN SHAKESPEARE FESTIVAL PRESENTED SUMMER PERFORMANCES AND EDUCATIONAL PROGRAMS THROUGH THE YEAR TO MEET ITS PURPOSE.

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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 $66,619

Program Service Revenue $1,650

Investment Income $0

Other Revenue $0

TOTAL REVENUE $68,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,994

Fundraising Expenses $0

Program Expenses $19,178

Other Expenses $28,375

TOTAL EXPENSES $37,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,269	$385,694	-0.8%
Expenses	$37,369	$409,284	-0.9%
Net Income	$30,900	$-23,590	-2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY SMITTER	BOARD MEMBER	1.00	Director	$0	$0	$0
KASEY KOHN	BOARD MEMBER	1.00	Director	$0	$0	$0
MELANIE GOLDBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL BLIXT	PRESIDENT	20.00	Officer	$0	$0	$0
GAIL GREIGER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ALEXANDRA LACOMBE	TREASURER	1.00	Officer	$0	$0	$0
ANN CASSIDY	SECRETARY	4.00	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	$68,269	$37,369	$2,455	$30,900
2023	$385,694	$409,284	$-6,445	$-23,590
2022	$247,014	$335,670	$-6,674	$-88,656
2021	$34,888	$81,321	$46,142	$-46,433
2020	$326,974	$124,506	$135,552	$202,468
2019	$252,594	$286,787	$-6,478	$-34,193
2018	$355,040	$341,918	$-903	$13,122