MICHIGAN EDUCATION ASSOCIATION SCHOLARSHIP FUND (EIN 383285500) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

DEEANN SKOV

Phone

5173326551

Tax Period

2024-09-01 to 2025-08-31

MICHIGAN EDUCATION ASSOCIATION SCHOLARSHIP FUND, founded in 1995, is a small nonprofit in the Education sector that reported $343K in total revenue in fiscal year 2024. Revenue surged 282% from the prior year, signaling strong growth momentum. The organization ran a surplus of $257K, a strong 75% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING PUBLIC, POST K-12 EDUCATIONAL INSTITUTIONS IN MI.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $40,405

Program Service Revenue $0

Investment Income $302,840

Other Revenue $-548

TOTAL REVENUE $342,697

Expense Breakdown

Grants Paid $65,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,700

Other Expenses $19,546

TOTAL EXPENSES $85,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,697	$89,614	+2.8%
Expenses	$85,246	$87,138	0.0%
Net Income	$257,451	$2,476	+103.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY ROBINSON	TRUSTEE	0.50	Director	$0	$0	$0
ANDY LONG	TRUSTEE	0.50	Director	$0	$0	$0
DEAN PARLING	TRUSTEE	0.50	Director	$0	$0	$0
JENN GARLAND	TRUSTEE	0.50	Director	$0	$0	$0
RICK MEETH	TRUSTEE	0.50	Director	$0	$0	$0
DAN SLAGTER	TRUSTEE	0.50	Director	$0	$0	$0
GRETA BROCK	CHAIR (ENDED 7/25)	0.50	Officer Director	$0	$0	$0
DEEANN SKOV	CHAIR	0.50	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
2025	$342,697	$85,246	$2,144,439	$257,451
2024	$89,614	$87,138	$2,012,338	$2,476
2023	$119,542	$65,791	$1,775,363	$53,751
2022	$93,200	$76,349	$1,663,518	$16,851
2021	$131,270	$73,626	$1,955,629	$57,644
2020	$62,073	$72,175	$1,726,258	$-10,102
2019	$56,769	$71,871	$1,594,873	$-15,102
2018	$269,743	$64,905	$1,579,981	$204,838

MICHIGAN EDUCATION ASSOCIATION SCHOLARSHIP FUND