Michigan Fiber 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

1996

Legal Domicile

Principal Officer

Suzetta G Parker-Adams

Phone

2699482497

Tax Period

2025-01-01 to 2025-12-31

Michigan Fiber Festival Inc, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $141K in total revenue in fiscal year 2025.

Mission

To Advance and continue High Quality Standards or Business Practics in the Natural Fiber Area

Program Service Accomplishments

Program 1

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,898

Program Service Revenue $136,698

Investment Income $377

Other Revenue $0

TOTAL REVENUE $140,973

Expense Breakdown

Grants Paid $1,350

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $142,052

TOTAL EXPENSES $143,402

Year-over-Year Comparison

	2025	2024	Change
Revenue	$140,973	$142,147	0.0%
Expenses	$143,402	$140,232	+0.0%
Net Income	$-2,429	$1,915	-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

N/A

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
Jean Ann Wahl-Piotrowski	At Large Member	003.00	Director Key Emp	$0	$0	$0
Liz Stout	At Large Member	002.00	Director	$0	$0	$0
Sara Morris	At Large Member	002.00	Director	$0	$0	$0
Bob Beute	At Large Member	002.00	Director	$0	$0	$0
Joyce Beute	At Large Member	002.00	Director	$0	$0	$0
Lynn Carpenter	Preesident	002.00	Officer	$0	$0	$0
Stephanie Teoh	Vice President	002.00	Officer	$0	$0	$0
Nan Nichols	Secretary	002.00	Officer	$0	$0	$0
Darcey Owings	Treasurer	002.00	Officer	$0	$0	$0
Suzetta Parker-Admas	Festival Coordinator	025.00	Key Emp Highest	$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	$140,973	$143,402	$162,295	$-2,429
2024	$142,147	$140,232	$164,724	$1,915
2023	$122,638	$110,437	$153,981	$12,201
2022	$113,816	$105,001	$135,492	$8,815