MICHIGAN REGIONAL COUNCIL OF CARPENTERS (EIN 383292997) - 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

1996

Legal Domicile

Principal Officer

THOMAS LUTZ

Phone

3138323887

Tax Period

2024-07-01 to 2025-06-30

MICHIGAN REGIONAL COUNCIL OF CARPENTERS, founded in 1996, is a mid-sized nonprofit that reported $32.5M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.1M, a strong 34% operating margin.

Mission

MI REGIONAL COUNCIL OF CARPENTERS EXEMPT PURPOSE IS TO IMPROVE THE ECONOMIC & WORKING CONDITIONS OF ITS MEMBERS THROUGH COLLECTIVE BARGAINING WITH CONTRACTORS, SETTLING GREIVANCES, AND NEGOTIATING WAGES AND BENEFITS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $27,218,384

Program Service Revenue $3,888,174

Investment Income $1,003,705

Other Revenue $416,747

TOTAL REVENUE $32,527,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,261,747

Fundraising Expenses $0

Program Expenses $19,296,415

Other Expenses $8,140,992

TOTAL EXPENSES $21,402,739

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,527,010	$26,885,249	+0.2%
Expenses	$21,402,739	$19,758,203	+0.1%
Net Income	$11,124,271	$7,127,046	+0.6%

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

N/A

Employees

407

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

$901,855

Total Directors

$2,276,069

Key Employees

$165,124

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS LUTZ	EXEC SEC TRE	55.00	Officer Director	$251,490	$118,623	$370,113
MICHAEL BARNWELL	PRESIDENT	55.00	Officer Director	$199,076	$119,516	$318,592
RICH WILLIAMSON	TRUSTEE	55.00	Director	$149,939	$99,090	$249,029
PAUL JEWELL	WARDEN	50.00	Director	$139,983	$100,223	$240,206
MICHAEL JACKSON JR	CONDUCTOR	45.00	Director	$136,915	$87,364	$224,279
MIKE DAVIS JR	RECORDING SE	45.00	Director	$136,615	$87,364	$223,979
BRIAN KERRIGAN	TRUSTEE	48.00	Director	$143,152	$78,419	$221,571
VINCE DAWE	EXEC COMMITT	45.00	Director	$136,615	$76,535	$213,150
TYLER MCCASTLE	VICE PRESIDE	45.00	Officer Director	$136,615	$76,535	$213,150
LISA CANADA	SPECIAL PROJ	40.00	Key Emp	$165,124	$0	$165,124
STEPHEN K PURCHASE	BUSINESS AGE	40.00	Highest	$141,259	$0	$141,259
ELIJAH ISAQUIRRE	BUSINESS AGE	40.00	Highest	$139,079	$0	$139,079
RONALD MARACLE	BUSINESS AGE	40.00	Highest	$138,895	$0	$138,895
DAVID H PEHRSON	BUSINESS AGE	40.00	Highest	$138,507	$0	$138,507
JEFFREY D TAYLOR	BUSINESS AGE	40.00	Highest	$136,524	$0	$136,524
TOD SANDY	TRUSTEE	1.00	Director	$2,000	$0	$2,000

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	$32,527,010	$21,402,739	$57,692,965	$11,124,271
2024	$26,885,249	$19,758,203	$46,555,437	$7,127,046
2023	$23,944,186	$17,214,364	$44,213,054	$6,729,822
2022	$23,769,087	$15,962,412	$40,589,018	$7,806,675
2021	$20,536,475	$13,832,942	$26,956,204	$6,703,533
2020	$17,984,803	$15,699,048	$18,250,156	$2,285,755
2019	$19,883,965	$18,159,283	$15,948,600	$1,724,682

MICHIGAN REGIONAL COUNCIL OF CARPENTERS