INSTITUTE FOR INTERNATIONAL COOPERATION & DEVELOPMENT MICHIGAN (EIN 383379778) - 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

1997

Legal Domicile

Principal Officer

ANNE KATRINE WENDELBOE

Phone

2695910518

Tax Period

2024-01-01 to 2024-12-31

INSTITUTE FOR INTERNATIONAL COOPERATION & DEVELOPMENT MICHIGAN, founded in 1997, is a small nonprofit in the International Affairs sector that reported $114K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $227K exceeded revenue, resulting in a 100% operating deficit.

Mission

EDUCATE AND TRAIN INDIVIDUALS TO SERVE ON INTERNATIONAL VOLUNTEER PROJECTS AND CONDUCT RESEARCH, WHILE FOCUSING ON PROMOTING, INITIATING AND EXERCISING RE-USE AND RECYCLING, RENEWABLE ENERGY, SUSTAINABILITY AND HEALTHY LIVING.

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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 $65,425

Program Service Revenue $29,373

Investment Income $-4,958

Other Revenue $23,789

TOTAL REVENUE $113,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,778

Fundraising Expenses $0

Program Expenses $197,702

Other Expenses $158,162

TOTAL EXPENSES $226,940

Year-over-Year Comparison

	2024	2023	Change
Revenue	$113,629	$280,371	-0.6%
Expenses	$226,940	$425,956	-0.5%
Net Income	$-113,311	$-145,585	-0.2%

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

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

$8,000

Total Directors

$8,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE KATRINE WENDELBOE	EXEC. DIRECT	40.00	Officer Director	$8,000	$0	$8,000
LINE HENRIKSEN	SECRETARY	2.00	Officer Director	$0	$0	$0
STINA HERBERG	VP & TREASUR	2.00	Officer Director	$0	$0	$0
PIA JOEGENSEN	DIRECTOR	0.50	Director	$0	$0	$0
JOSE DAVID PARDO	DIRECTOR	0.50	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	$113,629	$226,940	$100,221	$-113,311
2023	$280,371	$425,956	$238,100	$-145,585
2022	$635,044	$699,422	$391,313	$-64,378
2021	$726,344	$662,047	$500,443	$64,297
2020	$829,627	$836,192	$396,491	$-6,565
2019	$1,595,856	$1,548,471	$379,883	$47,385
2018	$2,002,875	$1,845,961	$270,311	$156,914

INSTITUTE FOR INTERNATIONAL COOPERATION & DEVELOPMENT MICHIGAN