Michigan Firehouse Museum and Education Center (EIN 383438839) - 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

1998

Legal Domicile

Principal Officer

Dan Egeler

Phone

7345470663

Tax Period

2024-01-01 to 2024-12-31

Michigan Firehouse Museum and Education Center, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $144K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $239K exceeded revenue, resulting in a 66% operating deficit.

Mission

The mission of the Michigan Firehouse Museum is to enhance the appreciation of firefighting history through engaging and informative exhibits, as well as teaching and promoting fire safety and prevention.

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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 $8,991

Program Service Revenue $77,653

Investment Income $30,439

Other Revenue $26,866

TOTAL REVENUE $143,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,246

Fundraising Expenses $4,587

Program Expenses $202,195

Other Expenses $183,861

TOTAL EXPENSES $239,107

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,949	$270,395	-0.5%
Expenses	$239,107	$285,652	-0.2%
Net Income	$-95,158	$-15,257	+5.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Egeler	President	7.00	Officer Director	$0	$0	$0
Kevin Griffendorf	Secretary/Treasurer	5.00	Officer Director	$0	$0	$0
Kirk Johnson	Director	4.00	Director	$0	$0	$0
Jessica French	Director	1.00	Director	$0	$0	$0
Jim Adams	Director	1.00	Director	$0	$0	$0
Ron Bluhm	Museum Director	20.00	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
2024	$143,949	$239,107	$4,008,086	$-95,158
2023	$270,395	$285,652	$3,907,647	$-15,257
2022	$121,509	$224,612	$3,637,075	$-103,103
2021	$30,370	$245,132	$3,988,393	$-214,762
2020	$533,393	$177,243	$3,902,769	$356,150
2019	$71,369	$186,683	$3,346,275	$-115,314
2018	$57,712	$230,494	$3,252,215	$-172,782

Michigan Firehouse Museum and Education Center