MIDWEST INDEPENDENT RETAILERS FOUNDATION INC

EIN: 383457246 501(c)(3) Education

WEST BLOOMFIELD, MI

Total Revenue
$225,249
Total Expenses
$128,340
Total Assets
$622,461
Net Assets
$558,678
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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
MI
Phone
2486719600
Tax Period
2024-01-01 to 2024-12-31

MIDWEST INDEPENDENT RETAILERS FOUNDATION INC, founded in 1998, is a small nonprofit in the Education sector that reported $225K in total revenue in fiscal year 2024. The organization ran a surplus of $97K, a strong 43% operating margin.

Mission

PROVIDING SCHOLARSHIPS TO DESERVING STUDENTS; TO PROMOTE CONTINUING EDUCATION; TO SUPPORT PROGRAMS IN HIGH SCHOOLS, TECHNICAL CENTERS VOCATIONAL SCHOOLS, COLLEGES, AND UNIVERSITIES; TO FURTHER COMMUNITY ENRICHMENT THROUGH SUPPORT OF AREA CHARITABLE ORGANIZATIONS' ACTIVITIES THAT CANNOT BE CONDUCTED IN-HOUSE DUE TO FUNDING AND INFRASTRUCTURE LIMITATIONS. TO EDUCATE THE PUBLIC IN CONJUNCTION WITH THE MICHIGAN DEPARTMENT OF AGRICULTURE AND OTHERS REGARDING THE BENEFITS OF BUYING LOCAL AND EATING FRESH PRODUCE. TO INFORM THE PUBLIC REGARDING CHANGES TO FOOD ASSISTANCE PROGRAMS/BENEFITS. TO ENCOURAGE ACCESS TO HEALTHY, FRESH AND SUSTAINABLY GROWN FOOD.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $188,790
Program Service Revenue $0
Investment Income $41,189
Other Revenue $-4,730
TOTAL REVENUE $225,249

Expense Breakdown

Grants Paid $53,904
Salaries & Benefits $31,000
Fundraising Expenses $7,750
Program Expenses $78,978
Other Expenses $43,436
TOTAL EXPENSES $128,340

Year-over-Year Comparison

2024 2023 Change
Revenue $225,249 $-74,612 -4.0%
Expenses $128,340 $102,015 +0.3%
Net Income $96,909 $-176,627 -1.5%
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

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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
25

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
3
$186,904
Total Directors
9
$186,904
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL WILD CHAIRMAN 2.0
Officer Director
$0 $20,414 $186,904
CLIFTON DENHA TREASURER 0.3
Officer Director
$0 $0 $0
VANESSA DENHA SECRETARY 0.3
Officer Director
$0 $0 $0
BOBBY HESANO BOARD MEMBER 0.3
Director
$0 $0 $0
GEORGE HOLTON BOARD MEMBER 0.3
Director
$0 $0 $0
JOHN DENHA BOARD MEMBER 0.3
Director
$0 $0 $0
KHALIL RAHAL BOARD MEMBER 0.3
Director
$0 $0 $0
NABBY YONO BOARD MEMBER 0.3
Director
$0 $0 $0
PAUL ELHINDI BOARD MEMBER 0.3
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 $225,249 $128,340 $622,461 $96,909
2023 $-74,612 $102,015 $683,823 $-176,627
2022 $49,621 $65,217 $682,912 $-15,596
2021 $99,501 $60,826 $657,963 $38,675
2019 $91,086 $69,431 $551,049 $21,655
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