MICHIGAN IRISH MUSIC FESTIVAL

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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

2000

Legal Domicile

Principal Officer

KEVIN DONOVAN

Phone

2316832035

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN IRISH MUSIC FESTIVAL, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $898K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $811K left a modest 10% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE IRISH CULTURE AND HERITAGE WHILE ENHANCING THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $810,632

HOLD ANNUAL EVENTS TO PROMOTE SOCIAL WELFARE EDUCATION BASED ON IRISH TRADITIONS, HERITAGE AND MUSIC, BRING VISITORS TO THE COMMUNITY, ENCOURAGE COMMUNITY GROWTH, GIVE CHILDREN SAFE ACTIVITIES AND...

HOLD ANNUAL EVENTS TO PROMOTE SOCIAL WELFARE EDUCATION BASED ON IRISH TRADITIONS, HERITAGE AND MUSIC, BRING VISITORS TO THE COMMUNITY, ENCOURAGE COMMUNITY GROWTH, GIVE CHILDREN SAFE ACTIVITIES AND PROMOTE COMMON GOOD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $234,800

Program Service Revenue $653,485

Investment Income $574

Other Revenue $9,577

TOTAL REVENUE $898,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $810,632

Other Expenses $810,632

TOTAL EXPENSES $810,632

Year-over-Year Comparison

	2023	2022	Change
Revenue	$898,436	$803,474	+0.1%
Expenses	$810,632	$788,878	+0.0%
Net Income	$87,804	$14,596	+5.0%

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

200

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
ERIC ANDERSON	TRUSTEE	2.00	Director	$0	$0	$0
TOM BITSON	TRUSTEE	2.00	Director	$0	$0	$0
KRIS COLLEE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
KEVIN DONOVAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOE DOYLE	TRUSTEE	2.00	Director	$0	$0	$0
MARK GRANT	TRUSTEE	2.00	Director	$0	$0	$0
LAURA HOLMES	TRUSTEE	2.00	Director	$0	$0	$0
LASHELLE MIKESELL	TRUSTEE	2.00	Director	$0	$0	$0
JOE PRESTON	TRUSTEE	2.00	Director	$0	$0	$0
DAN RINSEMA-SYBENGA	TREASURER	2.00	Officer Director	$0	$0	$0
TOM SCHAUB	TRUSTEE	2.00	Director	$0	$0	$0
DEBBIE SMITH	SECRETARY	2.00	Officer Director	$0	$0	$0
MARC VANDERSTELT	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW ZAHRT	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS ZAHRT	TRUSTEE	2.00	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	No data	No data	No data	No data
2023	$898,436	$810,632	$542,993	$87,804
2022	$803,474	$788,878	$453,915	$14,596
2021	$182,351	$99,304	$443,646	$83,047
2020	$65,744	$57,893	$355,705	$7,851
2019	$664,163	$663,331	$348,095	$832
2018	$618,235	$633,763	$348,547	$-15,528