MICHAEL'S PLACE

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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

2001

Legal Domicile

Principal Officer

MELINDA BUELL

Phone

2319476453

Tax Period

2024-07-01 to 2025-06-30

MICHAEL'S PLACE, founded in 2001, is a small nonprofit in the Mental Health sector that reported $905K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $827K left a modest 9% surplus.

Mission

PROVIDES SUPPORT AND ADVOCACY FOR GRIEVING CHILDREN, TEENS AND FAMILIES AND INCREASES COMMUNITY AWARENESS.

Program Service Accomplishments

Program 1

Expenses: $651,483 Revenue: $40,417

MICHAEL'S PLACE IS PROUD TO REPORT THAT THIS YEAR, WE WELCOMED NEARLY 300 NEW PARTICIPANTS, EXPERIENCED A 41% INCREASE IN PROGRAM ATTENDANCE, ASSISTED SCHOOLS THROUGH THEIR LOSS OF STUDENTS OR...

MICHAEL'S PLACE IS PROUD TO REPORT THAT THIS YEAR, WE WELCOMED NEARLY 300 NEW PARTICIPANTS, EXPERIENCED A 41% INCREASE IN PROGRAM ATTENDANCE, ASSISTED SCHOOLS THROUGH THEIR LOSS OF STUDENTS OR FACULTY/STAFF, PROVIDED GRIEF SUPPORT TO NEARLY 5,000 INDIVIDUALS ACROSS 19 COUNTIES IN NORTHERN MICHIGAN, AND ESTABLISHED A NEW PARTNERSHIP WITH NORTHERN MICHIGAN PEER NETWORK.WE PROVIDED IN-SCHOOL SUPPORT GROUPS TO 16 SCHOOLS TO NEARLY 1000 STUDENTS. CHILDREN'S GRIEF IS UNIQUE, AND GRIEVING CHILDREN, IF LEFT UNSUPPORTED, WILL BECOME GRIEVING ADULTS.WE LAUNCHED FIVE NEW SUPPORT GROUPS AND WORKSHOPS, INCLUDING ADULT LOSS OF PARENT SUPPORT GROUPS, MEN'S GATHERINGS, BEREAVED SPOUSE SUPPORT GROUP, AND MINDFULNESS AND GRIEF GROUPS.OUR TEAM OF 185 VOLUNTEERS CONTRIBUTED 2,700 HOURS OF SERVICE THIS YEAR, INCLUDING 14 NEWLY TRAINED FACILITATORS WHO WILL PROVIDE DIRECT GRIEF SUPPORT TO THE BEREAVED IN OUR REGION.

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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 $844,941

Program Service Revenue $40,216

Investment Income $19,915

Other Revenue $201

TOTAL REVENUE $905,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $602,256

Fundraising Expenses $87,128

Program Expenses $651,483

Other Expenses $224,710

TOTAL EXPENSES $826,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$905,273	$1,018,483	-0.1%
Expenses	$826,966	$816,934	+0.0%
Net Income	$78,307	$201,549	-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

Employees

Volunteers

185

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

$121,405

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN BROWNE	PRESIDENT	3.00	Officer Director	$0	$0	$0
JUDY HARRISON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DOUGLAS MORGENSTERN	TREASURER	2.00	Officer Director	$0	$0	$0
GRETCHEN OVERBEEK	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS DENNOS	TRUSTEE	1.00	Director	$0	$0	$0
DON ALFORD	TRUSTEE	1.00	Director	$0	$0	$0
ERIN WHITING	TRUSTEE	1.00	Director	$0	$0	$0
MELINDA BUELL	CEO/EXECUTIVE DIRECTOR	40.00	Officer	$117,821	$3,584	$121,405

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	$905,273	$826,966	$993,778	$78,307
2024	$1,018,483	$816,934	$793,743	$201,549
2023	$594,421	$661,077	$635,116	$-66,656
2022	$540,903	$585,298	$620,242	$-44,395
2021	$629,373	$468,321	$664,090	$161,052