MIM SCHOLARSHIP FOUNDATION

EIN: 383604416 501(c)(3) Education

LIVONIA, MI

Total Revenue
$79,128
Total Expenses
$35,345
Total Assets
$500,249
Net Assets
$499,897
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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

Principal Officer
PHILIPPE LEDENT
Phone
3132125784
Tax Period
2024-01-01 to 2024-12-31

MIM SCHOLARSHIP FOUNDATION is a micro nonprofit in the Education sector that reported $79K in total revenue in fiscal year 2024. The organization ran a surplus of $44K, a strong 55% operating margin.

Mission

TO ENCOURAGE ACADEMIC ACHEIVEMENT THROUGH THE ISSUANCE OF EDUCATIONAL SCHOLARSHIPS TO ARCHITECTURE, ENGINEERING AND CONSTRUCTION MANAGEMENT STUDENTS.

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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 $38,850
Program Service Revenue $0
Investment Income $17,468
Other Revenue $22,810
TOTAL REVENUE $79,128

Expense Breakdown

Grants Paid $28,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $31,750
Other Expenses $7,345
TOTAL EXPENSES $35,345

Year-over-Year Comparison

2024 2023 Change
Revenue $79,128 $79,027 +0.0%
Expenses $35,345 $32,633 +0.1%
Net Income $43,783 $46,394 -0.1%
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
23
Independent Members
23
Employees
N/A
Volunteers
N/A

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
6
$0
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT ALBAUGH TRUSTEE N/A
Director
$0 $0 $0
TC BAKER SECRETARY N/A
Officer Director
$0 $0 $0
BILL BARKER TREASURER N/A
Officer Director
$0 $0 $0
DOUG BARRON VICE-PRES/AL N/A
Officer Director
$0 $0 $0
ANDY BRACY TRUSTEE N/A
Director
$0 $0 $0
JAKE BRODER TRUSTEE N/A
Director
$0 $0 $0
BRIAN BRONKEMA TRUSTEE N/A
Director
$0 $0 $0
GREIG CARNEVALE TRUSTEE N/A
Director
$0 $0 $0
TODD DAILEY PRESIDENT N/A
Officer Director
$0 $0 $0
JULIE DINTMAN ALTERNATE N/A
Director
$0 $0 $0
OMAR FARIS TRUSTEE N/A
Director
$0 $0 $0
TIM FRANKLAND ALTERNATE N/A
Director
$0 $0 $0
JIM GENDRON ALTERNATE N/A
Director
$0 $0 $0
RICHARD KARWOWSKI ALTERNATE N/A
Director
$0 $0 $0
MELISSA KLINE TRUSTEE N/A
Director
$0 $0 $0
ANDREW LOBBESTAEL ALTERNATE N/A
Director
$0 $0 $0
BRAD MAURER TRUSTEE N/A
Director
$0 $0 $0
BRIAN PIXLEY TRUSTEE N/A
Director
$0 $0 $0
SCOTT SCHEPERS VICE PRES. N/A
Officer Director
$0 $0 $0
JEFF SNYDER TRUSTEE N/A
Director
$0 $0 $0
JERRY SNYDER TRUSTEE N/A
Director
$0 $0 $0
MIKE TARDICH ALTERNATE N/A
Director
$0 $0 $0
CHARLIE WILES ALTERNATE N/A
Director
$0 $0 $0
PHILIPPE LEDENT EXECUTIVE DI N/A
Officer
$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 $79,128 $35,345 $500,249 $43,783
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