Michigan Association of Public School Academies (EIN 384019362) - 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

2016

Legal Domicile

Principal Officer

David Seitz

Phone

5173749167

Tax Period

2024-07-01 to 2025-06-30

Michigan Association of Public School Academies, founded in 2016, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $765K, a strong 47% operating margin.

Mission

To provide leadership to advance quality and promote choice in education through chartered public schools and their supporters.

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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 $1,490,330

Program Service Revenue $0

Investment Income $122,343

Other Revenue $0

TOTAL REVENUE $1,612,673

Expense Breakdown

Grants Paid $625,822

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $802,438

Other Expenses $221,417

TOTAL EXPENSES $847,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,612,673	$1,479,096	+0.1%
Expenses	$847,239	$1,075,697	-0.2%
Net Income	$765,434	$403,399	+0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
David Seitz	Chair	Officer Director	$0	$0	$0
Buzz Thomas	Vice Chair	Officer Director	$0	$0	$0
John Cleary	Treasurer	Officer Director	$0	$0	$0
David Rudolph	Secretary	Officer Director	$0	$0	$0
Sarah Wildey	Director	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
2025	$1,612,673	$847,239	$3,039,588	$765,434
2024	$1,479,096	$1,075,697	$2,359,060	$403,399
2023	$1,445,129	$917,658	$1,852,764	$527,471
2022	$1,095,360	$668,340	$1,332,415	$427,020
2021	$889,572	$658,135	$1,042,376	$231,437
2020	$753,389	$463,784	$650,196	$289,605
2019	$752,435	$717,902	$403,722	$34,533
2018	$557,807	$512,384	$367,535	$45,423

Michigan Association of Public School Academies