SHIRAS INSTITUTE

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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

1938

Legal Domicile

Principal Officer

WARD RANTALA

Phone

9062289875

Tax Period

2023-01-01 to 2023-12-31

SHIRAS INSTITUTE, founded in 1938, is a micro nonprofit that reported $74K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $65K left a modest 11% surplus.

Mission

TO BENEFIT THE PUBLIC IN THE FIELDS OF BEAUTIFICATION, RECREATION AND CULTURAL ACTIVITIES IN THE CITY OF MARQUETTE, MICHIGAN, AND THE UPPER PENINSULA OF MICHIGAN IN THE BROADEST AND MOST LIBERAL MANNER.

Program Service Accomplishments

Program 1

Expenses: $56,050

PROVIDED GRANTS TO ORGANIZATIONS IN THE UPPER PENINSULA OF MICHIGAN.

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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 $0

Program Service Revenue $0

Investment Income $73,785

Other Revenue $0

TOTAL REVENUE $73,785

Expense Breakdown

Grants Paid $56,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,050

Other Expenses $9,432

TOTAL EXPENSES $65,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,785	$56,719	+0.3%
Expenses	$65,482	$167,168	-0.6%
Net Income	$8,303	$-110,449	-1.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
JAMES REEVS	PRESIDENT	0.20	Officer Director	$0	$0	$0
WARD RANTALA	SECRETARY	0.30	Officer Director	$0	$0	$0
LAURA KATERS-REILLY	TREASURER	0.20	Officer Director	$0	$0	$0
CHERYL HILL	TRUSTEE	0.20	Director	$0	$0	$0
ANDREW WALLNER	TRUSTEE	0.20	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	$73,785	$65,482	$1,441,079	$8,303
2022	$56,719	$167,168	$1,392,950	$-110,449
2021	$131,295	$53,187	$1,641,899	$78,108
2020	$115,905	$16,368	$1,484,549	$99,537
2019	$186,820	$70,752	$1,389,993	$116,068
2018	$26,327	$132,941	$1,247,725	$-106,614