MICHIGAN INDUSTRIAL AND TECHNOLOGY

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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

1928

Legal Domicile

Principal Officer

ADAM CARR

Phone

2693431201

Tax Period

2018-09-01 to 2019-08-31

MICHIGAN INDUSTRIAL AND TECHNOLOGY, founded in 1928, is a micro nonprofit that reported $76K in total revenue in fiscal year 2018. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

ENCOURAGE IND/TECH EDUCATION

Program Service Accomplishments

Program 1

Expenses: $75,599 Revenue: $75,868

CONVENTION PROVIDES COMMERCIAL EXHIBITS AND DISPLAYS, PROFESSIONAL DEVELOPMENT SESSIONS, AND REGIONAL FAIRS WITH STUDENT PROJECTS AND A STATE FAIR JOURNAL PUBLISHES INFORMATION CONCERNING CURRENT...

CONVENTION PROVIDES COMMERCIAL EXHIBITS AND DISPLAYS, PROFESSIONAL DEVELOPMENT SESSIONS, AND REGIONAL FAIRS WITH STUDENT PROJECTS AND A STATE FAIR JOURNAL PUBLISHES INFORMATION CONCERNING CURRENT ISSUES, TRENDS, AND CURRICULUM IN INDUSTRIAL ARTS TO KEEP MEMBERS AND PROFESSIONALS INFORMED. AWARDS AND SCHOLARSHIPS ARE GIVEN TO STUDENTS AND PROFESSIONALS TO STIMULATE THE INTEREST AND PROGRESS OF STUDENTS IN THE INDUSTRIAL ARTS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $75,826

Program Service Revenue $0

Investment Income $42

Other Revenue $0

TOTAL REVENUE $75,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,599

Other Expenses $75,599

TOTAL EXPENSES $75,599

Year-over-Year Comparison

	2018	2017	Change
Revenue	$75,868	$62,752	+0.2%
Expenses	$75,599	$77,937	0.0%
Net Income	$269	$-15,185	-1.0%

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

445

Independent Members

445

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM CARR	PRESIDENT	N/A	Officer	$0	$0	$0
JOSH BURKHARD	TREASURER	N/A	Officer	$0	$0	$0
CHUCK LUCHIES	VICE PRESIDE	N/A	Officer	$0	$0	$0
YASMIN OBERLIN	SECRETARY	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
2019	$75,868	$75,599	$70,419	$269
2018	$62,752	$77,937	$70,150	$-15,185