NATIONAL GUARD ASSOCIATION OF MICHIGAN

EIN: 386071277

LANSING, MI

Total Revenue
$593,106
Total Expenses
$582,134
Total Assets
$305,190
Net Assets
$260,092
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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
1957
Legal Domicile
MI
Principal Officer
JEFF FRISBY
Phone
5179441676
Tax Period
2020-10-01 to 2021-09-30

NATIONAL GUARD ASSOCIATION OF MICHIGAN, founded in 1957, is a small nonprofit that reported $593K in total revenue in fiscal year 2020.

Mission

THE NATIONAL GUARD ASSOCIATION OF MICHIGAN (NGAM) EXISTS TO ADVANCE THE INTERESTS OF THE MICHIGAN NATIONAL GUARD AND VETERANS IN FINANCIAL NEED. FORMED IN 1956, NGAM HAS A 63-YEAR TRADITION OF PROVIDING SERVICES TO ITS MEMBERS AND SUPPORT FOR THEIR FAMILIES. IN 1962, WE WERE INCORPORATED AS A 501(C)19 NON-PROFIT VETERANS ORGANIZATION. OUR MISSION: ADVANCE THE INTERESTS OF THE MICHIGAN NATIONAL GUARD, PROMOTE THE WELFARE OF THE MICHIGAN NATIONAL GUARD, ENCOURAGE FRIENDLY SOCIAL RELATIONS AMONG MEMBERS, PROVIDE MEMBER BENEFITS, COMMUNICATE INFORMATION, PROMOTE LEGISLATION ON BEHALF OF GUARD MEMBERS. OUR VISION: TOTAL AND ACTIVE MEMBERSHIP, ACTIVE AND SUSTAINING CORPORATE SUPPORT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $21,325
Program Service Revenue $22,971
Investment Income $0
Other Revenue $548,810
TOTAL REVENUE $593,106

Expense Breakdown

Grants Paid $294,955
Salaries & Benefits $118,093
Fundraising Expenses $0
Program Expenses $402,468
Other Expenses $169,086
TOTAL EXPENSES $582,134

Year-over-Year Comparison

2020 2019 Change
Revenue $593,106 $579,496 +0.0%
Expenses $582,134 $516,035 +0.1%
Net Income $10,972 $63,461 -0.8%
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
11
Independent Members
9
Employees
1
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
15
$102,129
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SIMON BRACKETT PRESIDENT 5.00
Officer Director
$0 $0 $0
RICHIE SANDS 1ST VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
TONY WOODRUFF 2ND VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
NICOLE O'HALLORAN SECRETARY 2.00
Officer Director
$0 $0 $0
OLIVER MATT OHRSTROM TREASURER 2.00
Officer Director
$0 $0 $0
AMIE KEMPPAINEN PAST PRESIDENT 0.50
Officer Director
$0 $0 $0
MICHAEL WILSON RETIREE REP.-ARMY 0.50
Director
$0 $0 $0
JOE STEVENS RETIREE REP. - AIR 0.50
Director
$0 $0 $0
KATRINA GOLAB ENLISTED CORPS REP 2.00
Director
$0 $0 $0
BENJAMIN PHARIS OFFICER CORPS REP 0.50
Director
$0 $0 $0
BUZZ LARSON CO GRADE OFFICER REP 0.50
Director
$0 $0 $0
AARON FISCELLI JUNIOR ENLISTED REP 0.20
Director
$0 $0 $0
CHAMPAGNE COOK SEL REPRESENTATIVE 0.20
Director
$0 $0 $0
DEBRA SALTERS PROGRAMS DIRECTOR 16.00
Director
$0 $0 $0
JEFF FRISBY EXECUTIVE DIRECTOR 40.00
Director
$102,129 $0 $102,129
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
2021 $593,106 $582,134 $305,190 $10,972
2020 $579,496 $516,035 $265,759 $63,461
2019 $588,495 $553,323 $228,303 $35,172
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