MICHIGAN STATE HORTICULTURAL SOCIETY (EIN 386087989) - 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

1940

Legal Domicile

Principal Officer

BEN SMITH

Tax Period

2023-07-01 to 2024-06-30

MICHIGAN STATE HORTICULTURAL SOCIETY, founded in 1940, is a small nonprofit in the Environment sector that reported $549K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $151K, a strong 27% operating margin.

Mission

CONVENTION TRADE SHOWS AND EDUCATIONAL SEMINARS CONCERNING FRUIT RESEARCH AND HORTICULTURAL PRODUCTS

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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 $180,537

Program Service Revenue $205,217

Investment Income $60,194

Other Revenue $103,173

TOTAL REVENUE $549,121

Expense Breakdown

Grants Paid $289,592

Salaries & Benefits $53,640

Fundraising Expenses $0

Program Expenses $395,908

Other Expenses $55,178

TOTAL EXPENSES $398,410

Year-over-Year Comparison

	2023	2022	Change
Revenue	$549,121	$381,307	+0.4%
Expenses	$398,410	$314,490	+0.3%
Net Income	$150,711	$66,817	+1.3%

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

$50,203

Total Directors

$42,484

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN SMITH	EXECUTIVE SECRETARY	010.00	Officer Director	$42,484	$0	$42,484
KATE LINK	TREASURER	006.00	Officer	$7,719	$0	$7,719
BETH HUBBARD	PRESIDENT	003.00	Officer	$0	$0	$0
MARK EVANS	VICE PRESIDENT	003.00	Officer	$0	$0	$0
CHRIS ALPERS	PRESIDENT ELECT	002.00	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
2025	No data	No data	No data	No data
2024	$549,121	$398,410	$962,520	$150,711
2023	$381,307	$314,490	$811,809	$66,817
2022	$244,566	$369,593	$744,992	$-125,027
2021	$287,999	$192,438	$870,019	$95,561
2020	$255,134	$349,811	$774,458	$-94,677
2019	$245,379	$177,350	$869,135	$68,029

MICHIGAN STATE HORTICULTURAL SOCIETY