FIVE CITIES ASSOCIATION OF MICHIGAN (EIN 386088389) - 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

1953

Legal Domicile

Principal Officer

DAVID HERDER

Phone

2699987278

Tax Period

2024-01-01 to 2024-12-31

FIVE CITIES ASSOCIATION OF MICHIGAN, founded in 1953, is a small nonprofit that reported $439K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 19% operating margin.

Mission

IMPROVE THE SHEET METAL INDUSTRY BY PROMOTING BETTER RELATIONS BETWEEN INDUSTRY MEMBERS & THE PUBLIC.

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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 $0

Program Service Revenue $394,746

Investment Income $44,231

Other Revenue $0

TOTAL REVENUE $438,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,311

Fundraising Expenses $0

Other Expenses $239,354

TOTAL EXPENSES $355,665

Year-over-Year Comparison

	2024	2023	Change
Revenue	$438,977	$350,689	+0.3%
Expenses	$355,665	$285,471	+0.2%
Net Income	$83,312	$65,218	+0.3%

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

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

$107,700

Total Directors

$107,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HERDER	SECRETARY/EX	32.00	Officer Director	$107,700	$0	$107,700
BRUCE BOYER	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN LAPINE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN VANMIDDLESWORTH	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRETT WALTERS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
NICHOLAS ZYGADLO	BOARD MEMBER	1.00	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	$438,977	$355,665	$843,141	$83,312
2023	$350,689	$285,471	$742,831	$65,218
2022	$224,514	$210,396	$629,630	$14,118
2021	$334,122	$228,923	$705,046	$105,199
2020	$284,467	$231,509	$584,308	$52,958
2019	$284,006	$263,403	$496,524	$20,603
2018	$278,723	$215,666	$463,121	$63,057

FIVE CITIES ASSOCIATION OF MICHIGAN