MICHIGAN STEAM ENGINE AND THRESHER… - Form 990 Financial Data

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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

1958

Legal Domicile

Tax Period

2023-08-01 to 2024-07-31

MICHIGAN STEAM ENGINE AND THRESHERS CLUB, founded in 1958, is a small nonprofit in the Arts, Culture & Humanities sector that reported $215K in total revenue in fiscal year 2023. Revenue surged 181% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 60% operating margin.

Mission

THE HISTORICAL IMPORTANCE ON THE STEAM ENGINE

Program Service Accomplishments

Program 1

Expenses: $79,225

TO SHOW THE HISTORY OF THE STEAM ENGINE

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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 $40,480

Program Service Revenue $172,808

Investment Income $710

Other Revenue $800

TOTAL REVENUE $214,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,225

Other Expenses $86,227

TOTAL EXPENSES $86,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,798	$76,412	+1.8%
Expenses	$86,227	$60,886	+0.4%
Net Income	$128,571	$15,526	+7.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD LUKS	DIRECTOR	1.00	Director	$0	$0	$0
SAM LONDON	DIRECTOR	1.00	Director	$0	$0	$0
JIM SHROCK	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN CHATFIELD	PRESIDENT	1.00	Officer	$0	$0	$0
KALON LUKS	SECRETARY	1.00	Officer	$0	$0	$0
WESLEY DONETH	TREASURER	1.00	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
2024	$2,684	$32,998	$339,222	$-30,314
2024	$214,798	$86,227	$369,536	$128,571
2023	$76,412	$60,886	$240,965	$15,526
2022	$82,659	$38,836	$225,439	$43,823
2021	$92,360	$42,391	$181,616	$49,969
2020	$4,667	$33,773	$131,647	$-29,106
2019	$103,725	$72,979	$160,753	$30,746
2018	$68,478	$56,326	$130,007	$12,152

MICHIGAN STEAM ENGINE AND THRESHERS CLUB