MICHIGAN NATURE ASSOCIATION

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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

1952

Legal Domicile

Principal Officer

YU MAN LEE

Phone

8662232231

Tax Period

2023-10-01 to 2024-09-30

MICHIGAN NATURE ASSOCIATION, founded in 1952, is a community nonprofit in the Environment sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 230% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 57% operating margin.

Mission

MNA'S PURPOSES ARE: (A) TO ACQUIRE, MAINTAIN, AND PROTECT NATURAL AREAS THAT PREDOMINANTLY CONTAIN EXAMPLES OF MICHIGAN FAUNA, FLORA, GEOLOGIC FEATURES, AND OTHER COMPONENTS AND ASPECTS OF THE NATURAL ENVIRONMENT OF MICHIGAN, INCLUDING HABITAT AND NATURAL COMMUNITIES FOR FISH, WILDLIFE AND PLANTS, IN THE STATE OF MICHIGAN. (B) TO CARRY ON A PROGRAM OF CONSERVATION STUDY AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $885,947 Revenue: $225,142

CONSERVATION: MNA FOCUSES ON PROTECTING CRITICAL HABITAT FOR MICHIGAN'S RARE, THREATENED AND ENDANGERED SPECIES AND SPECIES OF SPECIAL CONCERN AS IDENTIFIED IN THE STATE OF MICHIGAN'S FEDERALLY...

CONSERVATION: MNA FOCUSES ON PROTECTING CRITICAL HABITAT FOR MICHIGAN'S RARE, THREATENED AND ENDANGERED SPECIES AND SPECIES OF SPECIAL CONCERN AS IDENTIFIED IN THE STATE OF MICHIGAN'S FEDERALLY APPROVED 2015 STATE WILDLIFE ACTION PLAN. IN FYE 2024 MNA CONTINUED TO ACQUIRE MORE CRITICAL HABITAT FOR RARE SPECIES AND TO RESTORE AND ENHANCE HABITAT ON PUBLIC AND PRIVATE LAND ACROSS THE STATE THROUGH PRESCRIBED BURNS, INVASIVE SPECIES REMOVAL AND OTHER ACTIONS.

Program 2

Expenses: $170,298

EDUCATION & OUTREACH: THE MICHIGAN NATURE ASSOCIATION PROVIDES A WIDE ARRAY OF ENVIRONMENTAL EDUCATION AND OUTREACH PROGRAMS. FYE 2024 ACTIVITIES INCLUDED PROVIDING ENVIRONMENTAL MINI-GRANTS FOR K-12 STUDENTS; ECOLOGICAL RESEARCH PROJECTS AT SANCTUARIES CONDUCTED BY UNIVERSITY STUDENTS AND FACULTY; AND SPECIFIC PROGRAMS THROUGH STATEWIDE PUBLIC/PARTNERSHIPS SUCH AS THE MICHIGAN VERNAL POOLS PARTNERSHIP.

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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 $2,390,708

Program Service Revenue $225,142

Investment Income $507,319

Other Revenue $-117

TOTAL REVENUE $3,123,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $645,193

Fundraising Expenses $12,642

Program Expenses $1,056,245

Other Expenses $706,700

TOTAL EXPENSES $1,351,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,123,052	$947,181	+2.3%
Expenses	$1,351,893	$1,174,512	+0.2%
Net Income	$1,771,159	$-227,331	-8.8%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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
YU MAN LEE	PRESIDENT	10.00	Officer Director	$0	$0	$0
RUTH VAIL	SECRETARY/TR	5.00	Officer Director	$0	$0	$0
KURT BRAUER	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
AUBREY GOLDEN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID CARTWRIGHT	TRUSTEE	2.00	Director	$0	$0	$0
BRANDON SCHROEDER	TRUSTEE	2.00	Director	$0	$0	$0
MAUREEN MCNULTY SAXTON	TRUSTEE	2.00	Director	$0	$0	$0
MARGARET WELSCH	TRUSTEE	2.00	Director	$0	$0	$0
GARRET JOHNSON	EXECUTIVE DI	40.00	Highest	$113,739	$0	$113,739

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	$3,123,052	$1,351,893	$24,483,775	$1,771,159
2023	$947,181	$1,174,512	$22,079,522	$-227,331
2022	$1,751,494	$1,239,816	$21,916,708	$511,678
2021	$2,035,934	$1,116,529	$22,928,727	$919,405
2020	$1,083,461	$950,471	$21,583,449	$132,990
2019	$2,039,233	$900,195	$21,228,764	$1,139,038
2018	$1,509,668	$966,252	$20,165,896	$543,416