MICHIGAN BAC APPRENTICESHIP & TRAINING FUND (EIN 386158556) - 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

1968

Legal Domicile

Principal Officer

SAME AS C ABOVE

Phone

5173217502

Tax Period

2022-05-01 to 2022-12-31

MICHIGAN BAC APPRENTICESHIP & TRAINING FUND, founded in 1968, is a small nonprofit that reported $314K in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. Expenses of $288K left a modest 8% surplus.

Mission

DEFRAYING TRAINING COSTS FOR APPRENTICES AND JOURNEYMEN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $215,000

Investment Income $12,285

Other Revenue $86,806

TOTAL REVENUE $314,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,328

Fundraising Expenses $0

Program Expenses $202,837

Other Expenses $193,390

TOTAL EXPENSES $287,718

Year-over-Year Comparison

	2022	2021	Change
Revenue	$314,091	$382,897	-0.2%
Expenses	$287,718	$435,190	-0.3%
Net Income	$26,373	$-52,293	-1.5%

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

Total Directors

$716,492

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BRYLOWSKI	TRUSTEE	1.00	Director	$0	$50,125	$151,745
GREG LOBODZINSKI	TRUSTEE	1.00	Director	$0	$47,946	$145,559
CHAD MORRISON	TRUSTEE	1.00	Director	$0	$47,946	$145,559
DARYL NICHOLS	TRUSTEE	1.00	Director	$0	$47,946	$145,559
PAUL DUNFORD	TRUSTEE	1.00	Director	$0	$0	$128,070
TC BAKER	TRUSTEE	1.00	Director	$0	$0	$0
RICK BENNER	TRUSTEE	1.00	Director	$0	$0	$0
ANDY BRACY	TRUSTEE	1.00	Director	$0	$0	$0
BRAD LEIDAL	CHAIR	1.00	Director	$0	$0	$0
KIMMBERLY SIEWERT	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA STRACHAN	SECRETARY	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
2022	$382,897	$435,190	$1,372,932	$-52,293
2022	$314,091	$287,718	No data	$26,373
2021	$547,114	$636,755	$1,504,561	$-89,641
2020	$322,096	$480,893	$1,506,947	$-158,797
2019	$433,549	$419,964	$1,747,972	$13,585
2018	$333,511	$425,793	$1,800,073	$-92,282

MICHIGAN BAC APPRENTICESHIP & TRAINING FUND