COUNCIL OF MICHIGAN FOUNDATIONS (EIN 386263347) - 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

1975

Legal Domicile

Principal Officer

KYLE CALDWELL

Phone

6168427080

Tax Period

2024-04-01 to 2025-03-31

COUNCIL OF MICHIGAN FOUNDATIONS, founded in 1975, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.8M in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $6.7M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO LEAD, STRENGTHEN AND SUPPORT MICHIGAN'S COMMUNITY OF PHILANTHROPY.

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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 $1,335,560

Program Service Revenue $2,383,421

Investment Income $2,108,246

Other Revenue $3,854

TOTAL REVENUE $5,831,081

Expense Breakdown

Grants Paid $136,674

Salaries & Benefits $3,857,536

Fundraising Expenses $159,838

Program Expenses $5,667,787

Other Expenses $2,727,741

TOTAL EXPENSES $6,721,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,831,081	$13,085,801	-0.6%
Expenses	$6,721,951	$7,880,501	-0.1%
Net Income	$-890,870	$5,205,300	-1.2%

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

340

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

$569,063

Total Directors

$343,202

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE CALDWELL	PRESIDENT/CEO	45.00	Officer Director	$290,823	$52,379	$343,202
KATIE BRISSON	SR. FELLOW	45.00	Highest	$234,790	$33,715	$268,505
REGINA BELL	CHIEF POLICY OFFICER	45.00	Highest	$199,449	$30,807	$230,256
RANDY VAN ANTWERP	CFO/COO	45.00	Officer	$183,840	$42,021	$225,861
BRIDGET MCGUIGGAN	CHIEF STRATEGY OFFICER	45.00	Highest	$171,752	$32,422	$204,174
WILLIAM CORKILL	SENIOR DIRECTOR OF IT	45.00	Highest	$161,250	$27,657	$188,907
DANA LINNANE	DIRECTOR OF RESEARCH AND P	45.00	Highest	$154,691	$36,464	$191,155
KHALILAH BURT GASTON	TRUSTEE	1.00	Director	$0	$0	$0
MARGO PERNICK	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
ZOSIA EPPENSTEINER	TRUSTEE	1.00	Director	$0	$0	$0
LAURA GRANNEMANN	TRUSTEE	1.00	Director	$0	$0	$0
MARY CULLER	TRUSTEE	1.00	Director	$0	$0	$0
PUNITA DANI THURMAN	TRUSTEE	1.00	Director	$0	$0	$0
WENDY JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
MEGAN JOHNSTON	TRUSTEE	1.00	Director	$0	$0	$0
DARIN MCKEEVER	TRUSTEE	1.00	Director	$0	$0	$0
MATT COOK	TRUSTEE	1.00	Director	$0	$0	$0
JAMES LOGAN	TRUSTEE	1.00	Director	$0	$0	$0
CALLAN MAXWELL	TRUSTEE	1.00	Director	$0	$0	$0
SAKURA TAKANO	TRUSTEE	1.00	Director	$0	$0	$0
RIDGWAY WHITE	TRUSTEE (ENDED 01/24)	1.00	Director	$0	$0	$0
DAVID EGNER	TRUSTEE (ENDED 10/24)	1.00	Director	$0	$0	$0
OLIVIA ARNOLD	TRUSTEE (ENDED 01/24)	1.00	Director	$0	$0	$0
JENEE VELASQUEZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HOLLI SEABURY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SHANNON POLK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
YAZEED MOORE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FAYE ALEXANDER NELSON	VICE CHAIR (ENDED 10/24)	1.00	Officer Director	$0	$0	$0
CAMILLE GERVILLE-REACHE	TRUSTEE/SECRETARY	1.00	Officer Director	$0	$0	$0
MAHA FREIJ	TREASURER	1.00	Officer Director	$0	$0	$0
BETH ARDISANA	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
DAVE MENGEBIER	CHAIR	2.00	Officer Director	$0	$0	$0
RENEE JOHNSTON	SECRETARY (ENDED 10/24)	1.00	Officer 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
2025	$5,831,081	$6,721,951	$44,303,606	$-890,870
2024	$13,085,801	$7,880,501	$44,001,855	$5,205,300
2023	$5,763,932	$7,788,748	$38,292,746	$-2,024,816
2022	$7,716,635	$7,768,394	$40,445,631	$-51,759
2021	$5,446,913	$7,495,089	$36,730,384	$-2,048,176
2020	$8,314,831	$7,932,798	$29,899,457	$382,033
2019	$6,042,818	$6,818,237	$30,742,787	$-775,419
2018	$6,814,696	$4,921,667	$33,145,541	$1,893,029

COUNCIL OF MICHIGAN FOUNDATIONS