MICHAELS CARES (EIN 450546717) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

APRIL NEVAREZ

Phone

9724095858

Tax Period

2025-01-01 to 2025-12-31

MICHAELS CARES, founded in 2006, is a small nonprofit in the Human Services sector that reported $625K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Expenses of $535K left a modest 14% surplus.

Mission

MICHAELS CARES PROVIDES FINANCIAL ASSISTANCE TO MICHAELS STORES, INC. EMPLOYEES IN THE UNITED STATES WHO SUFFER AS A RESULT OF NATURAL DISASTERS, FIRES, OR PERSONAL DIFFICULTIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $624,819

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $624,819

Expense Breakdown

Grants Paid $466,397

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $481,107

Other Expenses $68,242

TOTAL EXPENSES $534,639

Year-over-Year Comparison

	2025	2024	Change
Revenue	$624,819	$680,838	-0.1%
Expenses	$534,639	$754,295	-0.3%
Net Income	$90,180	$-73,457	-2.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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
KEVIN UPDEGROVE	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTOPHER FREEMAN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
APRIL NEVAREZ	TREASURER	2.00	Officer Director	$0	$0	$0
ASAD RAHMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
VIVIAN DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
TONYA HOLTON	BOARD MEMBER	2.00	Director	$0	$0	$0
CASEY MCEUIN	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK HIBBS	BOARD MEMBER	2.00	Director	$0	$0	$0
BRITTANY WILSON	BOARD MEMBER	2.00	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
2025	$624,819	$534,639	$283,882	$90,180
2024	$680,838	$754,295	$193,702	$-73,457
2023	$410,016	$877,229	$267,159	$-467,213
2022	$183,818	$809,919	$734,372	$-626,101
2021	$1,039,776	$693,477	$1,418,785	$346,299
2020	$182,374	$523,628	$1,014,174	$-341,254
2019	$705,314	$428,363	$1,355,428	$276,951
2018	$688,667	$491,552	$1,078,477	$197,115

MICHAELS CARES