FLINT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MICHIGAN STATE EDUCATION NETWORK, founded in 2014, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Net assets of $12.4M represent 30 months of operating reserves.
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSES SET FORTH IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW (THE "CODE"). THE PRIMARY GOAL OF THE CORPORATION IS TO FACILITATE THE CREATION OF A STATEWIDE EDUCATIONAL NETWORK TO ASSIST IN THE DELIVERY OF ONLINE ASSESSMENTS AND FOSTER THE SHARING OF EDUCATIONAL SERVICES ACROSS THE STATE. THE OBJECTIVE OF THE CORPORATION SHALL INCLUDE, BUT NOT NECESSARILY BE LIMITED TO THE FOLLOWING: A. TO COORDINATE AND LEAD THE FORMATION OF A SUSTAINABLE STATEWIDE EDUCATIONAL NETWORK, B. TO HAVE THE STATEWIDE EDUCATIONAL NETWORK CONNECT ALL INTERMEDIATE SCHOOL DISTRICTS, LOCAL DISTRICTS, AND PUBLIC SCHOOL ACADEMIES IN AN INTRANET THAT CAN EFFICIENTLY DELIVER ONLINE ASSESSMENTS AND FURTHER ENABLE THE SHARING OF SERVICES ACROSS THE STATE, C. TO CREATE AN EXPANDED NETWORK THAT CAN PROVIDE CONNECTIVELY OPTIONS FOR OTHER STATE AND LOCAL GOVERNMENT AGENCIES SUCH T
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,035,637 | $3,804,379 | +0.3% |
| Expenses | $5,296,443 | $5,885,495 | -0.1% |
| Net Income | $-260,806 | $-2,081,116 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID SCHULTE | PRESIDENT | 3.00 |
Officer
|
$0 | $0 | $0 |
| RICHARD FRANKLIN | SECRETARY | 1.00 |
Officer
|
$0 | $0 | $0 |
| STEPHEN MCNEW | EXEC. CO. DI | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVEDA J COLBERT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVE JUDD | EX-OFFICIO | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVEN TUNNICLIFF | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KENNETH GUTMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMIE HUBER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUG LEISENRING | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| TERANCE LUNGER | EXEC. CO. DI | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN SEARLES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $5,035,637 | $5,296,443 | $23,565,109 | $-260,806 |
| 2024 | $3,804,379 | $5,885,495 | $12,753,839 | $-2,081,116 |
| 2023 | $3,584,534 | $5,724,946 | $14,926,285 | $-2,140,412 |
| 2022 | $5,257,344 | $7,857,725 | $20,039,398 | $-2,600,381 |
| 2021 | $3,515,602 | $6,202,527 | $20,916,686 | $-2,686,925 |
Compare MICHIGAN STATE EDUCATION NETWORK with other nonprofits in Michigan and across the country.