PACE ASSOCIATION OF MICHIGAN (EIN 473449049) - 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

2015

Legal Domicile

Principal Officer

LUKE REYNOLDS

Phone

2694419332

Tax Period

2024-07-01 to 2025-06-30

PACE ASSOCIATION OF MICHIGAN, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $352K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $388K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO SUPPORT, SAFEGUARD, AND EXPAND MICHIGAN PACE PROGRAMS AND INITIATIVES THROUGH EDUCATION AND ADVOCACY AND TO ENHANCE THE LIVES OF PACE PARTICIPANTS AND THEIR CAREGIVERS.

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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 $0

Program Service Revenue $350,273

Investment Income $1,329

Other Revenue $0

TOTAL REVENUE $351,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $8,320

Other Expenses $388,125

TOTAL EXPENSES $388,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$351,602	$404,910	-0.1%
Expenses	$388,125	$340,016	+0.1%
Net Income	$-36,523	$64,894	-1.6%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUKE REYNOLDS	PRESIDENT	1.00	Officer	$0	$0	$0
MARY NABER	VICE PRESIDE	1.00	Officer	$0	$0	$0
SONJA LOVE-FELTON	DIRECTOR	1.00	Director	$0	$0	$0
KEN ROBBINS	TREASURER	1.00	Officer	$0	$0	$0
HEIDI GRAS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BENJAMIN	DIRECTOR	1.00	Director	$0	$0	$0
QIANA HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
LISA MINNS	DIRECTOR	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
2025	$351,602	$388,125	$434,703	$-36,523
2024	$404,910	$340,016	$471,226	$64,894
2023	$393,783	$287,103	$406,042	$106,680
2022	$377,206	$336,804	$299,362	$40,402
2021	$432,485	$261,574	$256,160	$170,911
2020	$251,877	$213,390	$86,749	$38,487
2019	$248,508	$223,723	$48,262	$24,785

PACE ASSOCIATION OF MICHIGAN