Michigan Prosperity Project (EIN 475052381) - 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

Richard Hagerstrom

Phone

5177637499

Tax Period

2020-09-01 to 2021-08-31

Michigan Prosperity Project, founded in 2015, is a micro nonprofit that reported $22K in total revenue in fiscal year 2020. Revenue surged 455% from the prior year, signaling strong growth momentum. Expenses of $25K exceeded revenue, resulting in a 10% operating deficit.

Mission

The organization has educated the public about the benefits of economic liberty and limited government through forums and seminars and community events, as well as through direct mail contact.

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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 (2020)

Revenue Breakdown

Contributions & Grants $22,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $22,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,816

Other Expenses $24,776

TOTAL EXPENSES $24,776

Year-over-Year Comparison

	2020	2019	Change
Revenue	$22,500	$4,053	+4.6%
Expenses	$24,776	$26,001	0.0%
Net Income	$-2,276	$-21,948	-0.9%

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
Richard Hagerstrom	President	025.00	Officer Director	$0	$0	$0
Craig Burgers	Treasurer	003.00	Officer Director	$0	$0	$0
Diane Schindlbeck	Secretary	003.00	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
2021	$22,500	$24,776	$1,550	$-2,276
2020	$4,053	$26,001	$3,826	$-21,948
2019	No data	No data	No data	No data
2019	$519,372	$594,055	$25,774	$-74,683
2018	$100,000	$6,923	$100,457	$93,077

Michigan Prosperity Project