THE MICHIGAN FOLK SCHOOL

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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

JASON GOLD

Tax Period

2022-01-01 to 2022-12-31

THE MICHIGAN FOLK SCHOOL, founded in 2015, is a small nonprofit in the Education sector that reported $187K in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $161K left a modest 14% surplus.

Mission

ENTITY IS ORGANIZED TO EDUCATE THE PUBLIC REGARDING FARM LIFE AND WILL HOLD EDUCATIONAL SEMINARS AND DEMONSTRATIONS OF VARIOUS TECHNIQUES OF FARMING AND HAND MADE CRAFTS.

Program Service Accomplishments

Program 1

Expenses: $145,142 Revenue: $186,228

WE HOSTED WORKSHOPS AND CLASSES. AS A NON-PROFIT, OUR FINANCIAL FOCUS IS BREAKING EVEN PER COURSE, WHICH ENABLES US TO LOWER OUR TUITION AND INCREASE OUR PATRONAGE. FURTHER, AS A NON-PROFIT, WE OFTEN INVITE THE PUBLIC TO RALLY THEIR COURSE IDEAS INTO CLASSES AND WORKSHOPS THAT ADVANCE COMMUNITY OPPORTUNITIES, SUCH AS CANNING PARTIES AND FREE WORKSHOPS WITH AREA CRAFTSPEOPLE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $675

Program Service Revenue $186,228

Investment Income $3

Other Revenue $0

TOTAL REVENUE $186,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $145,142

Other Expenses $160,614

TOTAL EXPENSES $160,614

Year-over-Year Comparison

	2022	2021	Change
Revenue	$186,906	$159,654	+0.2%
Expenses	$160,614	$132,882	+0.2%
Net Income	$26,292	$26,772	0.0%

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

$40,025

Total Directors

$75,725

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON GOLD	CHAIRMAN	2.50	Officer Director	$36,200	$0	$36,200
JULIA GOLD	TREASURER	1.00	Officer Director	$3,825	$0	$3,825
ANNE STEVENSON	VICE-CHAIRMA	5.00	Officer Director	$0	$0	$0
TOM FREEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
THEO EGGERMONT	BOARD MEMBER	5.00	Director	$0	$0	$0
STEPHANIE ARIGANELLO	SECRETARY	5.00	Officer Director	$0	$0	$0
ANDREA BLOHM	BOARD MEMBER	5.00	Director	$1,500	$0	$1,500
WADE BUCK	BOARD MEMBER	2.00	Director	$34,200	$0	$34,200

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
2022	$186,906	$160,614	$197,702	$26,292
2021	$159,654	$132,882	$171,410	$26,772
2020	$88,824	$89,864	$144,638	$-1,040
2020	$88,824	$89,864	$144,638	$-1,040