THE FINANCIAL PLANNING ASSOCIATION OF MICHIGAN (EIN 581311621) - 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

1982

Legal Domicile

Principal Officer

ROBERT INGRAM

Phone

3132785320

Tax Period

2024-01-01 to 2024-12-31

THE FINANCIAL PLANNING ASSOCIATION OF MICHIGAN, founded in 1982, is a small nonprofit that reported $149K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $143K left a modest 4% surplus.

Mission

TO SERVE THE NEEDS OF ITS MEMBERS AND TO ESTABLISH THE VALUE OF FINANCIAL PLANNING AND THE SUCCESS OF THE FINANCIAL PLANNING PROFESSION.

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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 $149,359

Investment Income $0

Other Revenue $0

TOTAL REVENUE $149,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,728

Fundraising Expenses $0

Program Expenses $143,138

Other Expenses $96,410

TOTAL EXPENSES $143,138

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149,359	$135,993	+0.1%
Expenses	$143,138	$149,493	0.0%
Net Income	$6,221	$-13,500	-1.5%

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

N/A

Employees

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
ANNA-MARIA ASTOR	BOARD OF DIR	N/A	Director	$0	$0	$0
SARAH CARUANA	CHAPTER EXEC	N/A	Director	$0	$0	$0
ADAM FINCH	BOARD OF DIR	N/A	Director	$0	$0	$0
JULIE HALL	CHAIRPERSON	N/A	Director	$0	$0	$0
SANDRA KERR	BOARD OF DIR	N/A	Director	$0	$0	$0
COLIN OVERWEG	BOARD OF DIR	N/A	Director	$0	$0	$0
NATHAN ZOLYNSKY	BOARD OF DIR	N/A	Director	$0	$0	$0
KELSEY ARVAI	SECRETARY	N/A	Officer	$0	$0	$0
ROBERT INGRAM	PRESIDENT	N/A	Officer	$0	$0	$0
NICK NAUTA	TREASURER	N/A	Officer	$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
2024	$149,359	$143,138	$38,969	$6,221
2023	$135,993	$149,493	$37,665	$-13,500
2022	$116,496	$150,352	$55,633	$-33,856
2021	$89,851	$90,145	$74,740	$-294
2020	$103,380	$95,630	$75,048	$7,750
2019	$131,686	$147,790	$67,290	$-16,104
2018	$148,911	$147,225	$83,394	$1,686

THE FINANCIAL PLANNING ASSOCIATION OF MICHIGAN