THE FINANCIAL PLANNING ASSOCIATION OF MICHIGAN

EIN: 581311621

DEARBORN, MI

Total Revenue
$152,563
Total Expenses
$131,364
Total Assets
$62,856
Net Assets
$54,210
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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
MI
Principal Officer
NICHOLAS NAUTA
Phone
3132785320
Tax Period
2025-01-01 to 2025-12-31

THE FINANCIAL PLANNING ASSOCIATION OF MICHIGAN, founded in 1982, is a small nonprofit that reported $153K in total revenue in fiscal year 2025. Expenses of $131K left a modest 14% 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.

Program Service Accomplishments

Program 1
Revenue: $118,380

MONTHLY EDUCATIONAL MEETINGS AVAILABLE FOR ALL MEMBERS.

Program 2

ANNUAL ONE DAY EDUCATIONAL CONFERENCE/PROGRAM AVAILABLE FOR ALL MEMBERS.

Program 3

ANNUAL TWO DAY EDUCATIONAL CONFERENCE/PROGRAM AVAILABLE FOR ALL MEMBERS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $148,647
Investment Income $2,179
Other Revenue $1,737
TOTAL REVENUE $152,563

Expense Breakdown

Grants Paid $0
Salaries & Benefits $50,840
Fundraising Expenses $0
Program Expenses $131,364
Other Expenses $80,524
TOTAL EXPENSES $131,364

Year-over-Year Comparison

2025 2024 Change
Revenue $152,563 $149,359 +0.0%
Expenses $131,364 $143,138 -0.1%
Net Income $21,199 $6,221 +2.4%
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

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Governance

Voting Members
4
Independent Members
N/A
Employees
1
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
4
$0
Total Directors
8
$45,740
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH CARUANA CHAPTER EXEC 40.00
Director
$45,740 $0 $45,740
ANNA-MARIA ASTOR BOARD OF DIR N/A
Director
$0 $0 $0
SUZY BEELER BOARD OF DIR N/A
Director
$0 $0 $0
JESSICA CONNARN BOARD OF DIR N/A
Director
$0 $0 $0
JULIA HALL BOARD OF DIR N/A
Director
$0 $0 $0
ROBERT INGRAM BOARD CHAIR N/A
Officer Director
$0 $0 $0
JENNIE SPURLOCK BOARD OF DIR N/A
Director
$0 $0 $0
CODY VANDERHAGEN BOARD OF DIR N/A
Director
$0 $0 $0
KELSEY ARVAI SECRETARY N/A
Officer
$0 $0 $0
ADAM FINCH TREASURER N/A
Officer
$0 $0 $0
NICHOLAS NAUTA PRESIDENT 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
2025 $152,563 $131,364 $62,856 $21,199
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
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