MICHIGAN BASEBALL FOUNDATION INC

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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

2006

Legal Domicile

Principal Officer

WILLIAM STAVROPOULOS

Phone

9898372255

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN BASEBALL FOUNDATION INC, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 51% operating deficit.

Mission

THE MICHIGAN BASEBALL FOUNDATION WILL CREATE REGIONAL ECONOMIC DEVELOPMENT AND SUPPORT YOUTH ORGANIZATIONS THROUGH CREATIVE PARTNERSHIPS AND GRANTS BY OPERATING THE FINEST MINOR LEAGUE BASEBALL FACILITY AND EVENTS CENTER IN THE NATION.

Program Service Accomplishments

Program 1

Expenses: $2,822,518 Revenue: $553,164

TO LESSEN THE BURDENS UPON THE VARIOUS LOCAL GOVERNMENTS IN THE COUNTIES OF MIDLAND, BAY AND SAGINAW IN SUCH GOVERNMENTS' EFFORTS TO REVITALIZE AND REINVIGORATE ECONOMIC AND EMPLOYMENT OPPORTUNITIES IN THIS KEY AREA BY GREATLY DECREASING THE COST TO THE COUNTIES OF PROCURING AND SUSTAINING A PROFESSIONAL MINOR LEAGUE BASEBALL TEAM AND BUILDING AND OPERATING A STADIUM FOR THE TEAM; TO PROMOTE THE DEVELOPMENT OF THE SOUTHEAST PORTION OF THE CITY OF MIDLAND BY LOCATING THE STADIUM IN THAT AREA; TO SUPPORT AND COMPLEMENT EXISTING AND PROPOSED INFRASTRUCTURE IMPROVEMENTS ON WHICH THE CITY OF MIDLAND AND THE COUNTY OF MIDLAND ARE PLANNING AND/OR CURRENTLY WORKING; TO FURTHER PROMOTE AMATEUR BASEBALL IN PARTICULAR AND AMATEUR SPORTS IN GENERAL IN THE COUNTIES BY USING ANY EXCESS OF OPERATING REVENUES OVER EXPENSES TO PROVIDE ADDITIONAL FUNDING FOR EXISTING SPORTS PROGRAMS AND/OR TO INSTITUTE NEW SPORTS PROGRAMS IN LOCAL SCHOOLS AND/OR ON AN EXTRACURRICULAR BASIS; AND TO EXPAND EMPLOYMENT OPPORTUNITIES AND INCREASE THE GENERAL LEVEL OF PERSONAL INCOME IN THE COUNTIES; AND, IN GENERAL, TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE COUNTIES AND THEIR PEOPLE.

Program 2

Expenses: $101,715 Revenue: $140,463

SUPPORT OF PUBLIC AND COMMERCIAL ECONOMIC DEVELOPMENT PROJECTS, SOME OF WHICH HAVE BEEN UNDER CONSIDERATION FOR YEARS, BY PROVIDING ADMINISTRATIVE ASSISTANCE, CONSULTATION, EXPERTISE AND ACCESS TO...

SUPPORT OF PUBLIC AND COMMERCIAL ECONOMIC DEVELOPMENT PROJECTS, SOME OF WHICH HAVE BEEN UNDER CONSIDERATION FOR YEARS, BY PROVIDING ADMINISTRATIVE ASSISTANCE, CONSULTATION, EXPERTISE AND ACCESS TO FUNDING. THESE PROJECTS CAN BE ANYWHERE IN MIDLAND, AND TODAY ARE FOCUSED MAINLY IN DOWNTOWN.

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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 $1,221,182

Program Service Revenue $553,164

Investment Income $-38,604

Other Revenue $360,972

TOTAL REVENUE $2,096,714

Expense Breakdown

Grants Paid $135,234

Salaries & Benefits $626,310

Fundraising Expenses $6,161

Program Expenses $2,924,233

Other Expenses $2,409,731

TOTAL EXPENSES $3,171,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,096,714	$2,558,067	-0.2%
Expenses	$3,171,275	$2,997,211	+0.1%
Net Income	$-1,074,561	$-439,144	+1.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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
WILLIAM STAVROPOULOS	CHAIRMAN, CE	1.00	Officer Director	$0	$0	$0
MICHAEL HAYES	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JANA CHOTIVKOVA	TREASURER, C	1.00	Officer	$0	$0	$0
WILLIAM COLLINS	GENERAL COUN	1.00	Officer	$0	$0	$0
ROBERT PLISHKA	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RATHBUN	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD UNGERLEIDER	DIRECTOR	1.00	Director	$0	$0	$0
LYDIA WATSON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BARBEAU	DIRECTOR	1.00	Director	$0	$0	$0
SARAH OPPERMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RAMAKER	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
2024	$2,096,714	$3,171,275	$30,923,567	$-1,074,561
2023	$2,558,067	$2,997,211	$32,233,209	$-439,144
2022	$2,041,614	$3,100,530	$32,660,328	$-1,058,916
2021	$1,046,440	$2,358,825	$33,974,034	$-1,312,385
2020	$811,935	$2,241,960	$35,237,015	$-1,430,025
2019	$667,857	$3,742,400	$36,533,915	$-3,074,543
2018	$1,791,055	$3,543,562	$39,110,560	$-1,752,507