MICHIGAN HOUSE INC (EIN 770242299) - 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

1989

Legal Domicile

Principal Officer

GARNETT FOUNTAIN

Phone

5593077263

Tax Period

2023-10-01 to 2024-09-30

MICHIGAN HOUSE INC, founded in 1989, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 29% operating deficit.

Mission

ORGANIZATION PROVIDES RESIDENTIAL CAREFOR AT RISK YOUTH PLACED IN OUR PROGRAM BY THE COUNTY OF FRESNOCALIFORNIA DEPARTMENT OF PROBATION AND HUMAN RESOURCES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,402,702

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,402,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,165,453

Fundraising Expenses $0

Program Expenses $2,296,420

Other Expenses $933,183

TOTAL EXPENSES $3,098,636

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,402,702	$3,322,110	-0.3%
Expenses	$3,098,636	$2,944,230	+0.1%
Net Income	$-695,934	$377,880	-2.8%

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

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

$571,969

Total Directors

$17,087

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARNETT FOUNTAIN	CEO	40.00	Officer	$200,328	$0	$200,328
SENA STREETS	CFO	40.00	Officer	$193,203	$0	$193,203
CARL SMITH SR	Director	40.00	Officer	$178,438	$0	$178,438
RICHARD STREETS SR	Director	0.00	Director	$17,087	$0	$17,087
JOHN FLETCHER	Director	0.00	Director	$0	$0	$0
DARRELL MARTIN	Director	0.00	Director	$0	$0	$0
AMY KOEHLER	Secretary	0.00	Director	$0	$0	$0
ROBERT PRICE	Vice President	0.00	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	$2,402,702	$3,098,636	$232,310	$-695,934
2023	$3,322,110	$2,944,230	$930,382	$377,880
2022	$2,587,912	$2,470,279	$568,584	$117,633
2021	$2,353,411	$2,321,343	$449,969	$32,068
2020	$2,127,074	$1,955,885	$228,580	$171,189
2019	$1,231,566	$1,221,371	$79,894	$10,195

MICHIGAN HOUSE INC