MSU BOOKSTORE 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

1931

Legal Domicile

Principal Officer

CHAD SCHREIER

Phone

4069942811

Tax Period

2024-04-01 to 2025-03-31

MSU BOOKSTORE INC, founded in 1931, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $3.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE MSU BOOKSTORE, INC. IS DEDICATED TO SUPPORTING THE GOALS OF THE UNIVERSITY BY SATISFYING CUSTOMER NEEDS WITH THE BEST POSSIBLE SERVICE, PRODUCTS AND PRICES IN A CUSTOMER-FRIENDLY ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $2,093,737 Revenue: $3,133,550

SALES OF BOOKS, SUPPLIES, AND OTHER MERCHANDISE.

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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 $0

Investment Income $132,521

Other Revenue $3,015,836

TOTAL REVENUE $3,148,357

Expense Breakdown

Grants Paid $500

Salaries & Benefits $2,099,856

Fundraising Expenses $0

Program Expenses $2,093,737

Other Expenses $1,542,132

TOTAL EXPENSES $3,642,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,148,357	$1,982,622	+0.6%
Expenses	$3,642,488	$3,803,588	0.0%
Net Income	$-494,131	$-1,820,966	-0.7%

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

116

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

$195,125

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM STUMP	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
MARC GUILLIAN	BOARD VICE CHAIR	5.00	Officer Director	$0	$0	$0
JEFFREY CONGER	BOARD MEMBER	5.00	Director	$0	$0	$0
SUSAN RAPH	BOARD MEMBER	5.00	Director	$0	$0	$0
JACOB ZINK	BOARD MEMBER	5.00	Director	$0	$0	$0
DURWARD SOBEK	UNIVERSITY PRESIDENT'S APPOINTEE	5.00	Director	$0	$0	$0
CHAD SCHREIER	PRESIDENT AND CEO	40.00	Officer	$165,691	$29,434	$195,125
KRISTIN ZITTERKOPF	CHIEF BRANDING OFFICER	40.00	Highest	$105,571	$24,097	$129,668

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	$3,148,357	$3,642,488	$8,896,221	$-494,131
2024	$1,982,622	$3,803,588	$4,427,257	$-1,820,966
2023	$4,804,922	$4,873,640	$5,868,943	$-68,718
2022	$2,344,973	$3,007,162	$6,705,481	$-662,189
2021	$1,329,894	$2,461,762	$6,046,118	$-1,131,868
2020	$2,979,995	$2,733,489	$7,394,163	$246,506