MICHIGAN-CHINA BUSINESS DEVELOPMENT GROUP D/B/A MICHIGAN-CHINA INNOVATION

EIN: 811789490 501(c)(3)

TROY, MI

Total Revenue
$406,608
Total Expenses
$624,601
Total Assets
$486,030
Net Assets
$480,023
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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
2016
Legal Domicile
MI
Principal Officer
BRIAN CONNORS
Phone
5174556344
Tax Period
2020-10-01 to 2021-09-30

MICHIGAN-CHINA BUSINESS DEVELOPMENT GROUP D/B/A MICHIGAN-CHINA INNOVATION, founded in 2016, is a small nonprofit that reported $407K in total revenue in fiscal year 2020. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $625K exceeded revenue, resulting in a 54% operating deficit.

Mission

THE MICHIGN CHINA INNOVATION CENTER IS A NON-PROFIT ORGANIZATION BUILDING BUSINESS TIES AND ENHANCING COOPERATION BETWEEN MICHIGAN AND CHINA. FOUNDED IN 2016 WITH A GRANT FROM THE STATE OF MICHIGAN, OUR WORK, CARRIED OUT IN BOTH MICHIGAN AND CHINA, INCLUDES: *ATTRACTING CHINESE INVESTMENT TO MICHIGAN *MARKETING MICHIGAN IN CHINA *BUILDING RELATIONSHIPS WITH INDIVIDUALS, BUSINESSES, BUSINESS GROUPS, AND GOVERNMENTAL UNITS IN CHINA *ORGANIZING A WIDE VARIETY OF COLLABORATIONS BETWEEN MICHIGAN AND CHINESE PARTNERS

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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 (2020)

Revenue Breakdown

Contributions & Grants $463,659
Program Service Revenue $0
Investment Income $-57,051
Other Revenue $0
TOTAL REVENUE $406,608

Expense Breakdown

Grants Paid $0
Salaries & Benefits $416,129
Fundraising Expenses $0
Program Expenses $523,792
Other Expenses $208,472
TOTAL EXPENSES $624,601

Year-over-Year Comparison

2020 2019 Change
Revenue $406,608 $909,335 -0.6%
Expenses $624,601 $902,240 -0.3%
Net Income $-217,993 $7,095 -31.7%
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

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Governance

Voting Members
4
Independent Members
3
Employees
5
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
2
$174,980
Total Directors
4
$174,980
Key Employees
1
$156,090
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN CONNORS PRESIDENT, TREASURER, DIRE 40.00
Officer Director
$174,980 $0 $174,980
MATTHEW X ROLING SECRETARY, DIRECTOR 0.00
Officer Director
$0 $0 $0
ANTONIO LUCK DIRECTOR 0.00
Director
$0 $0 $0
GWENDOLYN BUTLER DIRECTOR 0.00
Director
$0 $0 $0
COURTNEY HENDERSON EMPLOYEE 40.00
Key Emp
$156,090 $0 $156,090
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
2021 $406,608 $624,601 $486,030 $-217,993
2020 $909,335 $902,240 $716,904 $7,095
2019 $904,545 $1,079,587 $752,498 $-175,042
2018 $1,000,300 $1,197,035 $895,968 $-196,735
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