FISHER HOUSE MICHIGAN (EIN 812586691) - 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

2016

Legal Domicile

Principal Officer

BILL HOLMES

Phone

3134836543

Tax Period

2024-01-01 to 2024-12-31

FISHER HOUSE MICHIGAN, founded in 2016, is a community nonprofit in the Public & Societal Benefit sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $2.0M exceeded revenue, resulting in a 21% operating deficit.

Mission

FISHER HOUSE MICHIGAN IS A NOT-FOR-PROFIT ORGANIZATION FORMED TO IMPROVE THE QUALITY OF LIFE OF OUR MILITARY MEMBERS, RETIREES, VETERANS, AND THEIR FAMILIES AND CAREGIVERS. THE ORGANIZATION SUPPORTS THE CONSTRUCTION AND OPERATIONS OF COMFORT HOMES BUILT NEAR VA MEDICAL CENTERS IN MICHIGAN, CALLED ZACHARY AND ELIZABETH M. FISHER HOUSES. THE ORGANIZATION WORKS TO INFORM THE VETERAN COMMUNITY, THEIR FAMILIES, AND THE GENERAL PUBLIC ABOUT FISHER HOUSES, AND PROVIDES NECESSARY SUPPORT TO FISHER HOUSE OPERATIONS AS NEEDED. FISHER HOUSE MICHIGAN PRESENTLY SUPPORTS OPERATIONS AT THE FISHER HOUSE AT LTC CHARLES S. KETTLES VA MEDICAL CENTER IN ANN ARBOR, AND IS RAISING CAPITAL AND PROGRAM FUNDS FOR THE FUTURE HOUSE AT THE JOHN D. DINGELL VA MEDICAL CENTER IN DETROIT.

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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 $1,649,054

Program Service Revenue $0

Investment Income $71,996

Other Revenue $-42,293

TOTAL REVENUE $1,678,757

Expense Breakdown

Grants Paid $1,573,358

Salaries & Benefits $310,054

Fundraising Expenses $151,615

Program Expenses $1,651,933

Other Expenses $141,999

TOTAL EXPENSES $2,025,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,678,757	$1,747,244	0.0%
Expenses	$2,025,411	$1,761,007	+0.2%
Net Income	$-346,654	$-13,763	+24.2%

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

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

$144,221

Total Directors

$144,221

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE MELCHER	EXECUTIVE DI	40.00	Officer Director	$144,221	$0	$144,221
BILL HOLMES	PRESIDENT	5.00	Officer Director	$0	$0	$0
ANDY HOVE	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
HARVEY BERMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
MELISSA JOHNSON	TREASURER	5.00	Officer Director	$0	$0	$0
NANCY DAKIN	DIRECTOR	2.00	Director	$0	$0	$0
SAM KENNEDY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MCCARTHY	DIRECTOR	2.00	Director	$0	$0	$0
JIM MCCLOUGHAN	DIRECTOR	2.00	Director	$0	$0	$0
CARRIE MEAD	DIRECTOR	2.00	Director	$0	$0	$0
CEMONE MOY	DIRECTOR	2.00	Director	$0	$0	$0
MARK PALMUCCI	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD SCHMIDT	DIRECTOR	2.00	Director	$0	$0	$0
DOUG SLOCUM	DIRECTOR	2.00	Director	$0	$0	$0
WARREN SPONSLER	DIRECTOR	2.00	Director	$0	$0	$0
MARK TELLIER	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$1,678,757	$2,025,411	$2,467,012	$-346,654
2023	$1,747,244	$1,761,007	$1,810,483	$-13,763
2022	$1,387,318	$1,434,669	$1,748,009	$-47,351
2021	$1,161,438	$807,689	$1,851,835	$353,749
2020	$1,009,750	$306,775	$1,432,622	$702,975
2019	$2,165,131	$2,223,912	$1,668,365	$-58,781
2018	$995,246	$1,087,411	$724,160	$-92,165

FISHER HOUSE MICHIGAN