FOLDS OF HONOR MICHIGAN INC (EIN 813386786) - 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

JOHN SOMERS

Tax Period

2023-01-01 to 2023-12-31

FOLDS OF HONOR MICHIGAN INC, founded in 2016, is a small nonprofit in the Education sector that reported $408K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring.

Mission

TO FUND EDUCATIONAL SCHOLARSHIPS FOR THE DEPENDENTS OF FALLEN AND DISABLED ACTIVE DUTY MILITARY SERVICE MEMBERS.

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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 $466,323

Program Service Revenue $0

Investment Income $0

Other Revenue $-58,783

TOTAL REVENUE $407,540

Expense Breakdown

Grants Paid $397,313

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $416,718

Other Expenses $24,503

TOTAL EXPENSES $421,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$407,540	$671,859	-0.4%
Expenses	$421,816	$571,370	-0.3%
Net Income	$-14,276	$100,489	-1.1%

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

N/A

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
MARK ARMINIO	MICHIGAN REP	0.25	Director	$0	$0	$0
DOUG BELL	BOARD MEMBER	2.00	Director	$0	$0	$0
ANN DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK KELLEY	BOARD EXEC T	0.25	Director	$0	$0	$0
MADONNA KRAMER	SECETARY	2.00	Officer Director	$0	$0	$0
GARY MCINERNEY	BOARD MEMBER	0.25	Director	$0	$0	$0
JOHN SOMERS	BOARD PRESID	1.00	Officer Director	$0	$0	$0
CHRIS STRENG	BOARD TREASU	3.00	Officer Director	$0	$0	$0
SKIP STRZELECKI	BOARD MEMBER	0.25	Director	$0	$0	$0
SCOTT WAGASKY	BOARD MEMBER	0.25	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	No data	No data	No data	No data
2023	$407,540	$421,816	$126,212	$-14,276
2022	$671,859	$571,370	$140,488	$100,489
2021	$246,885	$220,320	$39,999	$26,565

FOLDS OF HONOR MICHIGAN INC