PEDALS MICHIGAN

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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

2017

Legal Domicile

Principal Officer

RICHARD L DEVORE

Phone

3139616675

Tax Period

2023-01-01 to 2023-12-31

PEDALS MICHIGAN, founded in 2017, is a micro nonprofit in the Community Improvement sector that reported $68K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $973K exceeded revenue, resulting in a 1339% operating deficit.

Mission

PEDALS WORKS HAND IN HAND WITH EARLY CHILDHOOD PROFESSIONALS TO NURTURE CHILDREN'S POSITIVE SOCIAL EMOTIONAL DEVELOPMENT TO BUILD A STRONG FOUNDATION FOR ALL LEARNING.

Program Service Accomplishments

Program 1

Expenses: $748,751

PEDALS WORKS HAND IN HAND WITH EARLY CHILDHOOD PROFESSIONALS TO NURTURE CHILDREN'S POSITIVE SOCIAL EMOTIONAL DEVELOPMENT TO BUILD A STRONG FOUNDATION FOR ALL LEARNING INCLUDING: SECOND STEP - AN...

PEDALS WORKS HAND IN HAND WITH EARLY CHILDHOOD PROFESSIONALS TO NURTURE CHILDREN'S POSITIVE SOCIAL EMOTIONAL DEVELOPMENT TO BUILD A STRONG FOUNDATION FOR ALL LEARNING INCLUDING: SECOND STEP - AN EVIDENCE-BASED CURRICULUM, ASQ-SE - A VALIDATED SCREENING TOOL FOR SOCIAL EMOTIONAL DEVELOPMENT, IN-CLASSROOM COACHING BY EARLY CHILDHOOD EXPERTS FOR TEACHERS AND STAFF, AND DATA-BASED SUSTAINABILITY PLANNING FOR ADMINISTRATORS.

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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 $0

Investment Income $67,649

Other Revenue $0

TOTAL REVENUE $67,649

Expense Breakdown

Grants Paid $36,500

Salaries & Benefits $681,280

Fundraising Expenses $0

Program Expenses $748,751

Other Expenses $255,544

TOTAL EXPENSES $973,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,649	$1,827,217	-1.0%
Expenses	$973,324	$866,255	+0.1%
Net Income	$-905,675	$960,962	-1.9%

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

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

$1,242,540

Total Directors

$690,131

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD L DEVORE	PRESIDENT	0.50	Officer Director	$0	$51,905	$690,131
JAMES B NICHOLSON	CHAIR (END 08/23)	0.50	Officer Director	$0	$0	$0
MARY H WEISER	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
DAVID T PROVOST	CHAIR (BEG 08/23)	0.50	Officer Director	$0	$0	$0
JENILYN NORMAN	VP, FINANCE AND ADMINISTRATION	1.00	Officer	$0	$34,646	$279,354
KATHRYN G BRISSON	VP, PROGRAM	1.00	Officer	$0	$43,765	$273,055

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	$67,649	$973,324	$2,001,595	$-905,675
2022	$1,827,217	$866,255	$2,790,680	$960,962
2021	$1,774,593	$8,557	$1,766,036	$1,766,036