Mental Health Awareness of Michiana Inc (EIN 824359500) - 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

2018

Legal Domicile

Principal Officer

Lisa Kelly

Tax Period

2024-01-01 to 2024-12-31

Mental Health Awareness of Michiana Inc, founded in 2018, is a small nonprofit in the Mental Health sector that reported $226K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $284K exceeded revenue, resulting in a 26% operating deficit.

Mission

The goal of the organization is to promote the understanding that good mental health is a critical part of overall wellness and break down the barriers that prevent access to care.

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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 $216,623

Program Service Revenue $6,213

Investment Income $2,802

Other Revenue $0

TOTAL REVENUE $225,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,348

Fundraising Expenses $4,109

Program Expenses $29,740

Other Expenses $71,895

TOTAL EXPENSES $284,243

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,638	$254,868	-0.1%
Expenses	$284,243	$143,905	+1.0%
Net Income	$-58,605	$110,963	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nancy Bean	Treasurer	1.00	Officer Director	$0	$0	$0
Colleen Wilcox	Secretary	1.00	Officer Director	$0	$0	$0
Heather Holleman	Co-Founder	10.00	Director	$0	$0	$0
Julianna Herring	Director	1.00	Director	$0	$0	$0
Yessica Lawson	Vice-President	1.00	Officer Director	$0	$0	$0
Kelli Brien	Director	1.00	Director	$0	$0	$0
Marian Krizman	Director	1.00	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
2024	$225,638	$284,243	$119,221	$-58,605
2023	$254,868	$143,905	$175,347	$110,963

Mental Health Awareness of Michiana Inc