JOBS FOR MICHIGAN COUNCIL

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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

HEATHER LOMBARDINI

Phone

5172679012

Tax Period

2023-01-01 to 2023-12-31

JOBS FOR MICHIGAN COUNCIL, founded in 2018, is a small nonprofit that reported $198K in total revenue in fiscal year 2023. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $387K exceeded revenue, resulting in a 95% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE CITIZENS OF MICHIGAN WITH AN UNDERSTANDING OF HOW CURRENT POLICY INITIATIVES WILL AFFECT THEIR WELL-BEING; PROMOTE THE COMMON GOOD, ECONOMIC GROWTH AND GENERAL WELFARE OF THE CITIZENS OF MICHIGAN; AND DISCUSS PUBLIC POLICY INITIATIVES WHICH IMPACT MICHIGAN'S ABILITY TO CREATE AND SUSTAIN JOBS FOR THE CITIZENS OF MICHIGAN.

Program Service Accomplishments

Program 1

Expenses: $345,600

GRANTS TO ORGANIZATIONS WITH SIMILAR EXEMPT PURPOSES.

Program 2

Expenses: $30,734

EXPENDITURES INCURRED TO FURTHER ORGANIZATIONS MISSION.

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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 $198,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $198,500

Expense Breakdown

Grants Paid $345,600

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $376,334

Other Expenses $41,885

TOTAL EXPENSES $387,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$198,500	$991,250	-0.8%
Expenses	$387,485	$1,322,338	-0.7%
Net Income	$-188,985	$-331,088	-0.4%

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
PAUL CORDES	SECRETARY	1.00	Officer Director	$0	$0	$0
ELLEN KLETZKA	TREASURER	1.00	Officer Director	$0	$0	$0
HEATHER LOMBARDINI	PRESIDENT	1.00	Officer 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
2023	$198,500	$387,485	No data	$-188,985
2022	$991,250	$1,322,338	$188,985	$-331,088
2021	$162,000	$5,179	$520,073	$156,821
2020	$352,000	$1,625	$363,252	$350,375