ST MICHAEL ACADEMY

EIN: 831363787 501(c)(3) Education

PETOSKEY, MI

Total Revenue
$849,408
Total Expenses
$670,283
Total Assets
$230,139
Net Assets
$50,064
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MI
Principal Officer
JOSHUA MERCER
Phone
2314893302
Tax Period
2024-07-01 to 2025-06-30

ST MICHAEL ACADEMY, founded in 2013, is a small nonprofit in the Education sector that reported $849K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $179K, a strong 21% operating margin.

Mission

ST. MICHAEL ACADEMY (SMA) IS A NON-PUBLIC SCHOOL THAT HAS MET THE ADEQUACY REQUIREMENTS OF THE STATE BOARD OF EDUCATION. THE MISSION OF SMA IS TO PREPARE STUDENTS FOR COLLEGE AND FOR LIFE THROUGH THE DEVELOPMENT OF THE WHOLE PERSON ACCORDING TO HIGH STANDARDS OF MORAL AND INTELLECTUAL EXCELLENCE. IT IS THE INTENT OF ST. MICHAEL ACADEMY TO ENGAGE EXCLUSIVELY IN RELIGIOUS, EDUCATIONAL AND CHARITABLE ACTIVITIES. SMA FOLLOWS A CLASSICAL CURRICULUM AND GRANTS HIGH SCHOOL DIPLOMAS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $607,831
Program Service Revenue $113,040
Investment Income $23
Other Revenue $128,514
TOTAL REVENUE $849,408

Expense Breakdown

Grants Paid $0
Salaries & Benefits $446,874
Fundraising Expenses $10,074
Program Expenses $643,882
Other Expenses $223,409
TOTAL EXPENSES $670,283

Year-over-Year Comparison

2024 2023 Change
Revenue $849,408 $675,067 +0.3%
Expenses $670,283 $644,103 +0.0%
Net Income $179,125 $30,964 +4.8%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
17
Volunteers
15

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA MERCER PRESIDENT 2.00
Officer Director
$0 $0 $0
STEVE PERRAULT VICE-PRESIDE 2.00
Officer Director
$0 $0 $0
BRYAN NOLAN SECRETARY 2.00
Officer Director
$0 $0 $0
JOHN RAMER DIRECTOR 1.00
Director
$0 $0 $0
NICK BARACOS DIRECTOR 1.00
Director
$0 $0 $0
PENNY CLEMENS DIOCESAN REP 1.00
Director
$0 $0 $0
KENDALL HAYES DIRECTOR 1.00
Director
$0 $0 $0
BRET KEEFE DIRECTOR 1.00
Director
$0 $0 $0
DAVID SLIFKA 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
2025 $849,408 $670,283 $230,139 $179,125
2024 $675,067 $644,103 $117,081 $30,964
2023 $834,143 $671,072 $135,299 $163,071
2022 $731,496 $399,109 $16,906 $332,387
2021 $811,648 $760,366 $4,161 $51,282
2020 $404,632 $791,777 $-55,372 $-387,145
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