MICHIGAN HEALTH LEADERSHIP FUND (EIN 841922853) - 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

2019

Legal Domicile

Principal Officer

LAUCHLIN MACGREGOR

Phone

5173371351

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN HEALTH LEADERSHIP FUND, founded in 2019, is a micro nonprofit that reported $20K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $46K exceeded revenue, resulting in a 129% operating deficit.

Mission

TO ADVANCE THE WELL-BEING OF MICHIGAN RESIDENTS THROUGH THE PROMOTION OF SOUND PUBLIC POLICIES AND RESPONSIBLE LEGISLATION. THE PURPOSE OF THESE ACTIVITIES IS TO PROMOTE POLICIES THAT STRENGTHEN THE MICHIGAN HEALTH CARE SYSTEM.

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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 $20,000

Program Service Revenue $0

Investment Income $261

Other Revenue $0

TOTAL REVENUE $20,261

Expense Breakdown

Grants Paid $35,764

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,764

Other Expenses $10,731

TOTAL EXPENSES $46,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,261	$24,949	-0.2%
Expenses	$46,495	$23,842	+1.0%
Net Income	$-26,234	$1,107	-24.7%

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

$504,102

Total Directors

$237,705

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NITA KULKARNI MD	DIRECTOR	1.00	Director	$0	$0	$0
AMIT GHOSE MD FACP	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA BLAKE	SECRETARY	1.00	Officer Director	$0	$0	$0
THOMAS M GEORGE MD	TREASURER	1.00	Officer Director	$0	$9,142	$237,705
LEAH DAVIS DO	PRESIDENT/CHAIR	1.00	Officer Director	$0	$0	$0
LAUCHLIN MACGREGOR CPA	CFO	0.50	Officer	$0	$35,712	$266,397

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	$20,261	$46,495	No data	$-26,234
2023	$24,949	$23,842	$30,515	$1,107
2022	$296,843	$367,768	$59,408	$-70,925
2021	$459,725	$489,472	$100,333	$-29,747
2020	$43,003	$26,136	$543,820	$16,867

MICHIGAN HEALTH LEADERSHIP FUND