1 MICHIGAN FOR THE GLOBAL MAJORITY INC

EIN: 842249717 501(c)(3) Community Improvement

DETROIT, MI

Total Revenue
$369,414
Total Expenses
$353,657
Total Assets
$31,646
Net Assets
$31,646
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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
MI
Phone
7346126222
Tax Period
2020-01-01 to 2020-12-31

1 MICHIGAN FOR THE GLOBAL MAJORITY INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $369K in total revenue in fiscal year 2020. Revenue surged 903% from the prior year, signaling strong growth momentum. Expenses of $354K left a modest 4% surplus.

Mission

To educate assist and empower marginalized individuals and groups to be permanent contributing and independent members of local communities. To improve intergenerational relations amongst and within various cultural communities. To organize and promote educational and social community centered events and initiatives that promote equality fairness and inclusion throughout all facets of society.

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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 (2020)

Revenue Breakdown

Contributions & Grants $369,414
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $369,414

Expense Breakdown

Grants Paid $280,737
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $353,644
Other Expenses $72,920
TOTAL EXPENSES $353,657

Year-over-Year Comparison

2020 2019 Change
Revenue $369,414 $36,818 +9.0%
Expenses $353,657 $8,765 +39.3%
Net Income $15,757 $28,053 -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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
50

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kate Baker Secretary 1.00
Officer
$0 $0 $0
Lesli Castellanos President 1.00
Officer
$0 $0 $0
Mohammed Cherri Treasurer 1.00
Officer
$0 $0 $0
Samantha Magdaleno Executive Director0 1.00
$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
2020 $369,414 $353,657 $31,646 $15,757
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