Center for Change A Northern MI Adv (EIN 842534225) - 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

Owen Goslin

Tax Period

2023-01-01 to 2023-12-31

Center for Change A Northern MI Adv, founded in 2018, is a small nonprofit that reported $317K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $288K left a modest 9% surplus.

Mission

Education, Advocacy and Social Welfare

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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 $317,056

Program Service Revenue $0

Investment Income $45

Other Revenue $0

TOTAL REVENUE $317,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $238,595

Fundraising Expenses $0

Program Expenses $238,769

Other Expenses $49,798

TOTAL EXPENSES $288,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$317,101	$224,060	+0.4%
Expenses	$288,393	$192,694	+0.5%
Net Income	$28,708	$31,366	-0.1%

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

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

$12,690

Total Directors

$117,430

Key Employees

$51,738

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joanne Galloway	Exec Director	2.00	Director Key Emp	$51,738	$0	$51,738
Kalvin Carter	Board Member	2.00	Director	$41,960	$0	$41,960
Jennie Hoffmann	Treasurer PY	5.00	Officer	$12,690	$0	$12,690
Nicholas Mitchell	Board Member	2.00	Director	$12,312	$0	$12,312
John Petkus	Board Chair	5.00	Director	$11,420	$0	$11,420
Marlene Murphy	Board Member	2.00	Director	$0	$0	$0
Owen Goslin	Treasurer - PY	2.00	Officer	$0	$0	$0
Paul Warrick	Secretary	10.00	Officer	$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	$317,101	$288,393	$171,228	$28,708
2022	$224,060	$192,694	$138,076	$31,366

Center for Change A Northern MI Adv