MICHIGAN FILM INDUSTRY ASSOCIATION (EIN 842683980) - 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

BRIAN KELLY

Phone

5178536787

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN FILM INDUSTRY ASSOCIATION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $101K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $96K left a modest 5% surplus.

Mission

BUILDING SUPPORT TO SHOW HOW THE FILM TAX CREDIT PROMOTES TOURISM IN OUR BEAUTIFUL STATE, CREATES LOCAL JOBS AND INCREASES MICHIGANS GROWTH AND VISIBILITY ACROSS THE COUNTRY.

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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 $100,928

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $100,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $95,984

TOTAL EXPENSES $95,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,928	$69,740	+0.4%
Expenses	$95,984	$96,697	0.0%
Net Income	$4,944	$-26,957	-1.2%

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

N/A

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
DAVID HADDAD	CHAIR	10.00	Officer Director	$0	$0	$0
BRIAN KELLY	1ST VICE CHA	10.00	Officer Director	$0	$0	$0
MICHAEL ANDERSON	2ND VICE CHA	10.00	Officer Director	$0	$0	$0
JONATHAN BRAUE	TREASURER	5.00	Director	$0	$0	$0
PETER KLEIN	SECRETARY	10.00	Director	$0	$0	$0
ALEXANDER PAGE	LEGISLATIVE	14.00	Director	$0	$0	$0
LORRI RISHAR	ADMINISTRATO	N/A	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
2024	$100,928	$95,984	$7,920	$4,944
2023	$69,740	$96,697	$2,976	$-26,957
2022	$85,141	$66,264	$29,933	$18,877
2021	$36,911	$36,611	$11,056	$300
2020	$37,295	$32,939	$10,756	$4,356

MICHIGAN FILM INDUSTRY ASSOCIATION