PROSPERITY MICHIGAN INC (EIN 843158975) - 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

HUGH MADDEN

Phone

7342502070

Tax Period

2023-01-01 to 2023-12-31

PROSPERITY MICHIGAN INC, founded in 2019, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $344K, a strong 25% operating margin.

Mission

PROSPERITY MICHIGAN IS THE NONPARTISAN VOICE ADVOCATING FOR ECONOMIC GROWTH AND OPPORTUNITY FOR ALL MICHIGANDERS, WE MAKE A PRO-OPPORTUNITY AGENDA FRONT AND CENTER WITH ELECTED OFFICIALS, CANDIDATES, AND VOTERS BY MOBILIZING CITIZENS AS A FORCE FOR A PROSPEROUS FUTURE.

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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 $1,394,067

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,394,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,300

Fundraising Expenses $0

Program Expenses $1,050,354

Other Expenses $929,054

TOTAL EXPENSES $1,050,354

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,394,067	$4,442,455	-0.7%
Expenses	$1,050,354	$4,560,764	-0.8%
Net Income	$343,713	$-118,309	-3.9%

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

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

$112,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUGH MADDEN	Executive Dir.	20.00	Officer	$112,500	$0	$112,500
CHERYL HADSALL	President	1.00	Officer Director	$0	$0	$0
SUSAN SOLOMON	Secretary	1.00	Officer Director	$0	$0	$0
JOHN KNAPPMANN	Treasurer	1.00	Officer 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	No data	No data	No data	No data
2023	$1,394,067	$1,050,354	$414,447	$343,713
2022	$4,442,455	$4,560,764	$70,734	$-118,309
2021	$790,774	$625,123	$189,043	$165,651
2020	$1,873,364	$1,878,528	$23,392	$-5,164
2019	$250,000	$221,444	$28,556	$28,556

PROSPERITY MICHIGAN INC