Michigan Fitness Association (EIN 851246137) - 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

2020

Legal Domicile

Principal Officer

Bryan Rief

Tax Period

2023-01-01 to 2023-12-31

Michigan Fitness Association, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 4301% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.2M, a strong 93% operating margin.

Mission

The Michigan Fitness Association was Formed as a Direct Result of our Need To Establish a Unified Front and Stand Together as an Industry Here in Michigan. Our Mission is to Protect, Promote and Foster the Interests of all Health and Fitness Business Owners.

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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 $4,347,681

Program Service Revenue $24,125

Investment Income $129,973

Other Revenue $0

TOTAL REVENUE $4,501,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $216,028

Other Expenses $308,101

TOTAL EXPENSES $308,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,501,779	$102,282	+43.0%
Expenses	$308,101	$73,579	+3.2%
Net Income	$4,193,678	$28,703	+145.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elaine Economou	Director	1.00	Director	$0	$0	$0
Donald Jordan	Director	1.00	Director	$0	$0	$0
Derek Dalling	Executive Director	5.00	Director	$0	$0	$0
Mark DuFresne	Director	1.00	Director	$0	$0	$0
Michael Dabish	Director	1.00	Director	$0	$0	$0
Alyssa Tushman	Vice President	2.00	Officer	$0	$0	$0
Bryan Rief	President	2.00	Officer	$0	$0	$0
Henry W Dabish	Treasurer	1.00	Officer	$0	$0	$0
Michael E Stack	Secretary	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,501,779	$308,101	$4,262,324	$4,193,678

Michigan Fitness Association