Petoskey, MI
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Sign In — Free (10 views/day)FRIENDS OF ST MICHAEL, founded in 2021, is a small nonprofit in the Education sector that reported $246K in total revenue in fiscal year 2022. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $288K exceeded revenue, resulting in a 17% operating deficit.
The primary exempt purpose of Friends of St. Michael is promoting Classical Catholic education in Northern Michigan.
The sole program service accomplishment of Friends of St. Michael in 2022 was supporting St. Michael Academy High School, a Classical Catholic High School in Petoskey Michigan. 100% of the expenses...
The sole program service accomplishment of Friends of St. Michael in 2022 was supporting St. Michael Academy High School, a Classical Catholic High School in Petoskey Michigan. 100% of the expenses incurred by Friends of St. Michael were for this activity. Friends of St. Michael provided assistance to St. Michael Academy High School in two ways: (a) directly paying various expenses that supported the operation of St. Michael Academy High School, and (b) granting funds to St. Michael Academy High School. Through this support, Friends of St. Michael helped St. Michael Academy High School deliver a high-quality, Catholic Classical education to 32 students from three counties in Northern Michigan. The long-term objective of Friends of St. Michael is to continue its support of St. Michael Academy High School as well as developing Classical education and programs at other Catholic schools (such as middle schools and elementary schools) in northern Michigan through curriculum support and teacher training.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $245,819 | $186,531 | +0.3% |
| Expenses | $288,408 | $177,960 | +0.6% |
| Net Income | $-42,589 | $8,571 | -6.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Lizette Bondy | President | 5 |
Officer
|
$0 | $0 | $0 |
| Gail Kozlowski | Vice President | 5 |
Officer
|
$0 | $0 | $0 |
| Bret Keefe | Secretary-Treasurer | 5 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $245,819 | $288,408 | $13,382 | $-42,589 |
Compare FRIENDS OF ST MICHAEL with other nonprofits in Michigan and across the country.