Let MI Kids Learn (EIN 873203200) - 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

2021

Legal Domicile

Principal Officer

Mary Doster

Phone

5175254994

Tax Period

2023-01-01 to 2023-03-31

Let MI Kids Learn, founded in 2021, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.8M, a strong 100% operating margin.

Mission

To serve as a ballot question committee to promote legislation amending the Michigan Income Tax Act and adopting the Student Opportunity Scholarship Act.

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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 $6,830,434

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,830,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,917

Other Expenses $11,507

TOTAL EXPENSES $11,507

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,830,434	$3,268,455	+1.1%
Expenses	$11,507	$11,381,865	-1.0%
Net Income	$6,818,927	$-8,113,410	-1.8%

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

$3,350

Total Directors

$3,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Doster	Treasurer	1	Officer Director	$3,350	$0	$3,350
Beth DeShone	President	1	Officer Director	$0	$0	$0
Sarah Paciorek	Secretary	1	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
2023	$6,830,434	$11,507	No data	$6,818,927
2022	$3,268,455	$11,381,865	$406,073	$-8,113,410
2021	$1,710,285	$415,802	$1,294,483	$1,294,483

Let MI Kids Learn