MICHIGAN EDUCATOR WORKFORCE INITIATIVE (EIN 882716490) - 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

2022

Legal Domicile

Principal Officer

BENJAMAN JACKSON

Phone

5864894150

Tax Period

2023-10-01 to 2024-09-30

MICHIGAN EDUCATOR WORKFORCE INITIATIVE, founded in 2022, is a mid-sized nonprofit in the Education sector that reported $10.2M in total revenue in fiscal year 2023. Revenue surged 1810% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.6M, a strong 55% operating margin.

Mission

THE MICHIGAN EDUCATOR WORKFORCE (MEWI) IS A STATEWIDE NON-PROFIT DEDICATED TO ELIMINATING THE EDUCATOR SHORTAGE IN MICHIGAN. BY CREATING NEW TEACHER PROGRAMS, SUPPORTING THE DEVELOPMENT OF VETERAN TEACHERS, AND INVESTING IN GROWTH OPPORTUNITIES FOR SCHOOL AND SYSTEMS LEADERS, MEWI IS WORKING TO ENSURE EVERY MICHIGAN PUBLIC SCHOOL STUDENT IS SURROUNDED BY EXCELLENT EDUCATORS.

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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 $10,137,488

Program Service Revenue $0

Investment Income $22,218

Other Revenue $41

TOTAL REVENUE $10,159,747

Expense Breakdown

Grants Paid $2,757,099

Salaries & Benefits $1,112,506

Fundraising Expenses $39,583

Program Expenses $3,660,598

Other Expenses $683,063

TOTAL EXPENSES $4,552,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,159,747	$531,818	+18.1%
Expenses	$4,552,668	$388,243	+10.7%
Net Income	$5,607,079	$143,575	+38.1%

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

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

$68,824

Total Directors

$68,824

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK ELSEY	BOARD VICE C	40.00	Officer Director	$61,450	$7,374	$68,824
BENJAMAN JACKSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JASON COOPER	BOARD TREASU	1.00	Officer Director	$0	$0	$0
NICK PARADISO	BOARD SECRET	1.00	Officer Director	$0	$0	$0
LOU GLAZER	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTEN HOWARD	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA WILLIAMS	BOARD MEMBER	1.00	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	$10,159,747	$4,552,668	$7,762,613	$5,607,079
2023	$531,818	$388,243	$237,120	$143,575

MICHIGAN EDUCATOR WORKFORCE INITIATIVE