LAUNCH MICHIGAN (EIN 920358917) - 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

TERRY H GARDNER

Phone

2488770001

Tax Period

2024-01-01 to 2024-12-31

LAUNCH MICHIGAN, founded in 2022, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 192% from the prior year, signaling strong growth momentum. The organization ran a surplus of $564K, a strong 35% operating margin.

Mission

LAUNCH MICHIGAN IS A CROSS-PARTISAN, NONPROFIT ORGANIZATION THAT INCLUDES EDUCATION, BUSINESS, LABOR AND PHILANTHROPIC LEADERS WORKING TOGETHER TO REIMAGINE MICHIGAN'S SYSTEM OF PUBLIC EDUCATION TO PREPARE EVERY CHILD FOR SUCCESS AFTER HIGH SCHOOL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,605,717

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,605,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $185,073

Program Expenses $624,764

Other Expenses $985,586

TOTAL EXPENSES $1,041,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,605,717	$550,067	+1.9%
Expenses	$1,041,586	$501,446	+1.1%
Net Income	$564,131	$48,621	+10.6%

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

$284,313

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR VENESSA KEESLER	PRESIDENT & CEO	40.00	Officer	$264,000	$20,313	$284,313
BILL PARFET	DIRECTOR	1.00	Director	$0	$0	$0
RONALD E HALL JR	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MCPHEE	DIRECTOR	1.00	Director	$0	$0	$0
DR NIKOLAI VITTI	DIRECTOR	1.00	Director	$0	$0	$0
GERRY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
SANDY BARUAH	DIRECTOR	1.00	Director	$0	$0	$0
LEE GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
TINA KERR	DIRECTOR	1.00	Director	$0	$0	$0
JEFF DONOFRIO	CHAIR	1.00	Officer Director	$0	$0	$0
CHANDRA MADAFFERI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN CALLEY	TREASURER	1.00	Officer Director	$0	$0	$0
PUNITA DANI THURMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRY H GARDNER	CFO	4.00	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
2024	$1,605,717	$1,041,586	$672,177	$564,131
2023	$550,067	$501,446	$105,421	$48,621

LAUNCH MICHIGAN