LANSING, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
LAUNCH MICHIGAN IS GUIDED BY OUR FRAMEWORK FOR TRANSFORMATION. IT IS A ROADMAP FOR REINVENTING MICHIGAN'S PUBLIC EDUCATION SYSTEM. THE LAUNCH MICHIGAN FRAMEWORK INCLUDES THREE KEY PILLARS: 1.)...
LAUNCH MICHIGAN IS GUIDED BY OUR FRAMEWORK FOR TRANSFORMATION. IT IS A ROADMAP FOR REINVENTING MICHIGAN'S PUBLIC EDUCATION SYSTEM. THE LAUNCH MICHIGAN FRAMEWORK INCLUDES THREE KEY PILLARS: 1.) REINVENTION: CREATE A TOP-PERFORMING EDUCATION SYSTEM FOR MICHIGAN AND WILL UNLOCK A COLLEGE AND CAREER READINESS STANDARD IN A WAY THAT REVOLUTIONIZES EDUCATION IN MICHIGAN AND PROVIDES INNOVATIVE SOLUTIONS FOR ALL STUDENTS AT ALL LEVELS. 2.) RESPONSIBILITY: A REALIGNED AND REDEFINED SYSTEM OF GOVERNANCE & ACCOUNTABILITY TO REDESIGN AN EDUCATION SYSTEM THAT PROMOTES TRANSPARENCY AND ALIGNS OUR STATE'S GOVERNMENT STRUCTURE MORE COHESIVELY AND EFFECTIVELY AND HAS ALL STUDENTS IN MIND. AND 3.) RESOURCES: INCREASED INVESTMENT IN PUBLIC EDUCATION AND WILL INVEST IN OUR STUDENTS IN A WAY THAT ADDRESSES THEIR EVERY NEED, AT EVERY LEVEL, SUPPORTING AND PROMOTING GROWTH AND PROSPERITY IN THEIR FUTURE AND FOR THE FUTURE OF MICHIGAN'S ECONOMY.
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)| 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% |
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
Sign In| 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 |
| 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 |
Compare LAUNCH MICHIGAN with other nonprofits in Michigan and across the country.