MICHIGAN FFA FOUNDATION (EIN 921757324) - 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

2023

Legal Domicile

Principal Officer

ALEXANDRIA SCHNABELRAUCH

Phone

8104763851

Tax Period

2024-07-01 to 2025-06-30

MICHIGAN FFA FOUNDATION, founded in 2023, is a community nonprofit in the Youth Development sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 1193% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.2M, a strong 93% operating margin.

Mission

TO IMPACT YOUTH LEADERSHIP DEVELOPMENT IN MICHIGAN AS IT RELATES TO FUTURE FARMERS OF AMERICA AND AGRISCIENCE EDUCATION INITIATIVES.

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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 $4,439,145

Program Service Revenue $0

Investment Income $113,563

Other Revenue $-133

TOTAL REVENUE $4,552,575

Expense Breakdown

Grants Paid $168,348

Salaries & Benefits $118,922

Fundraising Expenses $51,081

Program Expenses $245,507

Other Expenses $47,455

TOTAL EXPENSES $334,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,552,575	$352,133	+11.9%
Expenses	$334,725	$154,177	+1.2%
Net Income	$4,217,850	$197,956	+20.3%

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

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

$110,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK BANCROFT	DIRECTOR	1.00	Director	$0	$0	$0
EMILY HOUSE	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
TODD DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JANNA FRITZ	DIRECTOR	1.00	Director	$0	$0	$0
BURT HENRY	DIRECTOR	1.00	Director	$0	$0	$0
BECKI KEENAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SANDBORN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES SCOVILL	DIRECTOR	1.00	Director	$0	$0	$0
SARAH VERHELLE	DIRECTOR	1.00	Director	$0	$0	$0
DAN WYANT	DIRECTOR	1.00	Director	$0	$0	$0
JESSIE NASH	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY ROGERS-RANDOLPH	DIRECTOR	1.00	Director	$0	$0	$0
MARK FORBUSH	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MATCHETT	DIRECTOR	1.00	Director	$0	$0	$0
ERIN KOGLIN	SECRETARY	3.00	Officer Director	$0	$0	$0
BARBARA DARTT	TREASURER	3.00	Officer Director	$0	$0	$0
JEFF HAARER	VICE CHAIR	3.00	Officer Director	$0	$0	$0
BRAD MORRILL	CHAIR	3.00	Officer Director	$0	$0	$0
ALEXANDRIA SCHNABELRAUCH	EXECUTIVE DIRECTOR	40.00	Officer	$110,000	$0	$110,000

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
2025	$4,552,575	$334,725	$4,515,468	$4,217,850
2024	$352,133	$154,177	$297,310	$197,956

MICHIGAN FFA FOUNDATION