MICHIGAN KINDNESS FOUNDATION (EIN 922686302) - 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

DOV LOKETCH

Phone

3139631212

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN KINDNESS FOUNDATION, founded in 2023, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $550K in total revenue in fiscal year 2024. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $458K, a strong 83% operating margin.

Mission

TO REDUCE THE IMPACT OF POVERTY AND OTHER ECONOMIC HARDSHIP TO INDIVIDUALS AND FAMILIES, GENERALLY WITHIN THE DETROIT METROPOLITAN AREA.

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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 $550,400

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $550,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $91,067

Other Expenses $92,041

TOTAL EXPENSES $92,041

Year-over-Year Comparison

	2024	2023	Change
Revenue	$550,400	$250,000	+1.2%
Expenses	$92,041	N/A	N/A
Net Income	$458,359	$250,000	+0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOV LOKETCH	PRESIDENT	1.00	Officer Director	$0	$0	$0
MAX BERLIN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ELI HALPERN	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
WENDELL ANTHONY	DIRECTOR	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	$550,400	$92,041	$708,359	$458,359
2023	$250,000	No data	$250,000	No data

MICHIGAN KINDNESS FOUNDATION