Lansing, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SCHOOL FINANCE RESEARCH FOUNDATION, founded in 2023, is a small nonprofit in the Education sector that reported $833K in total revenue in fiscal year 2025. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $10.0M exceeded revenue, resulting in a 1105% operating deficit.
The School Finance Research Foundation was formed for the following purposes: A. To complete the Michigan School Infrastructure Study and Michigan School Energy Audit as funded by the State of Michigan and defined in Sections 11y and 11aa of the State School Aid Act, Public Act 144 of 2022 (11y) and Public Act 103 of 2023 (11aa); B. To conduct other activities in further promotion of public education; C. To receive and administer funds for the benefit of public education and to lessen the financial burdens of the Michigan public schools and the Michigan Department of Education; D. To raise funds from governmental units and the general public to promote public education; and E. To do such things and to perform such acts to accomplish its purposes as the Board of Directors may determine to be appropriate and as are not forbidden by Section 501(c)(3) of the Code, with all the power conferred on nonprofit corporations under the laws of the State of Michigan.
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)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $833,372 | $1,266,304 | -0.3% |
| Expenses | $10,043,313 | $15,463,581 | -0.4% |
| Net Income | $-9,209,941 | $-14,197,277 | -0.4% |
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 Daveda Colbert | President | 2 |
Director
|
$0 | $0 | $0 |
| Jason Mellema | Treasurer | 2 |
Director
|
$0 | $0 | $0 |
| Jamie Huber | Vice President | 2.00 |
Director
|
$0 | $0 | $0 |
| Dr Teresa Belote | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Mike DeVault | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Paul Hungerford | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Dr Tara Mager | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Dr Steven Tunnicliff | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Dr Gregory Nyen | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Ron Gorman | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Dr Steven McNew | Secretary | 1 |
Director
|
$0 | $0 | $0 |
| Kenneth Gutman | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $833,372 | $10,043,313 | $16,775,471 | $-9,209,941 |
| 2024 | No data | No data | No data | No data |
| 2023 | $41,033,301 | $850,647 | $40,319,177 | $40,182,654 |
Compare SCHOOL FINANCE RESEARCH FOUNDATION with other nonprofits in Michigan and across the country.