UMIC INC (EIN 946128010) - 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

1963

Legal Domicile

Principal Officer

MICHAEL J VLAMING

Phone

7075526040

Tax Period

2024-07-01 to 2025-06-30

UMIC INC, founded in 1963, is a small nonprofit that reported $174K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $196K exceeded revenue, resulting in a 12% operating deficit.

Mission

LABOR CONTRACT NEGOTIATION AND ADMINISTRATION

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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 $166,978

Program Service Revenue $0

Investment Income $6,894

Other Revenue $0

TOTAL REVENUE $173,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,593

Other Expenses $195,604

TOTAL EXPENSES $195,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$173,872	$281,517	-0.4%
Expenses	$195,604	$181,873	+0.1%
Net Income	$-21,732	$99,644	-1.2%

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
MICHAEL J VLAMING	EXECUTIVE DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL LESCURE	PRESIDENT	2.00	Officer Director	$0	$0	$0
TIM MCCLENAHAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GARY MCCLENAHAN	TREASURER	2.00	Officer Director	$0	$0	$0
JOE NELMS	SECRETARY	2.00	Officer Director	$0	$0	$0
TIM HOLZ	DIRECTOR	2.00	Director	$0	$0	$0
TIFANY MONZON	DIRECTOR	2.00	Director	$0	$0	$0
GREG GOEBEL	DIRECTOR	2.00	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
2025	$173,872	$195,604	$625,660	$-21,732
2024	$281,517	$181,873	$647,007	$99,644
2023	$423,493	$163,558	$547,088	$259,935
2019	$225,132	$133,230	$211,679	$91,902

UMIC INC