TOTAL REVENUE - FISCAL 2025
$9,628,527
Down 53.4% from $20,641,601 in fiscal 2024.
Michigan Saves
Lansing, Michigan - EIN 27-1388004 - Latest filing: fiscal 2025 (Jan 1, 2025 - Dec 31, 2025)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2025 Form 990, filed Aug 25, 2026. People named below are shown as reported on the fiscal-2025 Form 990, filed Aug 25, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
Michigan Saves reported $9,628,527 in revenue and $14,292,998 in expenses in fiscal 2025, a deficit of $4,664,471 for the year. Program services took $12,355,468 of expenses, or 86.4%. The organization closed the year with $23,602,534 in net assets - about 19.8 months of expenses at the fiscal-2025 spending level.
At a Glance - Fiscal 2025
All values are fiscal 2025 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2025
$14,292,998
Revenue minus expenses: -$4,664,471 in fiscal 2025.
PROGRAM EXPENSE SHARE - FISCAL 2025
86.4%
$12,355,468 of $14,292,998 went to program services.
NET ASSETS - END OF FISCAL 2025
$23,602,534
Total assets $131,020,422 minus total liabilities $107,417,888.
PEOPLE REPORTED - FISCAL 2025
0 Employees
Plus 14 volunteers reported on the fiscal-2025 Form 990.
Money In, Money Out - Fiscal 2025
Revenue and expenses as reported on the fiscal-2025 Form 990, filed Aug 25, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2025
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2025: $0.01 - $26,771 in fundraising expenses divided by $4,214,864 in total contributions.
Where the Money Came From - Fiscal 2025
| Source | Fiscal 2025 |
|---|---|
| Total Contributions | $4,214,864 |
| Government Grants | $3,324,864 |
| All Other Contributions | $890,000 |
| Program Service Revenue | $3,043,198 |
| Investment Income | $2,370,465 |
| Other Revenue | $0 |
| Total Revenue (All Sources) | $9,628,527 |
Reserves and Balance Sheet - Fiscal 2025
Reserves and Runway
19.8 Months
of reserves - $23,602,534 in net assets at the end of fiscal 2025, divided by average monthly expenses of about $1,191,083 in fiscal 2025.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2025
| Total Assets | $131,020,422 |
| Total Liabilities | $107,417,888 |
| Liabilities as Share of Assets | 82.0% |
| Net Assets | $23,602,534 |
Leadership Pay - Fiscal 2025
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2025 Form 990, filed Aug 25, 2026.
No compensation was reported for any officer, director, trustee or key employee on the fiscal-2025 Form 990. Everyone named on the filing served without pay from the organization, as reported.
Board and Governance - Fiscal 2025
Board and policy answers as reported on the fiscal-2025 Form 990, filed Aug 25, 2026.
Board Roster - as Reported on the Fiscal-2025 Form 990
13 voting members, 13 independent - independence count as reported on the fiscal-2025 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| Paul Schutt | President |
| Roselyn Tantraphol | Vice President |
| David Wible | Treasurer |
| Selma Tucker | Secretary |
| Amanda Godward | Director |
| Michael Larson | Director |
| Bryan Lewis | Director |
| Jason Matley | Director |
| Drew Smith | Director |
| Terri Schroeder | Director |
| Conan Smith | Director |
| Alina Verdiyan | Director |
| Angela Thompkins | Director |
| Sally Talberg | Chief Executive Officer |
Governance Policy Flags - Fiscal 2025
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyYes - Reported
Document Retention PolicyYes - Reported
Audited Financial StatementsYes - Reported
Audit CommitteeYes - Reported
Board Size and Independence13 voting / 13 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2025
Grants Made - Fiscal 2025
This organization reported $3,435,025 in grants paid in fiscal 2025.
| Recipient, as Reported | Amount |
|---|---|
| Indiana Energy Independence Fund Program support | $3,435,025 |
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2024 (Prior-Year Column on the Fiscal-2025 Filing) | $20,641,601 | - |
| Fiscal 2025 | $9,628,527 | -53.4% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Jan 1, 2025 - Dec 31, 2025 | Form 990 | In Force - Filed Aug 25, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.