Michigan Delta Foundation Inc

Nonprofit profile at a glance

EIN
386104459
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Ann Arbor, MI, USA
Phone
7349979777
Rating confidence
Limited
Sector
Recreational l Clubs

Reported finances

Revenue
$454,820
Expenses
$435,165
Assets
$896,297
Liabilities
$72,586

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • MIKE NICHOLS (PRESIDENT)

People named in this filing

  • BRUCE COURTADE (DIRECTOR)
  • MIKE ROGERS (DIRECTOR)
  • MICHAEL MIRKIL (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Michigan delta foundation inc. Is organized exclusively for charitable, educational, and scientific purposes as described in section 501(c)(7) of the internal revenue code (the "code") by providing educational support to members of the delta chapter of delta tau delta and in the ownership, operation, and maintenance of housing facilities near the university of Michigan. Michigan delta foundation, inc. Will be tax exempt pursuant to section 501(c)(7) of the internal revenue code and will conduct all activities incidental or necessary to achieve the foregoing purposes as permitted under section 501(c)(7) of the internal revenue code. No part of the Michigan delta foundation's earnings shall inure to the benefit of any private shareholder or individual and Michigan delta foundation, inc. Shall not attempt to influence legislation as a substantial part of its activities and will not participate in any campaign activities for or against political candidates.

What it reported doing in 2024

Promotes fellowship, stewardship and other support opportunities between current students and alumni. Efforts support and maintain safe and affordable living accommodations for students pursuing undergraduate and graduate degrees at the university of Michigan.

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 52
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 4.3%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 2.06; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 4.5% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 8.6% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 8 of 8 board members independent · 2 of 7 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.