Health Care (E86) IRS Verified DX Registered 990 on File

MICHAELS MEMORIES INC

EIN: 45-1445101 · DENTON, TX 76201-6018 · United States · FY 2024 Data

3 out of 5 47 / 100 Based on 2+ years of filings

Financial strength (30%) 61/100

Reliability (20%) 50/100

Effectiveness (25%) 73/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

To provide firefighters with cancer the opportunity to "getaway from cancer" on a vacation with their family. Allowing them to reconnect and escape the stress, trauma, and financial burden that undergoing cancer treatment creates while also involving the community and raising cancer awareness to the public.

Financial Overview — FY 2024

$18K

Total Revenue

$35K

Total Expenses

$86K

Net Assets

N/A

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 93.6%

Fundraising Efficiency 73.1%

Operating Reserve 29.31x

Liability-to-Asset N/A

Revenue Diversification 42.4%

Compared with Peers

FY 2024

Compared with 3,350 similar organizations (United States, Health Care, under $100K in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	93.6%	81.7%	P10P90	Above median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	73.1%	30.7%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	29.3 mo	26.4 mo	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	42.4%	99.9%	P10P90	Top quarter
Revenue growth Year over year revenue growth	-39.9%	0.5%	P10P90
Expense growth Year over year expense growth	-12.5%	-2.5%	P10P90
Surplus margin Surplus as a share of revenue	-99.5%	16.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$18K	$35K	$86K	93.6%	—
2023	$30K	$40K	$104K	94.2%	—
2022	$40K	$17K	$115K	92.3%	—
2021	$62K	$35K	$92K	95.0%	—

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Organization Details

EIN: 45-1445101
State: TX
City: DENTON
ZIP: 76201-6018
Classification: E86
Category: Health Care
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2011
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
An organization that is not in good standing with its registry (for example a revoked tax exemption) is shown as Not rated.
"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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