MICHIGAN CITY, IN
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)MICHIGAN CITY ECONOMIC DEVELOPMENT CORP, founded in 1972, is a small nonprofit that reported $790K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $159K, a strong 20% operating margin.
ECONOMIC DEVELOPMENT / JOB CREATION
EMPLOYED A FULL-TIME ECONOMIC DEVELOPMENT DIRECTOR AND STAFF TO RECRUIT NEW INDUSTIAL AND MANUFACTURING BUSINESSES TO LOCATE IN MICHIGAN CITY (INCLUDES PAYROLL TAXES AND BENEFITS).IN ADDITION, THE...
EMPLOYED A FULL-TIME ECONOMIC DEVELOPMENT DIRECTOR AND STAFF TO RECRUIT NEW INDUSTIAL AND MANUFACTURING BUSINESSES TO LOCATE IN MICHIGAN CITY (INCLUDES PAYROLL TAXES AND BENEFITS).IN ADDITION, THE ORGANIZATION MAINTAINED AN OFFICE TO COORDINATE ITS EFFORTS.
PROVIDED PROSPECTS WITH INFORMATION ABOUT MICHIGAN CITY. ASSISTED PROSPECTS WITH INCENTIE PROGRAMS, CONTINUED THE BUSINESS RETENTION PROGRAM, INFORMED THE PUBLIC ABOUT THE ORGANIZATIONS...
PROVIDED PROSPECTS WITH INFORMATION ABOUT MICHIGAN CITY. ASSISTED PROSPECTS WITH INCENTIE PROGRAMS, CONTINUED THE BUSINESS RETENTION PROGRAM, INFORMED THE PUBLIC ABOUT THE ORGANIZATIONS ACTIVITIES.ASSISTED EXISTING BUSINESSES AND PROSPECTS WITH PROJECT PLANNING AND EXECUTION.
STAFF ATTENDED VARIOUS CONVENTIONS, TRADE SHOWS, ETC TO MARKET MICHIGAN CITYS INDUSTRIAL SITES AND BUSINESS INCENTIVES. ALSO HOSTED A DINNER TO RECOGNIZE BUSINESS WITHIN THE COMMUNITY.ORGANIZATION...
STAFF ATTENDED VARIOUS CONVENTIONS, TRADE SHOWS, ETC TO MARKET MICHIGAN CITYS INDUSTRIAL SITES AND BUSINESS INCENTIVES. ALSO HOSTED A DINNER TO RECOGNIZE BUSINESS WITHIN THE COMMUNITY.ORGANIZATION WAS A MEMBER OF LOCAL AND STATE ORGANIZATION INVOLVED IN ECONOMIC DEVELOPMENT. COMMISSIONED A STRATEGIC PLAN TO GUIDE FUTURE EFFORTS. MADE CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $789,987 | $681,054 | +0.2% |
| Expenses | $630,525 | $601,623 | +0.0% |
| Net Income | $159,462 | $79,431 | +1.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CLARENCE HULSE | EXCUTIVE DIRECTOR | 40.00 |
Officer
Key Emp
|
$123,500 | $0 | $123,500 |
| DEAN MAZZONI | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| DALIA ZYGAS | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| SCOTT NEWCOMB | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| DUANE PARRY | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| JESSICA BAILEY | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE OBERLIE | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| DON BABCOCK | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| BARBARA EASON-WATKINS | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| BRENDA TEMPLE | SECRETARY | 5.00 |
Director
|
$0 | $0 | $0 |
| LINDA SIMMONS | PAST CHAIR | 5.00 |
Director
|
$0 | $0 | $0 |
| DENISE CONLON | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| KATIE EATON | BOARD MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| BILL HACKNEY | CHAIRPERSON | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| SETH SPENCER | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVE KRING | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $789,987 | $630,525 | $1,103,873 | $159,462 |
| 2022 | $681,054 | $601,623 | $731,086 | $79,431 |
| 2021 | $490,972 | $505,153 | $658,772 | $-14,181 |
| 2020 | $466,701 | $387,562 | $642,755 | $79,139 |
Compare MICHIGAN CITY ECONOMIC DEVELOPMENT CORP with other nonprofits in Indiana and across the country.