MICHILIMACKINAC HISTORICAL SOCIETY

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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

1969

Legal Domicile

Principal Officer

JIM DRAZE

Phone

9066436627

Tax Period

2025-01-01 to 2025-12-31

MICHILIMACKINAC HISTORICAL SOCIETY, founded in 1969, is a small nonprofit that reported $903K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $757K, a strong 84% operating margin.

Mission

TO PRESERVE, RECORD AND MAINTAIN THE HISTORICAL INFORMATION OF THE AREA BETWEEN MICHIGAN'S UPPER AND LOWER PENINSULAS, KNOWN AS MICHILIMACKINAC.

Program Service Accomplishments

Program 1

Expenses: $99,143

PROMOTION OF AWARENESS OF THE AREA'S HISTORICAL CULTURE TO DEVELOP AN UNDERSTANDING OF OUR PAST AS WELL AS ITS IMPACT ON THE FUTURE THROUGH DISPLAY OF HISTORICAL ARTIFACTS IN A MUSEUM.

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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 (2025)

Revenue Breakdown

Contributions & Grants $885,089

Program Service Revenue $0

Investment Income $1,280

Other Revenue $16,580

TOTAL REVENUE $902,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,183

Fundraising Expenses $8,227

Program Expenses $99,143

Other Expenses $71,240

TOTAL EXPENSES $146,423

Year-over-Year Comparison

	2025	2024	Change
Revenue	$902,949	$829,290	+0.1%
Expenses	$146,423	$199,044	-0.3%
Net Income	$756,526	$630,246	+0.2%

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

Volunteers

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

$17,999

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY PAQUIN	EXECUTIVE DI	20.00	Director	$17,999	$0	$17,999
THOMAS CLARK	DIRECTOR	1.00	Director	$0	$0	$0
CANDI DUNNIGAN	DIRECTOR	1.00	Director	$0	$0	$0
CLYDE HART	DIRECTOR	1.00	Director	$0	$0	$0
HILLARY PINE	DIRECTOR	1.00	Director	$0	$0	$0
FRED RYERSE	DIRECTOR	1.00	Director	$0	$0	$0
JASON SIGMON	DIRECTOR	1.00	Director	$0	$0	$0
JANE WEISS	DIRECTOR	1.00	Director	$0	$0	$0
SHARON CROTSER	SECRETARY	1.00	Officer	$0	$0	$0
JIM DRAZE	PRESIDENT	1.00	Officer	$0	$0	$0
JENNIFER GOUDREAU	TREASURER	1.00	Officer	$0	$0	$0
CINDY OLIVER	VICE PRESIDE	1.00	Officer	$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	$902,949	$146,423	$3,768,204	$756,526
2024	No data	No data	No data	No data
2023	$304,664	$180,083	$2,076,914	$124,581
2022	$265,297	$153,235	$1,951,584	$112,062
2021	$125,417	$157,259	$1,839,482	$-31,842
2020	$244,196	$225,372	$1,872,119	$18,824
2019	$1,338,679	$317,604	$2,038,814	$1,021,075
2018	$281,365	$325,747	$1,026,345	$-44,382
2017	$761,827	$299,978	$1,079,164	$461,849