NORTHERN MICHIGAN GEOLOGICAL REPOSITORY ASSOCIATION

EIN: 262755465 501(c)(3)

NEGAUNEE, MI

Total Revenue
$225,045
Total Expenses
$251,577
Total Assets
$30,116
Net Assets
$30,116
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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
2008
Legal Domicile
MI
Principal Officer
THOMAS WAGGONER
Phone
9064754761
Tax Period
2018-01-01 to 2018-12-31

NORTHERN MICHIGAN GEOLOGICAL REPOSITORY ASSOCIATION, founded in 2008, is a small nonprofit that reported $225K in total revenue in fiscal year 2018. Expenses of $252K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO LOCATE AND PURCHASE SUITABLE REAL ESTATE FOR A DIAMOND DRILL CORE AND DATA LIBRARY

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $226,700
Program Service Revenue $0
Investment Income $5
Other Revenue $-1,660
TOTAL REVENUE $225,045

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $251,577
Other Expenses $251,577
TOTAL EXPENSES $251,577

Year-over-Year Comparison

2018 2017 Change
Revenue $225,045 N/A N/A
Expenses $251,577 N/A N/A
Net Income $-26,532 N/A N/A
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS WAGGONER DIRECTOR SECRETARY AND TREASURER 1.00
Director
$0 $0 $0
DAVID HOLLI DIRECTOR 1.00
Director
$0 $0 $0
ALLEN JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
MILT GERE DIRECTOR 1.00
Director
$0 $0 $0
ROBERT MAHIN VICE PRESIDENT 1.00
Director
$0 $0 $0
MICHAEL CARR PRESIDENT 1.00
Director
$0 $0 $0
ROBERT SCHELLENBERG DIRECTOR 1.00
Director
$0 $0 $0
RICK KAUPPILA DIRECTOR 1.00
Director
$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
2018 $225,045 $251,577 $30,116 $-26,532
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