MACKINAC ISLAND CONVENTION & VISITORS BUREAU (EIN 272875014) - Form 990 Financial Analysis & Trantor Score

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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

2010

Legal Domicile

Principal Officer

TIMOTHY G HYGH

Phone

8004545227

Tax Period

2023-01-01 to 2023-12-31

MACKINAC ISLAND CONVENTION & VISITORS BUREAU, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2023. The organization ran a surplus of $498K, a strong 19% operating margin.

Mission

PROMOTE CONVENTIONS, TRADE SHOWS, MEETINGS AND TOURISM BUSINESS ON MACKINAC ISLAND, MICHIGAN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,670,228

Investment Income $26,188

Other Revenue $-10,409

TOTAL REVENUE $2,686,007

Expense Breakdown

Grants Paid $31,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,156,767

TOTAL EXPENSES $2,187,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,686,007	$2,513,259	+0.1%
Expenses	$2,187,767	$1,798,588	+0.2%
Net Income	$498,240	$714,671	-0.3%

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

N/A

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

$180,180

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD CALLEWAERT	PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNIS CAWTHORNE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB BENSER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID JURACK	SECRETARY	1.00	Officer Director	$0	$0	$0
TIMOTHY HYGH	EXECUTIVE DIRECTOR	20.00	Officer	$0	$0	$180,180

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
2024	No data	No data	No data	No data
2023	$2,686,007	$2,187,767	$3,142,593	$498,240
2022	$2,513,259	$1,798,588	$2,662,242	$714,671
2021	$2,283,008	$1,412,990	$2,114,700	$870,018
2020	$1,284,165	$1,350,934	$1,157,910	$-66,769
2019	$1,485,350	$1,320,773	$1,263,372	$164,577
2018	$1,416,858	$1,143,558	$1,087,455	$273,300

MACKINAC ISLAND CONVENTION & VISITORS BUREAU