PRESERVE HICKORY

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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

LAURA NESS

Phone

2318834475

Tax Period

2018-01-01 to 2018-12-31

PRESERVE HICKORY, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $254K in total revenue in fiscal year 2018. Expenses of $1.9M exceeded revenue, resulting in a 667% operating deficit.

Mission

ESTABLISHED IN 2010, PRESERVE HICKORY'S MISSION IS TO ENSURE THAT HICKORY HILLS, A PUBLIC SKI PARK ESTABLISHED IN 1952, IS PRESERVED AS ORIGINALLY INTENDED: OFFERING SAFE, AFFORDABLE AND PUBLICLY ACCESSIBLE RECREATION TO AREA RESIDENTS, ESPECIALLY YOUTH. PRESERVE HICKORY'S GOALS ARE AS FOLLOWS: (1) SUPPORT THE IMPLEMENTATION OF THE HICKORY HILLS LONG-RANGE MASTER PLAN; (2) LEAD A TWO-PHASE, CAPITAL CAMPAIGN LEVERAGING THE CITY'S $1.5 MILLION BROWN BRIDGE TRUST PARKS IMPROVEMENT PLEDGE TO FULLY IMPLEMENT THE PLAN; (3) PRESERVE THE MUCH-LOVED, RUSTIC NATURE OF THE PARK WHILE IMPROVING TRAILS, INFRASTRUCTURE AND ACCESSIBILITY; (4) COLLABORATE WITH PASSIONATE, PARK USER GROUPS, SCHOOLS AND COMMUNITY PARTNERS; (5) ADVOCATE FOR PARK SUPPORT WITHIN CITY GOVERNMENT; AND (6) IN CONJUNCTION WITH THE CITY, DEVELOP A LONG-TERM REVENUE MODEL FOR SUSTAINABLE PARK OPERATIONS.

Program Service Accomplishments

Program 1

Expenses: $1,922,651

THE ORGANIZATION RECEIVED A $1.5 MILLION PLEDGE FROM THE CITY OF TRAVERSE CITY'S BROWN BRIDGE TRUST PARKS IMPROVEMENT FUND FOR SIGNIFICANT CAPITAL IMPROVEMENTS INCLUDING A NEW LODGE, PARKING...

THE ORGANIZATION RECEIVED A $1.5 MILLION PLEDGE FROM THE CITY OF TRAVERSE CITY'S BROWN BRIDGE TRUST PARKS IMPROVEMENT FUND FOR SIGNIFICANT CAPITAL IMPROVEMENTS INCLUDING A NEW LODGE, PARKING FACILITIES AND TRAIL ENHANCEMENTS AT THE CITY-OWNED HICKORY HILLS SKI AREA. THE ORGANIZATION IS CHARGED WITH RAISING A MATCHING $1.5 MILLION TO CLAIM THE CITY FUNDS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $253,124

Program Service Revenue $0

Investment Income $852

Other Revenue $-62

TOTAL REVENUE $253,914

Expense Breakdown

Grants Paid $1,890,230

Salaries & Benefits $0

Fundraising Expenses $21,173

Program Expenses $1,922,651

Other Expenses $57,308

TOTAL EXPENSES $1,947,538

Year-over-Year Comparison

	2018	2017	Change
Revenue	$253,914	$261,065	0.0%
Expenses	$1,947,538	$59,673	+31.6%
Net Income	$-1,693,624	$201,392	-9.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MAC MCCLELLAND	DIRECTOR	2.00	Director	$0	$0	$0
LOREN BENSLEY	DIRECTOR	2.00	Director	$0	$0	$0
LAURA NESS	PRESIDENT/TREASURER	10.00	Officer	$0	$0	$0
MATTHEW MADION MD	VICE PRESIDENT	2.00	Officer	$0	$0	$0
MAUREEN MADION	SECRETARY	10.00	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
2018	$253,914	$1,947,538	$210,082	$-1,693,624