BEAVER ISLAND COMMUNITY DEVELOPMENT CORPORATION (EIN 300246447) - 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

2003

Legal Domicile

Principal Officer

JANE MACKENZIE

Phone

2314482004

Tax Period

2024-01-01 to 2024-12-31

BEAVER ISLAND COMMUNITY DEVELOPMENT CORPORATION, founded in 2003, is a micro nonprofit in the Housing & Shelter sector that reported $61K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $91K exceeded revenue, resulting in a 49% operating deficit.

Mission

DEVELOPMENT AND MANAGEMENT OF A 6-UNIT LOW-INCOME SENIOR HOUSING PROJECT ON BEAVER ISLAND, MI.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $60,388

Investment Income $649

Other Revenue $105

TOTAL REVENUE $61,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,351

Other Expenses $91,182

TOTAL EXPENSES $91,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,142	$49,905	+0.2%
Expenses	$91,182	$77,325	+0.2%
Net Income	$-30,040	$-27,420	+0.1%

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
ALANA ANDERSON	DIRECTOR	1.25	Director	$0	$0	$0
ROBERTA WELKE	DIRECTOR	1.25	Director	$0	$0	$0
KATHY SPECK	TREASURER	1.25	Officer Director	$0	$0	$0
CONNIE WOJAN	SECRETARY	1.25	Officer Director	$0	$0	$0
JANE MACKENZIE	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
PETE LODICO	PRESIDENT	5.00	Officer 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
2025	No data	No data	No data	No data
2024	$61,142	$91,182	$664,257	$-30,040
2023	$49,905	$77,325	$701,197	$-27,420
2022	$48,943	$75,010	$732,012	$-26,067
2021	$48,753	$82,031	$762,001	$-33,278
2020	$46,698	$76,988	$802,895	$-30,290
2019	$55,805	$97,606	$832,406	$-41,801
2018	$55,182	$83,194	$876,861	$-28,012

BEAVER ISLAND COMMUNITY DEVELOPMENT CORPORATION