DESTINATION CANAL WINCHESTER (EIN 311659678) - 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

1998

Legal Domicile

Principal Officer

MIKE COOLMAN

Phone

6148373792

Tax Period

2025-01-01 to 2025-12-31

DESTINATION CANAL WINCHESTER, founded in 1998, is a small nonprofit in the Human Services sector that reported $127K in total revenue in fiscal year 2025. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $175K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO ENCOURAGE VISITORS AND COMMUNITY MEMBERS TO DISCOVER THE HISTORIC, CULTURAL, ENTERTAINMENT AND BUSINESS DESTINATIONS AVAILABLE IN CANAL WINCHESTER WHILE PROMOTING THE HISTORIC PRESERVATION OF THE CITY AND MAXIMIZING THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR THE AREA.

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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 $129,919

Program Service Revenue $18,266

Investment Income $7,786

Other Revenue $-28,814

TOTAL REVENUE $127,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,386

Fundraising Expenses $0

Program Expenses $155,346

Other Expenses $63,024

TOTAL EXPENSES $175,410

Year-over-Year Comparison

	2025	2024	Change
Revenue	$127,157	$161,198	-0.2%
Expenses	$175,410	$228,908	-0.2%
Net Income	$-48,253	$-67,710	-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

Volunteers

N/A

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

$56,650

Total Directors

$56,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE COOLMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY HEISTER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CAROLYN SITTLER	TREASURER	2.00	Officer Director	$0	$0	$0
ALETHA MULLINS	SECRETARY	2.00	Officer Director	$0	$0	$0
JOE STEAGER	CITY MAYOR/T	2.00	Director	$0	$0	$0
STEVE BUSKIRK	COUNCIL REP/	2.00	Director	$0	$0	$0
KAREN L STILES	EXECUTIVE DI	40.00	Officer Director	$56,650	$0	$56,650
JIM BOHLEIN	COMMITTEE ME	2.00	Director	$0	$0	$0
KIT LLOYD	COMMITTEE ME	2.00	Director	$0	$0	$0
KELLY SCHEER	COMMITTEE ME	2.00	Director	$0	$0	$0
KRISTIN HARLANDER	COMMITTEE ME	2.00	Director	$0	$0	$0
TERI ROBISON	COMMITTEE ME	2.00	Director	$0	$0	$0
STACEY COLLINS	COMMITTEE ME	2.00	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
2025	$127,157	$175,410	$184,328	$-48,253
2024	$161,198	$228,908	$232,581	$-67,710
2023	$202,723	$151,691	$300,291	$51,032
2022	$156,596	$87,775	$267,123	$68,821

DESTINATION CANAL WINCHESTER