CHI ISHOBAK INC

EIN: 352372805 501(c)(3) Community Improvement

DOWAGIAC, MI

Total Revenue
$3,358,827
Total Expenses
$813,746
Total Assets
$15,319,782
Net Assets
$13,945,041
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MI
Principal Officer
BRUCE MOLNAR
Phone
2697834157
Tax Period
2024-01-01 to 2024-12-31

CHI ISHOBAK INC, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $3.4M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $2.5M, a strong 76% operating margin.

Mission

IT IS THE MISSION OF CHI ISHOBAK TO PROVIDE TRIBAL CITIZENS WITH ACCESS TO AFFORDABLE CAPITAL FOR THE PURPOSE OF BUSINESS LOANS AND INDIVIDUAL FINANCIAL DEVELOPMENT THROUGH COLLABORATIVE AND EDUCATION-ORIENTED LENDING SERVICES AND ALSO TO PRACTICE RESPONSIBLE LENDING IN ORDER TO PROTECT LOAN CAPITAL FOR FUTURE GENERATIONS OF TRIBAL CITIZENS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,680,744
Program Service Revenue $602,298
Investment Income $75,785
Other Revenue $0
TOTAL REVENUE $3,358,827

Expense Breakdown

Grants Paid $18,723
Salaries & Benefits $343,950
Fundraising Expenses $9,767
Program Expenses $708,828
Other Expenses $451,073
TOTAL EXPENSES $813,746

Year-over-Year Comparison

2024 2023 Change
Revenue $3,358,827 $4,106,888 -0.2%
Expenses $813,746 $671,770 +0.2%
Net Income $2,545,081 $3,435,118 -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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
3
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
3
$199,964
Total Directors
10
$207,964
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE MOLNAR CHAIR 1.00
Officer Director
$1,750 $0 $1,750
JOSEPH SILVIA SECRETARY/TR 1.00
Officer Director
$1,750 $0 $1,750
BRANDON RAPP DIRECTOR 1.00
Director
$1,500 $0 $1,500
TROLAND CLAY DIRECTOR 1.00
Director
$0 $0 $0
LINDA COOK DIRECTOR 1.00
Director
$1,750 $0 $1,750
ALICIA FALCON DIRECTOR 1.00
Director
$750 $0 $750
JOSEPH RILEY II DIRECTOR 1.00
Director
$1,250 $0 $1,250
TONY DAY DIRECTOR 1.00
Director
$1,000 $0 $1,000
JEREMY TRUITT DIRECTOR 1.00
Director
$1,750 $0 $1,750
SEAN WINTERS EXECUTIVE DI 40.00
Officer Director
$164,003 $32,461 $196,464
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 $3,358,827 $813,746 $15,319,782 $2,545,081
2023 $4,106,888 $671,770 $13,031,042 $3,435,118
2022 $1,872,798 $579,162 $9,783,491 $1,293,636
2021 $2,545,311 $570,063 $9,230,195 $1,975,248
2020 $2,337,510 $731,017 $6,466,013 $1,606,493
2019 $1,456,708 $540,878 $4,379,221 $915,830
2018 $1,188,558 $477,672 $3,072,780 $710,886
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