MARKETPLACE SQUARE CONDOMINIUM ASSOCIATION

EIN: 371834499

ADA, MI

Total Revenue
$50,980
Total Expenses
$50,980
Total Assets
$23,458
Net Assets
N/A
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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
2016
Legal Domicile
MI
Principal Officer
DAN CLEMO
Phone
6164255525
Tax Period
2021-01-01 to 2021-12-31

MARKETPLACE SQUARE CONDOMINIUM ASSOCIATION, founded in 2016, is a micro nonprofit that reported $51K in total revenue in fiscal year 2021. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION IS A NONPROFIT CORPORATION WHOSE SOLE ACTIVITY IS TO MANAGE, OPERATE, MAINTAIN AND REPLACE COMMON ELEMENTS OF CONDOMINIUM PROPERTY FOR THE BENEFIT OF MEMBERS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $50,980
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $50,980

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $50,980
TOTAL EXPENSES $50,980

Year-over-Year Comparison

2021 2020 Change
Revenue $50,980 $40,738 +0.3%
Expenses $50,980 $40,738 +0.3%
Net Income $0 N/A N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN CLEMO PRESIDENT 1.00
Officer
$0 $0 $0
JOHN FRANCIS TREASURER 0.50
Officer
$0 $0 $0
UFUK TURAN SECRETARY 0.50
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
2021 $50,980 $50,980 $23,458 No data
2020 $40,738 $40,738 $7,575 No data
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