UPPER MICHIGAN TOURIST ASSOCIATION

EIN: 381626969

IRON MOUNTAIN, MI

Total Revenue
$2,152,775
Total Expenses
$1,523,039
Total Assets
$2,842,605
Net Assets
$2,671,334
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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
1911
Legal Domicile
MI
Principal Officer
THOMAS NEMACHECK
Phone
9067745480
Tax Period
2024-04-01 to 2025-03-31

UPPER MICHIGAN TOURIST ASSOCIATION, founded in 1911, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $630K, a strong 29% operating margin.

Mission

UPPER MICHIGAN TOURIST PROMOTION.

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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 $175,652
Program Service Revenue $1,892,487
Investment Income $84,636
Other Revenue $0
TOTAL REVENUE $2,152,775

Expense Breakdown

Grants Paid $0
Salaries & Benefits $265,926
Fundraising Expenses $0
Other Expenses $1,257,113
TOTAL EXPENSES $1,523,039

Year-over-Year Comparison

2024 2023 Change
Revenue $2,152,775 $1,848,436 +0.2%
Expenses $1,523,039 $1,322,091 +0.2%
Net Income $629,736 $526,345 +0.2%
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
16
Independent Members
N/A
Employees
4
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
4
$2,300
Total Directors
17
$3,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA STABILE DIRECTOR 0.50
Director
$0 $0 $0
LORA BROWN VICE PRESIDENT 0.50
Officer Director
$300 $0 $300
COLE GRENIER TREASURER 1.00
Officer Director
$300 $0 $300
JARRED DROWN DIRECTOR 0.50
Director
$300 $0 $300
DAVE KASTEN DIRECTOR 0.50
Director
$300 $0 $300
KEVIN PORTER DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER JULIEN DIRECTOR 0.50
Director
$300 $0 $300
JIM GOLDTHORPE DIRECTOR 0.50
Director
$300 $0 $300
RANDY LARSON DIRECTOR 0.50
Director
$300 $0 $300
CORI-ANN CEARLEY PRESIDENT 0.50
Officer Director
$300 $0 $300
CARLA ENGLE DIRECTOR 0.50
Director
$300 $0 $300
JEN MOORE DIRECTOR 0.50
Director
$0 $0 $0
MELISSA SIEVERT DIRECTOR 0.50
Director
$150 $0 $150
JAKE WEINAND DIRECTOR 0.50
Director
$300 $0 $300
JOHANNA PASSALACQUA DIRECTOR 0.50
Director
$300 $0 $300
JOHN MUELLER DIRECTOR 0.50
Director
$150 $0 $150
TYLER DUBORD DIRECTOR 0.50
Director
$0 $0 $0
THOMAS NEMACHECK EXECUTIVE DIRECTOR 40.00
Officer
$1,400 $0 $1,400
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 $2,152,775 $1,523,039 $2,842,605 $629,736
2024 $1,848,436 $1,322,091 $2,165,785 $526,345
2023 $1,485,722 $873,542 $1,546,474 $612,180
2022 $1,736,595 $1,964,504 $1,166,037 $-227,909
2021 $1,267,924 $826,654 $1,241,421 $441,270
2020 $1,273,272 $1,085,806 $735,689 $187,466
2019 $1,362,123 $1,437,630 $695,408 $-75,507
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