DIAMOND ISLAND ASSN (EIN 381647249) - 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

1951

Legal Domicile

Principal Officer

GARY GRIES

Phone

3124931189

Tax Period

2021-01-01 to 2021-12-31

DIAMOND ISLAND ASSN, founded in 1951, is a small nonprofit in the Community Improvement sector that reported $207K in total revenue in fiscal year 2021. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 26% operating margin.

Mission

The Association owns a quarter of a million dollar lake barge and operates a barge service between April and October each season, to connect an island community of 93 homes with the mainland on Diamond Lake, Michigan.

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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 (2021)

Revenue Breakdown

Contributions & Grants $193,672

Program Service Revenue $12,894

Investment Income $36

Other Revenue $0

TOTAL REVENUE $206,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,794

Fundraising Expenses $0

Program Expenses $151,813

Other Expenses $126,348

TOTAL EXPENSES $153,142

Year-over-Year Comparison

	2021	2020	Change
Revenue	$206,602	$99,840	+1.1%
Expenses	$153,142	$107,996	+0.4%
Net Income	$53,460	$-8,156	-7.6%

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

N/A

Employees

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
Gary Gries	President	10	Officer Director	$0	$0	$0
Phil Bottger	Vice President	10	Officer Director	$0	$0	$0
James E Andrasco	Treasurer	20	Officer Director	$0	$0	$0
Lisa Marley	Secretary	5	Officer Director	$0	$0	$0
Kevin Douglas	Director	5	Officer Director	$0	$0	$0
Dave Benhart	Director	10	Director	$0	$0	$0
Dean Nerad	Director	5	Director	$0	$0	$0
James OBrien	Director	10	Director	$0	$0	$0
Michael Maloney	Director	5.00	Director	$0	$0	$0
VINCE COLETTA	DIRECTOR	5	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
2021	$206,602	$153,142	$339,055	$53,460

DIAMOND ISLAND ASSN