DIAMOND ISLAND ASSN

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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

1961

Legal Domicile

Principal Officer

Dean Nerad

Phone

6303064940

Tax Period

2025-01-01 to 2025-12-31

DIAMOND ISLAND ASSN, founded in 1961, is a small nonprofit in the Community Improvement sector that reported $217K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $204K left a modest 6% surplus.

Mission

The Association owns a (Capital Cost, ~$421,000) 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.

Program Service Accomplishments

Program 1

Expenses: $204,335 Revenue: $216,400

Operate a six-car barge ferry connecting Diamond Island with the mainland between April 1 and November 1 using a staff of 5-6 employee operators and Island volunteers.

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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 $0

Program Service Revenue $216,765

Investment Income $0

Other Revenue $0

TOTAL REVENUE $216,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,266

Fundraising Expenses $0

Program Expenses $204,335

Other Expenses $160,069

TOTAL EXPENSES $204,335

Year-over-Year Comparison

	2025	2024	Change
Revenue	$216,765	$187,157	+0.2%
Expenses	$204,335	$163,467	+0.3%
Net Income	$12,430	$23,690	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Jason Stabnik	President	Officer Director	$0	$0	$0
Dean Nerad	Treasurer	Officer Director	$0	$0	$0
VINCE COLETTA	Vice President	Officer Director	$0	$0	$0
Lisa Marley	Secretary	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
2025	$216,765	$204,335	$308,659	$12,430
2021	$206,602	$153,142	$339,055	$53,460