MICHIGAN BOATING INDUSTRIES ASSOCI… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

Principal Officer

NICKI POLAN

Phone

7342610123

Tax Period

2024-05-01 to 2025-04-30

MICHIGAN BOATING INDUSTRIES ASSOCIATION, founded in 1958, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Expenses of $2.9M left a modest 10% surplus.

Mission

TO EDUCATE AND PROMOTE THE ADVANCEMENT OF THE BOATING INDUSTRY IN THE STATE OF MICHIGAN, AND TO COMMUNICATE RELATED ETHICAL ISSUES.

Program Service Accomplishments

Program 1

THE MICHIGAN BOATING INDUSTRIES ASSOCIATION PRODUCES THREE BOAT SHOWS: THE DETROIT BOAT SHOW WITH 100 EXHIBITING FIRMS IN ATTENDANCE; THE NOVI BOAT SHOW WITH 81 EXHIBITING FIRMS IN ATTENDANCE; THE...

THE MICHIGAN BOATING INDUSTRIES ASSOCIATION PRODUCES THREE BOAT SHOWS: THE DETROIT BOAT SHOW WITH 100 EXHIBITING FIRMS IN ATTENDANCE; THE NOVI BOAT SHOW WITH 81 EXHIBITING FIRMS IN ATTENDANCE; THE METRO BOAT SHOW WITH 100 EXHIBITING FIRMS IN ATTENDANCE. THE BOAT SHOWS ARE PRODUCED AS A SERVICE TO MBIA MEMBERS AND AS A BUYING OPPORTUNITY FOR CONSUMERS. THEY ALSO SERVE TO PROMOTE THE RECREATIONAL BOATING INDUSTRY IN THE METRO DETROIT AND SURROUNDING AREAS BRINGING AWARENESS TO BENEFITS OF BOATING AS A RECREATIONAL PASTIME AND THE AMPLE OPPORTUNITY TO ENJOY MICHIGAN'S 11,000 INLAND LAKES, GREAT LAKES AND RIVERS AND STREAMS.

Program 2

THE ASSOCIATION UNDERTAKES A NUMBER OF MEMBERSHIP PROGRAMS WHICH INCLUDES EDUCATIONAL PROGRAMS AND SEMINARS, NEWSLETTER COMMUNICATIONS, INFORMATION DISTRIBUTION, AN ANNUAL PRODUCT GUIDE, BUSINESS...

THE ASSOCIATION UNDERTAKES A NUMBER OF MEMBERSHIP PROGRAMS WHICH INCLUDES EDUCATIONAL PROGRAMS AND SEMINARS, NEWSLETTER COMMUNICATIONS, INFORMATION DISTRIBUTION, AN ANNUAL PRODUCT GUIDE, BUSINESS ASSISTANCE, AND COST EFFECTIVE PROGRAMS.

Program 3

THE ASSOCIATION UNDERTAKES GOVERNMENT RELATIONS AND LEGISLATIVE PROGRAMS TO DEVELOP FAVORABLE LEGISLATION TO BENEFIT THE RECREATIONAL BOATING INDUSTRY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,950,559

Investment Income $208,844

Other Revenue $28,208

TOTAL REVENUE $3,187,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $694,078

Fundraising Expenses $0

Other Expenses $2,182,753

TOTAL EXPENSES $2,876,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,187,611	$3,167,884	+0.0%
Expenses	$2,876,831	$2,950,003	0.0%
Net Income	$310,780	$217,881	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$187,939

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
TORRE MILLER	DIRECTOR	2.00	Director	$0	$0	$0
WARREN WOLF	DIRECTOR	2.00	Director	$0	$0	$0
AMY KRUEGER MALOW	DIRECTOR	2.00	Director	$0	$0	$0
PAUL MITTER	DIRECTOR	2.00	Director	$0	$0	$0
RICK FLEMING	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH CARNEY	DIRECTOR	2.00	Director	$0	$0	$0
DOUGLAS BERGMANN	DIRECTOR	2.00	Director	$0	$0	$0
AMY CROUCHMAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PETE BEAUREGARD	SEC/TREAS	2.00	Officer Director	$0	$0	$0
TOM DEN HERDER	CHAIRMAN	8.00	Officer Director	$0	$0	$0
MONIQUE NICKI POLAN	EXECUTIVE DIRECTOR	40.00	Officer	$164,035	$23,904	$187,939

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	$3,187,611	$2,876,831	$8,870,237	$310,780
2024	$3,167,884	$2,950,003	$8,232,630	$217,881
2023	$3,313,964	$2,392,374	$7,724,982	$921,590
2022	$1,258,585	$1,479,804	$6,848,061	$-221,219
2021	$345,105	$949,108	$7,470,428	$-604,003
2020	$2,418,272	$2,544,561	$7,363,252	$-126,289
2019	$3,775,526	$2,469,846	$7,564,750	$1,305,680
2018	$3,124,937	$2,173,811	$6,191,677	$951,126

MICHIGAN BOATING INDUSTRIES ASSOCIATION