MICHIGAN BOATING INDUSTRIES ASSOCIATION (EIN 381707809) - 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

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.

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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 (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

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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

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