QUINCY MINE HOIST ASSOCIATION

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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

GLENN ANDERSON

Phone

9064825569

Tax Period

2023-01-01 to 2023-12-31

QUINCY MINE HOIST ASSOCIATION, founded in 1961, is a small nonprofit in the Arts, Culture & Humanities sector that reported $787K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $144K, a strong 18% operating margin.

Mission

PRESERVE AND INTERPRET THE HISTORY, LANDSCAPES, BUILDINGS, AND INDUSTRIAL WORK EXPERIENCES OF THE QUINCY MINING COMPANY, EDUCATING THE PUBLIC ABOUT MICHIGAN'S COPPER MINING HERITAGE.

Program Service Accomplishments

Program 1

Expenses: $540,514 Revenue: $593,206

HISTORY MUSEUM PROGRAMS, GENERAL/OTHER- BUILDING ON A 60 YEAR HERITAGE OF CULTURAL RESOURCE CONVERVATION, THE QUINCY MINE HOIST ASSOCIATION HOSTED APPROXIMATELY 25,000 VISITORS TO THE BUILDINGS AND LANDSCAPE OF THE INDUSTRIAL COPPER MINE SITE THAT COMPRISES THE CORE OF THE QUINCY MINE NATIONAL HISTORIC LANDMARK DISTRICT. MANY OF THESE VISITORS TOOK THE COGRAIL TRAM TO THE ENTRANCE OF THE MINE HENCE ALMOST ONE-HALF MILE INTO THE SEVENTH LEVEL OF THE MINE. THERE, MINING TECHNIQUES AND DIGGINGS FROM JUST PRIOR TO THE CIVIL WAR ARE EXPERIENCED THROUGH THE HELP OF AN INTERPRETIVE GUIDE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,030

Program Service Revenue $593,206

Investment Income $11,608

Other Revenue $173,313

TOTAL REVENUE $787,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $274,609

Fundraising Expenses $0

Program Expenses $540,514

Other Expenses $368,609

TOTAL EXPENSES $643,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$787,157	$684,492	+0.1%
Expenses	$643,218	$523,193	+0.2%
Net Income	$143,939	$161,299	-0.1%

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

Total Directors

$63,682

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA COLE	DIRECTOR	1.00	Director	$0	$0	$0
GAYLORD FAULL	DIRECTOR	1.00	Director	$0	$0	$0
DAN JAMISON	SECRETARY	2.00	Officer	$0	$0	$0
ALLAN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JUKURI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LAWTON	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC WAARA	DIRECTOR	1.00	Director	$0	$0	$0
GLENN ANDERSON	PRESIDENT	2.00	Officer	$0	$0	$0
GEORGE KIISKILA	1ST VICE PRE	2.00	Officer	$0	$0	$0
LINDSAY HILTUNEN	2ND VICE PRE	2.00	Officer	$0	$0	$0
ROSS COONEY	TREASURER	2.00	Officer	$0	$0	$0
THOMAS WRIGHT	MANAGER	50.00	Director	$63,682	$0	$63,682
JULIE BADEL	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$787,157	$643,218	$3,051,786	$143,939
2022	$684,492	$523,193	$2,828,528	$161,299
2021	$786,921	$463,746	$2,727,381	$323,175
2020	$424,857	$351,273	$2,422,247	$73,584
2020	$424,857	$380,515	$2,101,554	$44,342