Russell Island Property Owners Associati

EIN: 381967843

Clarkston, MI

Total Revenue
$231,803
Total Expenses
$289,766
Total Assets
$1,049,614
Net Assets
$1,049,614
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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
1954
Legal Domicile
MI
Phone
7347320273
Tax Period
2024-07-01 to 2025-06-30

Russell Island Property Owners Associati, founded in 1954, is a small nonprofit that reported $232K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $290K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE ORGANIZATIONS MISSION IS TO PROVIDE MAINTENANCE TO COMMON AREAS, IMPROVE ACCESS TO PROPERTY, AND TO PROVIDE COMMUNITY FOR ITS MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $170,902

MAINTENANCE, UPKEEP AND SAFETY OF COMMON AREAS FOR THE BENEFIT OF ALL ISLANDERS ABD THEIR GUESTS.

Program 2
Expenses: $98,169

NEGOTIATE FERRY SERVICE TO GAIN ACCESS TO THE ISLAND AND DOCKS, AND PROVIDE MAINLAND PARKING.

Program 3
Expenses: $20,537

PROMOTING COMMUNITY, INCLUDING THE CHILDRENS PROGRAM, FOR THE BENEFIT OF ALL ISLANDERS AND THEIR GUESTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $42,444
Program Service Revenue $185,863
Investment Income $3,496
Other Revenue $0
TOTAL REVENUE $231,803

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $289,608
Other Expenses $289,766
TOTAL EXPENSES $289,766

Year-over-Year Comparison

2024 2023 Change
Revenue $231,803 $181,344 +0.3%
Expenses $289,766 $177,930 +0.6%
Net Income $-57,963 $3,414 -18.0%
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
N/A
Volunteers
45

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHLIP SLOAN Treasurer 4.00
Officer Director
$0 $0 $0
PAULA KAIP Secretary 2.00
Officer Director
$0 $0 $0
STEVE ENGELHART Trustee 4.00
Officer Director
$0 $0 $0
NICKI PELTIER Vice President 2.00
Director
$0 $0 $0
TONY RUGGERILLO President 2.00
Director
$0 $0 $0
BETH ROMANELLI Trustee 2.00
Director
$0 $0 $0
ERIC PRESTON Trustee 2.00
Officer Director
$0 $0 $0
WILLIAM MOOSEKIAN Trustee 2.00
Director
$0 $0 $0
Bill Moosekian Trustee 0.00
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
2025 $231,803 $289,766 $1,049,614 $-57,963
2024 $181,344 $177,930 $1,107,577 $3,414
2023 $276,461 $301,568 $1,104,163 $-25,107
2022 $152,976 $130,041 $1,129,270 $22,935
2021 $158,915 $131,221 $1,106,335 $27,694
2020 $131,079 $176,917 $1,080,573 $-45,838
2019 $159,062 $134,034 $1,131,074 $25,028
2018 $226,196 $128,449 $1,115,574 $97,747
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