Battle Creek Hot Air Balloon Championships Inc (EIN 382287342) - 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

1988

Legal Domicile

Principal Officer

Barbara A Haluszka

Phone

2699620592

Tax Period

2024-10-01 to 2025-09-30

Battle Creek Hot Air Balloon Championships Inc, founded in 1988, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 7% surplus.

Mission

Organize,Promote, and host the Annual Hot-Air Balloon Championships and Field of Flight Activities thus stimulating the local Econpmy and Promoting Civic Goodwill for the City of Battle Creek, 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 $235,453

Program Service Revenue $961,319

Investment Income $0

Other Revenue $20,985

TOTAL REVENUE $1,217,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,879

Fundraising Expenses $0

Other Expenses $1,018,066

TOTAL EXPENSES $1,130,945

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,217,757	$1,263,110	0.0%
Expenses	$1,130,945	$1,073,658	+0.1%
Net Income	$86,812	$189,452	-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

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

$94,582

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barbara A Haluszka	Executive Director	040.00	Key Emp Highest	$94,582	$0	$94,582
John Sims Sr	President	002.00	Director	$0	$0	$0
Ryan Traver	1st Vice President	002.00	Director	$0	$0	$0
Rick Fleming	2nd Vice President	002.00	Director	$0	$0	$0
Mike Beck	Treasurer	002.00	Director	$0	$0	$0
Beth Beaudin-Seiler	Secretary	002.00	Director	$0	$0	$0
Mike Olson	Director	002.00	Director	$0	$0	$0
Catherine Rocco	Director	002.00	Director	$0	$0	$0
Chief Rolando Garza	Director	002.00	Director	$0	$0	$0
John Sims Jr	Director	002.00	Director	$0	$0	$0
General Ronald Wilson	Director	002.00	Director	$0	$0	$0
Clarence Chiverrs	Director	002.00	Director	$0	$0	$0
Lindy Burton	Director	002.00	Director	$0	$0	$0
Terry Eisen	Director	002.00	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	$1,217,757	$1,130,945	$1,017,355	$86,812
2024	No data	No data	No data	No data
2023	$1,042,035	$923,629	$718,833	$118,406
2022	$1,110,557	$843,400	$612,988	$267,157
2021	$934,826	$647,057	$345,471	$287,769

Battle Creek Hot Air Balloon Championships Inc