MACKINAC ASSOCIATES

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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

1980

Legal Domicile

Principal Officer

BRIAN BAILEY

Phone

2314364100

Tax Period

2024-10-01 to 2025-09-30

MACKINAC ASSOCIATES, founded in 1980, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024.

Mission

PRESERVING AND SHARING MACKINAC'S HERITAGE.

Program Service Accomplishments

Program 1

Expenses: $1,048,452

PARK PROJECTS & IMPROVEMENTS - PROVIDES SUPPORT FOR THE PRESERVATION AND PRESENTATION OF HISTORIC AND NATURAL RESOURCES MANAGED BY THE MACKINAC STATE HISTORIC PARKS. ARTIFACTS, EXHIBITS, TRAILS, ETC WITHIN MACKINAC ISLAND STATE PARK, FORT MICHILIMACKINAC STATE PARK AND MILLCREEK STATE PARK.

Program 2

Expenses: $27,873

COMMUNITY OUTREACH - PROVIDES EDUCATION AND SERVICES TO MANY MEMBERS AND INFORMATION TO THOUSANDS OF PUBLIC VISITORS, BROCHURES, FLYERS AND PERSONAL CORRESPONDENCE IS GENERATED.

Program 3

Expenses: $47,051

EDUCATION - MICHIGAN STUDENTS ARE PROVIDED WITH AN IN CLASSROOM PROGRAMS INTERPRETING HISTORY AND NATURAL HISTORY OF THE STRAITS OF MACKINAC REGION.

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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 $1,205,276

Program Service Revenue $0

Investment Income $91,545

Other Revenue $-4,901

TOTAL REVENUE $1,291,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $135,064

Program Expenses $1,123,376

Other Expenses $1,302,715

TOTAL EXPENSES $1,324,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,291,920	$1,346,317	0.0%
Expenses	$1,324,160	$547,253	+1.4%
Net Income	$-32,240	$799,064	-1.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN BAILEY	TREASURER	1.00	Officer Director	$0	$0	$0
ERIN BURNS	TRUSTEE	1.00	Director	$0	$0	$0
TODD CALLEWAERT	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD CARD	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE DOUD	TRUSTEE	1.00	Director	$0	$0	$0
WENDIE KEEN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN KRUSE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID LEVY	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN MURRAY	TRUSTEE	1.00	Director	$0	$0	$0
NANCY PORTER	SECRETARY	1.00	Officer Director	$0	$0	$0
SHANNON WESTBLADE	TRUSTEE	1.00	Director	$0	$0	$0
SKIP YOUNG	VICE PRESIDE	1.00	Officer 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	$1,291,920	$1,324,160	$2,331,101	$-32,240
2024	$1,346,317	$547,253	$2,342,534	$799,064
2023	$580,297	$550,788	$1,351,244	$29,509
2022	$448,467	$402,069	$1,217,228	$46,398
2021	$359,954	$437,866	$1,336,178	$-77,912
2020	$477,182	$412,835	$1,246,324	$64,347
2019	$349,114	$271,906	$1,087,763	$77,208
2018	$399,245	$386,494	$987,280	$12,751