ST IGNACE VISITORS BUREAU

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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

1984

Legal Domicile

Principal Officer

LUKE PAQUIN

Phone

9066439650

Tax Period

2025-01-01 to 2025-12-31

ST IGNACE VISITORS BUREAU, founded in 1984, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2025. The organization ran a surplus of $511K, a strong 26% operating margin.

Mission

TO PROMOTE TOURISM IN THE ST. IGNACE AREA AS A TOURISM DESTINATION AND TO PROMOTE WAYS AND MEANS TO DEVELOP TOURISM AS VITAL ECONOMIC FACTOR.

Program Service Accomplishments

Program 1

PROMOTION OFN THE ST. IGNACE AREA THROUGH EVENTS, SUCH AS THE ANNUAL ST. IGNACE CAR SHOW, THE ANNUAL TRUSK SHOW AND THE ANNUAL POND HOCKEY TOURNMENT, MEDIA BUYS, BILLBOARD ADVERTISING, DISTRIBUTION...

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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 (2025)

Revenue Breakdown

Contributions & Grants $15,000

Program Service Revenue $1,855,955

Investment Income $58,145

Other Revenue $1,200

TOTAL REVENUE $1,930,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,054

Fundraising Expenses $0

Other Expenses $1,162,676

TOTAL EXPENSES $1,419,730

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,930,300	$1,849,622	+0.0%
Expenses	$1,419,730	$1,716,254	-0.2%
Net Income	$510,570	$133,368	+2.8%

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

$74,598

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORA BROWN	EXECUTIVE DI	40.00	Officer	$74,598	$0	$74,598
ALEX FRANCE	DIRECTOR	1.00	Director	$0	$0	$0
ERIK HEFFERNAN	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI MARSHALL	SECRETARY	1.00	Officer Director	$0	$0	$0
LUKE PAQUIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIELLE RICKLEY	TREASURER	1.00	Officer Director	$0	$0	$0
SIERRA SAYLES	DIRECTOR	1.00	Director	$0	$0	$0
RYAN SIGMON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARK SPOSITO	DIRECTOR	1.00	Director	$0	$0	$0
AIMEE WILLIFORD	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
2025	$1,930,300	$1,419,730	$2,543,806	$510,570
2024	$1,849,622	$1,716,254	$2,035,781	$133,368
2023	$1,809,619	$1,542,856	$1,908,548	$266,763
2022	$1,120,070	$882,959	$1,639,993	$237,111
2021	$1,189,114	$703,567	$1,402,739	$485,547
2020	$473,795	$439,033	$913,335	$34,762
2019	$1,036,365	$1,004,045	$877,902	$32,320
2018	$856,648	$841,099	$842,949	$15,549