TRAVERSE CITY, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DOWNTOWN TRAVERSE CITY ASSOCIATION, founded in 1962, is a small nonprofit in the Community Improvement sector that reported $256K in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $83K, a strong 32% operating margin.
TO ADVANCE, PROTECT AND PERPETUATE THE COMMERICAL, PROFESSIONAL, FINANCIAL AND GENERAL BUSINESS INTEREST OF DOWNTOWN TRAVERSE CITY.
THE DOWNTOWN TRAVERSE CITY ASSOCIATION FACILITATES A NUMBER OF COMMUNITY EVENTS. IN THE 2024-25 YEAR, 18 EVENTS WERE HOSTED INCLUDING SEASONAL/HOLIDAY EVENTS, ART FAIRS, SHOP YOUR COMMUNITY DAY...
THE DOWNTOWN TRAVERSE CITY ASSOCIATION FACILITATES A NUMBER OF COMMUNITY EVENTS. IN THE 2024-25 YEAR, 18 EVENTS WERE HOSTED INCLUDING SEASONAL/HOLIDAY EVENTS, ART FAIRS, SHOP YOUR COMMUNITY DAY, FRIDAY NIGHT LIVE, SUMMER STREET SALE AND THE TRAVERSE CITY RESTAURANT WEEK.
THE DOWNTOWN TRAVERSE CITY ASSOCIATION WORKS TO MARKET AND PROMOTE THE DOWNTOWN DISTRICT. $12,823 WAS SPENT ON PROMOTIONAL ITEMS AND ADVERTISING IN 2024-25
MEMBERSHIP DUES FROM THE MERCHANTS AND BUSINESSES THAT RESIDE IN DOWNTOWN TRAVERSE CITY FUND THE DOWNTOWN TRAVERSE CITY ASSOCIATION. IN 2024-25, THERE WERE OVER 200 MEMBERS FOR A TOTAL OF $83,465 IN...
MEMBERSHIP DUES FROM THE MERCHANTS AND BUSINESSES THAT RESIDE IN DOWNTOWN TRAVERSE CITY FUND THE DOWNTOWN TRAVERSE CITY ASSOCIATION. IN 2024-25, THERE WERE OVER 200 MEMBERS FOR A TOTAL OF $83,465 IN MEMBERSHIP DUES RECEIVED.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $255,824 | $954,221 | -0.7% |
| Expenses | $173,247 | $985,202 | -0.8% |
| Net Income | $82,577 | $-30,981 | -3.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAWN GILDERSLEEVE | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAREN ROOFE | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LIBBY HOGAN | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AMANDA WALTON | SECRETARY | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF JOUBRAN | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| SEBASTIAN GARBASCH | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| GARY JONAS | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| HARRY BURKHOLDER | CEO | 1.00 |
Officer
|
$0 | $5,701 | $131,781 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $255,824 | $173,247 | $595,198 | $82,577 |
| 2025 | No data | No data | No data | No data |
Compare DOWNTOWN TRAVERSE CITY ASSOCIATION with other nonprofits in Michigan and across the country.