DURAND UNION STATION INC

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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

1982

Legal Domicile

Principal Officer

DAN BROOKS

Phone

9892883561

Tax Period

2024-01-01 to 2024-12-31

DURAND UNION STATION INC, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $169K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $161K left a modest 5% surplus.

Mission

OPERATION AND PRESERVATION OF DURAND UNION STATION FOR EDUCATION OF THE PUBLIC AS TO HISTORY OF RAILROADINGIN MICHIGAN.

Program Service Accomplishments

Program 1

TO PRESERVE THE HISTORY OF RAILROADING IN MICHIGAN AND THE SURROUNDING AREA.

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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 $50,334

Program Service Revenue $47,374

Investment Income $45,807

Other Revenue $25,826

TOTAL REVENUE $169,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,459

Fundraising Expenses $16,264

Other Expenses $61,276

TOTAL EXPENSES $160,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,341	$178,856	-0.1%
Expenses	$160,735	$169,024	0.0%
Net Income	$8,606	$9,832	-0.1%

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

125

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
MIKE REXIN	PRESIDENT	10.00	Officer	$0	$0	$0
DAN BROOKS	TREASURER	10.00	Officer	$0	$0	$0
NANCY FOLARON	SECRETARY	10.00	Officer	$0	$0	$0
ROD BAKER	VICE PRESIDENT	10.00	Officer	$0	$0	$0
JEANETTE GOMOS	ELECTED DIRECTOR	5.00	Director	$0	$0	$0
TODD WYZYNAJTYS	ELECTED DIRECTOR	5.00	Director	$0	$0	$0
PETER HOLLINSHEAD	ELECTED DIRECTOR	5.00	Director	$0	$0	$0
ANNA WILLSON	APPOINTED DIRECTOR	5.00	Director	$0	$0	$0
KATHY WILSON	APPOINTED DIRECTOR	5.00	Director	$0	$0	$0
DAVE HARRELL	APPOINTED DIRECTOR	5.00	Director	$0	$0	$0
NICK FLORINDI	CITY APPOINTED	5.00	Director	$0	$0	$0
JEFF BRANDS	CITY MAYOR	5.00	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
2024	$169,341	$160,735	$217,698	$8,606
2023	$178,856	$169,024	$209,185	$9,832
2022	$186,864	$163,393	$189,674	$23,471
2021	$138,632	$135,142	$173,111	$3,490
2020	$83,434	$117,127	$172,012	$-33,693
2019	$153,009	$129,976	$205,705	$23,033
2018	$135,587	$140,726	$182,672	$-5,139
2017	$204,771	$141,829	$187,811	$62,942