GRAND HAVENSPRING LAKE AREA VISTORS BUREAU INC (EIN 382706783) - 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

1986

Legal Domicile

Principal Officer

SHEILA MCNALLY

Phone

6168424499

Tax Period

2023-01-01 to 2023-12-31

GRAND HAVENSPRING LAKE AREA VISTORS BUREAU INC, founded in 1986, is a small nonprofit that reported $327K in total revenue in fiscal year 2023. Expenses of $369K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROMOTE TOURISM IN THE DESIGNATED ASSESSMENT DISTRICT, NORTHWEST OTTAWA COUNTY, IN THE STATE OF 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $324,526

Investment Income $760

Other Revenue $1,465

TOTAL REVENUE $326,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $175,044

Fundraising Expenses $0

Program Expenses $319,271

Other Expenses $193,517

TOTAL EXPENSES $368,561

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,751	$323,640	+0.0%
Expenses	$368,561	$308,308	+0.2%
Net Income	$-41,810	$15,332	-3.7%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA MCNALLY	CHAIR	1.00	Officer Director	$0	$0	$0
KARLA CONSTANTINE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LINDA WEAVERS	TREASURER	1.00	Officer Director	$0	$0	$0
JAMI SCHMIDT OSTERMAN	MEMBER	1.00	Director	$0	$0	$0
TONY CICCANTELLI	SECRETARY	0.00	Officer Director	$0	$0	$0
LISA WEDDING	MEMBER	1.00	Director	$0	$0	$0
AUTUMN KUMZI	MEMBER	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
2024	No data	No data	No data	No data
2023	$326,751	$368,561	$545,767	$-41,810
2022	$323,640	$308,308	$461,732	$15,332
2021	$329,712	$241,392	$440,582	$88,320
2020	$192,797	$188,577	$350,988	$4,220

GRAND HAVENSPRING LAKE AREA VISTORS BUREAU INC