TAWAS BAY TOURIST & CONVENTION BUREAU (EIN 382745543) - 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

1987

Legal Domicile

Tax Period

2021-06-01 to 2022-05-31

TAWAS BAY TOURIST & CONVENTION BUREAU, founded in 1987, is a micro nonprofit that reported $89K in total revenue in fiscal year 2021. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26K, a strong 29% operating margin.

Mission

PROMOTE TOURISM

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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 (2021)

Revenue Breakdown

Contributions & Grants $89,088

Program Service Revenue $0

Investment Income $55

Other Revenue $0

TOTAL REVENUE $89,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,316

Other Expenses $62,974

TOTAL EXPENSES $62,974

Year-over-Year Comparison

	2021	2020	Change
Revenue	$89,143	$66,768	+0.3%
Expenses	$62,974	$35,992	+0.7%
Net Income	$26,169	$30,776	-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

N/A

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
MARC DIMMIG	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD PETERS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MASTERS	DIRECTOR	1.00	Director	$0	$0	$0
NICK PATTEL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE STONEHOUSE	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI DEWALD	SECRETARY TREASURER	10.00	Officer	$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
2022	$89,143	$62,974	$94,253	$26,169
2021	$66,768	$35,992	$68,084	$30,776
2020	$62,939	$53,021	$37,308	$9,918
2019	$63,733	$53,935	$27,390	$9,798

TAWAS BAY TOURIST & CONVENTION BUREAU