ALPENA, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TARGET ALPENA DEVELOPMENT CORPORATION, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $331K in total revenue in fiscal year 2023. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 21% operating margin.
TO PROMOTE THE SOCIAL AND GENERAL WELFARE OF ALPENA COUNTY.
CONTINUED TO MANAGE AND SUPPORT REVOLVING LOAN FUND AND MICRO-REVOLVING LOAN FUND PROVIDING LOW INTEREST LOANS FOR SMALL BUSINESS. ALSO DEVELOPED INDUSTRIAL PARK AND SUPPORTED COMMUNITY PROJECTS IN...
CONTINUED TO MANAGE AND SUPPORT REVOLVING LOAN FUND AND MICRO-REVOLVING LOAN FUND PROVIDING LOW INTEREST LOANS FOR SMALL BUSINESS. ALSO DEVELOPED INDUSTRIAL PARK AND SUPPORTED COMMUNITY PROJECTS IN CONJUNCTION WITH THE CHAMBER OF COMMERCE, DOWNTOWN DEVELOPMENT AUTHORITY, AND THE PUBLIC SCHOOL SYSTEM.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $330,922 | $132,955 | +1.5% |
| Expenses | $259,869 | $97,275 | +1.7% |
| Net Income | $71,053 | $35,680 | +1.0% |
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 |
|---|---|---|---|---|---|---|
| TODD BRITTON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| COREY CANUTE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KEN DRAGIEWICZ | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ANNE GENTRY | PRESIDENT | 2.00 |
Director
|
$0 | $0 | $0 |
| DON MACMASTER | PAST PRESIDE | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL NOWAK | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JESSE OSMER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SCOTT PAULY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| NATHAN SKIBBE | PAST PRESIDE | 2.00 |
Director
|
$0 | $0 | $0 |
| MARTY THOMSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DENNIS WERNER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| STEVE WILSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $330,922 | $259,869 | $1,193,333 | $71,053 |
| 2022 | $132,955 | $97,275 | $1,365,489 | $35,680 |
| 2021 | $199,392 | $144,934 | $1,319,394 | $54,458 |
| 2020 | $3,920,313 | $3,884,256 | $1,349,782 | $36,057 |
| 2019 | $153,423 | $105,376 | $1,310,394 | $48,047 |
| 2018 | $117,608 | $109,440 | $1,277,455 | $8,168 |
Compare TARGET ALPENA DEVELOPMENT CORPORATION with other nonprofits in Michigan and across the country.