MUNISING VISITORS BUREAU

EIN: 382892443

MUNISING, MI

Total Revenue
$1,063,066
Total Expenses
$1,111,690
Total Assets
$584,933
Net Assets
$539,906
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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
1990
Legal Domicile
MI
Principal Officer
CORI ANN CEARLEY
Phone
9063873536
Tax Period
2024-10-01 to 2025-09-30

MUNISING VISITORS BUREAU, founded in 1990, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

THE PURPOSE OF THE BUREAU IS TO ATTACT TRANSIENT GUEST THROUGH THE PROMOTION TOURISM IN THE MUNISING 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,060,668
Investment Income $2,398
Other Revenue $0
TOTAL REVENUE $1,063,066

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,811
Fundraising Expenses $0
Program Expenses $1,025,910
Other Expenses $989,879
TOTAL EXPENSES $1,111,690

Year-over-Year Comparison

2024 2023 Change
Revenue $1,063,066 $1,132,986 -0.1%
Expenses $1,111,690 $1,157,950 0.0%
Net Income $-48,624 $-24,964 +0.9%
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

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Governance

Voting Members
15
Independent Members
13
Employees
3
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
2
$89,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CORI ANN CEARLEY PRESIDENT/SE 40.00
Officer
$54,000 $0 $54,000
BRENDA WALTHER VICE PRESIDE 20.00
Officer
$35,000 $0 $35,000
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
2025 $1,063,066 $1,111,690 $584,933 $-48,624
2024 $1,132,986 $1,157,950 $698,225 $-24,964
2023 $1,055,856 $1,184,669 $686,490 $-128,813
2022 $1,136,697 $1,022,682 $667,163 $114,015
2021 $949,029 $672,088 $555,122 $276,941
2020 $606,074 $575,827 $277,295 $30,247
2019 $733,129 $890,176 $246,970 $-157,047
2018 $730,990 $700,605 $404,778 $30,385
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