MUNISING VISITORS BUREAU

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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

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.

Program Service Accomplishments

Program 1

Expenses: $1,025,910 Revenue: $1,024,658

THE PURPOSE OF THE BUREAU IS TO ATTRACT TRANSIENT GUESTS THROUGH THE PROMOTION OF PERMANENT ATTRACTIONS, EVENTS, AND PROJECTS IN THE MUNISING AREA RELATED TO THE TOURISM INDUSTRY.

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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 $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

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

$89,000

Total Directors

Key Employees

Highest Compensated

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