PETOSKEY-HARBOR SPRINGS AREA COMMU… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

DAVID JONES

Phone

2313485820

Tax Period

2024-04-01 to 2025-03-31

PETOSKEY-HARBOR SPRINGS AREA COMMUNITY FOUNDATION, founded in 1991, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.1M in total revenue in fiscal year 2024. Expenses of $7.9M left a modest 13% surplus.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR ALL PEOPLE IN EMMET COUNTY BY CONNECTING DONORS WITH COMMUNITY NEEDS, BUILDING A PERMANENT SOURCE OF CHARITABLE FUNDS, ADDRESSING A BROAD RANGE OF COMMUNITY ISSUES THROUGH GRANTMAKING, AND CHAMPIONING PHILANTHROPY.

Program Service Accomplishments

Program 1

Expenses: $7,192,034

THE COMMUNITY FOUNDATION MAKES GRANTS FOR CHARITABLE PURPOSES TO VARIOUS 501(C)(3) AND GOVERNMENT ORGANIZATIONS IN THE FOLLOWING AREAS: ARTS AND CULTURE, EDUCATION, ENVIRONMENT, COMMUNITY AND...

THE COMMUNITY FOUNDATION MAKES GRANTS FOR CHARITABLE PURPOSES TO VARIOUS 501(C)(3) AND GOVERNMENT ORGANIZATIONS IN THE FOLLOWING AREAS: ARTS AND CULTURE, EDUCATION, ENVIRONMENT, COMMUNITY AND ECONOMIC DEVELOPMENT, HEALTH, HUMAN SERVICES, RECREATION, HISTORIC PRESERVATION, AND YOUTH DEVELOPMENT. ALL GRANT RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE COMMUNITY FOUNDATION'S BOARD OF DIRECTORS. DONOR ADVISED FUNDS RECOMMENDED 812 GRANTS TO SUPPORT ORGANIZATIONS THEY VALUE. THE UNRESTRICTED FUND'S DISTRIBUTION COMMITTEE AND THE YOUTH FUND'S YOUTH ADVISORY COMMITTEE RECOMMENDED 59 GRANTS TO ORGANIZATIONS SERVING A SIGNIFICANT NUMBER OF EMMET COUNTY RESIDENTS. THE ADVISORY COMMITTEE FOR FIELD OF INTEREST FUNDS, INCLUDING FUNDS SUPPORTING SENIORS, CHILDREN, HOUSING OR THE ENVIRONMENT, RECOMMENDED 83 GRANTS TO ORGANIZATIONS IN CORRESPONDING FIELDS. THE SCHOLARSHIP COMMITTEE RECOMMENDED VARIOUS SCHOLARSHIP AWARDS OF 55 GRANTS TO LOCAL STUDENTS WHO ARE PURSUING EDUCATION BEYOND HIGH SCHOOL. A TOTAL OF 1,102 GRANTS WERE AWARDED FROM COMMUNITY FOUNDATION FUNDS DURING THIS TIME PERIOD TO IMPROVE AND ENRICH LIFE IN EMMET COUNTY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,032,350

Program Service Revenue $0

Investment Income $2,992,210

Other Revenue $49,817

TOTAL REVENUE $9,074,377

Expense Breakdown

Grants Paid $7,005,749

Salaries & Benefits $523,715

Fundraising Expenses $190,064

Program Expenses $7,192,034

Other Expenses $376,520

TOTAL EXPENSES $7,905,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,074,377	$9,300,684	0.0%
Expenses	$7,905,984	$9,217,826	-0.1%
Net Income	$1,168,393	$82,858	+13.1%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$134,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET M MANCINELLI	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT E KEEDY	TRUSTEE	1.00	Director	$0	$0	$0
MARY E RAPIN	TRUSTEE	1.00	Director	$0	$0	$0
CLAIRE FORSTER	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER H ATTIE	TRUSTEE	1.00	Director	$0	$0	$0
EMERSON J MEYER	TRUSTEE	1.00	Director	$0	$0	$0
COURTNEY FONT	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM HENAGAN	TRUSTEE	1.00	Director	$0	$0	$0
DOUG LARSON	TRUSTEE	1.00	Director	$0	$0	$0
DAVID DEAL	TRUSTEE	1.00	Director	$0	$0	$0
NORA RILEY	TRUSTEE	1.00	Director	$0	$0	$0
DANA F ANDREWS	PRESIDENT	3.00	Officer Director	$0	$0	$0
STEVEN L BOECKMAN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MELISSA A NGUYEN	TREASURER	4.00	Officer Director	$0	$0	$0
SARAH L SHUMAN	SECRETARY	3.00	Officer Director	$0	$0	$0
DAVID JONES	EXECUTIVE DIRECTOR	40.00	Officer	$124,650	$10,017	$134,667

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	$9,074,377	$7,905,984	$61,985,629	$1,168,393
2024	$9,300,684	$9,217,826	$61,226,065	$82,858
2023	$8,085,618	$6,342,237	$55,398,624	$1,743,381
2022	$7,516,964	$4,261,148	$56,667,644	$3,255,816
2021	$6,225,556	$4,510,491	$56,212,807	$1,715,065
2020	$5,190,171	$3,783,176	$39,491,856	$1,406,995
2019	$6,162,966	$3,342,133	$44,140,143	$2,820,833

PETOSKEY-HARBOR SPRINGS AREA COMMUNITY FOUNDATION