MACKINAC ISLAND COMMUNITY FOUNDATION (EIN 383179612) - Form 990 Financial Analysis & Trantor Score

🔒

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

1994

Legal Domicile

Principal Officer

RICK LINN

Phone

9068473701

Tax Period

2023-01-01 to 2023-12-31

MACKINAC ISLAND COMMUNITY FOUNDATION, founded in 1994, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 340% from the prior year, signaling strong growth momentum. The organization ran a surplus of $937K, a strong 48% operating margin.

Mission

PROMOTES THE GENERAL WELL-BEING OF ISLAND RESIDENTS AND VISITORS.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $579,436

Program Service Revenue $4,548

Investment Income $1,347,046

Other Revenue $35,026

TOTAL REVENUE $1,966,056

Expense Breakdown

Grants Paid $707,162

Salaries & Benefits $125,242

Fundraising Expenses $5,163

Program Expenses $765,036

Other Expenses $197,004

TOTAL EXPENSES $1,029,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,966,056	$447,282	+3.4%
Expenses	$1,029,408	$898,393	+0.1%
Net Income	$936,648	$-451,111	-3.1%

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

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

$70,298

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MURRAY	CHAIR	2.00	Officer Director	$0	$0	$0
KATHLEEN RICKLEY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARGARET M DOUD	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD LINN	TREASURER	2.00	Officer Director	$0	$0	$0
BOB BENSER	TRUSTEE	2.00	Director	$0	$0	$0
CAROL REARICK	TRUSTEE	2.00	Director	$0	$0	$0
BRADLEY CHAMBERS	TRUSTEE	2.00	Director	$0	$0	$0
LORNA P STRAUS	TRUSTEE	2.00	Director	$0	$0	$0
BRENDA BUNKER	TRUSTEE	2.00	Director	$0	$0	$0
JANE YOUNG	TRUSTEE	2.00	Director	$0	$0	$0
PHIL PORTER	TRUSTEE	2.00	Director	$0	$0	$0
STEPHANIE MCGREEVY	EXECUTIVE DIRECTOR	40.00	Officer	$70,298	$0	$70,298

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,966,056	$1,029,408	$18,642,658	$936,648
2022	$447,282	$898,393	$15,366,797	$-451,111
2021	$1,750,042	$1,231,406	$19,885,953	$518,636
2020	$459,795	$738,464	$17,333,208	$-278,669
2019	$1,142,510	$528,906	$14,775,235	$613,604
2018	$665,350	$870,847	$12,014,290	$-205,497

MACKINAC ISLAND COMMUNITY FOUNDATION