OSCODA-WURTSMITH AIRPORT AUTHORITY

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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

1994

Legal Domicile

Principal Officer

BRENDA MCNEILL

Phone

9897391111

Tax Period

2024-10-01 to 2025-09-30

OSCODA-WURTSMITH AIRPORT AUTHORITY, founded in 1994, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Expenses of $3.2M exceeded revenue, resulting in a 34% operating deficit.

Mission

TO ACQUIRE, CONSTRUCT, IMPROVE AND OPERATE AIRPORT FACILITIES FOR THE BENEFIT OF OSCODA TOWNSHIP, IOSCO COUNTY, ALCONA COUNTY MICHIGAN AND THE SURROUNDING COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $3,015,157 Revenue: $1,464,901

LEASING OF APPROX. 29 BUILDINGS LOCATED ON AIRPORT PREMISES AND COLLECTION OF VARIOUS GRANTS AND PLANE FEES THAT CONTRIBUTE TO THE EXEMPT PURPOSE OF CONSTRUCTING, MAINTAINING AND IMPROVING AN AIRPORT...

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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 $330,711

Program Service Revenue $1,464,901

Investment Income $398,834

Other Revenue $171,218

TOTAL REVENUE $2,365,664

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $846,488

Fundraising Expenses $0

Program Expenses $3,015,157

Other Expenses $2,327,743

TOTAL EXPENSES $3,180,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,365,664	$2,359,440	+0.0%
Expenses	$3,180,231	$4,030,562	-0.2%
Net Income	$-814,567	$-1,671,122	-0.5%

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

$72,852

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA MCNEILL	ADMINISTRATO	40.00	Officer	$72,852	$0	$72,852
KEVIN BOYAT	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY DUTCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE FRANKS	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN KUBIK	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MUNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN SWISE	BOARD MEMBER	1.00	Director	$0	$0	$0
NIKKI TREAGER	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$2,365,664	$3,180,231	$51,438,642	$-814,567
2024	$2,359,440	$4,030,562	$52,846,836	$-1,671,122
2023	$9,695,983	$3,809,988	$55,488,319	$5,885,995
2022	$2,449,059	$3,205,434	$44,123,314	$-756,375
2021	$5,593,713	$3,359,229	$38,988,577	$2,234,484
2020	$4,533,788	$3,537,136	$37,040,369	$996,652
2019	$2,036,814	$2,831,598	$36,151,687	$-794,784
2018	$9,610,674	$2,633,445	$37,217,133	$6,977,229