MARQUETTE RANGE IRON MINING HERITAGE THEME PARK INC (EIN 383322132) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

JENNIFER HIETIKKO

Phone

9064851882

Tax Period

2025-01-01 to 2025-12-31

MARQUETTE RANGE IRON MINING HERITAGE THEME PARK INC, founded in 1996, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $89K in total revenue in fiscal year 2025. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $452K represent 61 months of operating reserves.

Mission

OPERATION OF AN EDUCATIONAL FACILITY/MUSEUM THAT DEMONSTRATES THE HISTORICAL HERITAGE OF THE MARQUETTE IRON RANGE OF MI THROUGH DISPLAYS, TOURS, AND PRESENTATIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $59,974

Program Service Revenue $0

Investment Income $1,893

Other Revenue $27,481

TOTAL REVENUE $89,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,502

Fundraising Expenses $0

Program Expenses $70,421

Other Expenses $67,753

TOTAL EXPENSES $92,255

Year-over-Year Comparison

	2025	2024	Change
Revenue	$89,348	$116,624	-0.2%
Expenses	$92,255	$117,645	-0.2%
Net Income	$-2,907	$-1,021	+1.8%

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

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

$22,495

Total Directors

$22,495

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK DRYER	DIRECTOR/PRE	10.00	Officer Director	$0	$0	$0
ERNEST JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
LEVI HIETIKKO	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN SAARI	DIRECTOR	2.00	Director	$0	$0	$0
GARY VIDLUND	DIRECTOR	2.00	Director	$0	$0	$0
IRENE ILMONEN	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER HIETIKKO	SECRETARY	6.00	Officer Director	$4,495	$0	$4,495
DAWN HOFFMAN	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA ESTELLE	DIRECTOR/MAN	30.00	Officer Director	$18,000	$0	$18,000
JAMES KIPPOLA	DIRECTOR	2.00	Director	$0	$0	$0
BRAD WATERS	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS GLEASON	DIRECTOR/VIC	2.00	Officer Director	$0	$0	$0
BILL SCARFFE	DIRECTOR	2.00	Director	$0	$0	$0
DAVE KORPI	DIRECTOR	2.00	Director	$0	$0	$0
PAM MARTZ	DIRECTOR	2.00	Director	$0	$0	$0
AL SMITH	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG ILMONEN	DIRECTOR	2.00	Director	$0	$0	$0
TOM SKELDING	DIRECTOR	2.00	Director	$0	$0	$0
KAREN KASPER	DIRECTOR	2.00	Director	$0	$0	$0
JIM SCHUSTER	DIRECTOR	2.00	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	$89,348	$92,255	$452,483	$-2,907
2024	$116,624	$117,645	$459,488	$-1,021
2023	$80,308	$86,822	$469,989	$-6,514
2022	$73,729	$93,576	$479,982	$-19,847
2021	$86,281	$79,051	$508,502	$7,230
2021	$86,281	$79,051	$503,627	$7,230
2020	$36,343	$53,630	$493,861	$-17,287
2019	$57,062	$56,518	$509,727	$544
2018	$42,290	$55,865	$515,342	$-13,575

MARQUETTE RANGE IRON MINING HERITAGE THEME PARK INC