FISHTOWN PRESERVATION SOCIETY INC

EIN: 383621736 501(c)(3) Arts, Culture & Humanities

LELAND, MI

Total Revenue
$2,698,172
Total Expenses
$409,688
Total Assets
$12,674,467
Net Assets
$12,637,983
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MI
Principal Officer
DAVID BURKHARDT
Phone
2312568878
Tax Period
2024-01-01 to 2024-12-31

FISHTOWN PRESERVATION SOCIETY INC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 304% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 85% operating margin.

Mission

FISHTOWN PRESERVATION SOCIETY EXISTS TO ASSURE PUBLIC ACCESS TO FISHTOWN AND MAINTAIN ITS HISTORICAL INTEGRITY, WORKING WATERFRONT, ARTIFACTS AND STORIES THROUGH PRESERVATION, EDUCATION AND STEWARDSHIP.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,440,370
Program Service Revenue $26,432
Investment Income $231,152
Other Revenue $218
TOTAL REVENUE $2,698,172

Expense Breakdown

Grants Paid $0
Salaries & Benefits $150,856
Fundraising Expenses $29,081
Program Expenses $175,188
Other Expenses $258,832
TOTAL EXPENSES $409,688

Year-over-Year Comparison

2024 2023 Change
Revenue $2,698,172 $668,320 +3.0%
Expenses $409,688 $347,877 +0.2%
Net Income $2,288,484 $320,443 +6.1%
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

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Governance

Voting Members
13
Independent Members
13
Employees
3
Volunteers
75

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BURKHARDT PRES & DIREC N/A
Officer Director
$0 $0 $0
DOUG GRIESE DIRECTOR N/A
Director
$0 $0 $0
BRUCE HAGEN CHAIR & DIRE N/A
Officer Director
$0 $0 $0
BERKLEY W DUCK III DIRECTOR N/A
Officer Director
$0 $0 $0
KATHY JAMIESON DIRECTOR N/A
Director
$0 $0 $0
BOB KORROCH DIRECTOR N/A
Director
$0 $0 $0
GEORGE MEEKER DIRECTOR N/A
Director
$0 $0 $0
BRIAN PRICE DIRECTOR N/A
Director
$0 $0 $0
KEN RICHMOND DIRECTOR N/A
Director
$0 $0 $0
KEVIN SHEA DIRECTOR & V N/A
Officer Director
$0 $0 $0
JOHN WELCH DIRECTOR N/A
Director
$0 $0 $0
SCOT ZIMMERMAN TREASURER & N/A
Officer 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
2024 $2,698,172 $409,688 $12,674,467 $2,288,484
2023 $668,320 $347,877 $10,405,887 $320,443
2022 $1,214,128 $336,132 $10,101,392 $877,996
2021 $1,119,999 $264,965 $9,315,979 $855,034
2020 $2,651,566 $246,867 $8,448,984 $2,404,699
2019 $1,163,821 $332,416 $5,934,639 $831,405
2018 $1,274,074 $369,302 $5,914,644 $904,772
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