BEAVER ISLAND, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BEAVER ISLAND HISTORICAL SOCIETY OF MICHIGAN, founded in 1957, is a small nonprofit in the Arts, Culture & Humanities sector that reported $347K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Net assets of $951K represent 33 months of operating reserves.
PRESERVING AND SHARING THE UNIQUE HISTORY OF BEAVER ISLAND AND THE ARCHIPELAGO, THE BEAVER ISLAND HISTORICAL SOCIETY WAS FOUNDED IN 1957 TO COLLECT AND SHARE THE FASCINATING HISTORY OF BEAVER ISLAND. A REMOTE ISLAND IN LAKE MICHIGAN, IT HAS WITNESSED MANY INTERESTING AND UNIQUE HISTORICAL EVENTS, AND HAS BEEN HOME TO VARIOUS GROUPS INCLUDING NATIVE AMERICANS, A MORMON BRANCH KNOWN AS THE STRANGITES, IRISH IMMIGRANTS, FISHERMAN, LUMBERJACKS, AND MANY MORE. THE HISTORICAL SOCIETY CURRENTLY OPERATES TWO MUSEUMS ON THE ISLAND, THE PRINT SHOP MUSEUM AND THE MARINE MUSEUM, AS WELL AS TWO ADDITIONAL HISTORICAL SITES, HERITAGE PARK AND THE PROTAR HOME. WE OFFER SEVERAL RESOURCES AND SERVICES TO OUR VISITORS, INCLUDING GENEALOGICAL RESEARCH, COPIES OF ARCHIVAL PHOTOS, AND SERIES OF HISTORICAL JOURNALS AND OTHER BOOKS FOR PURCHASE. ADDITIONALLY, WE HOST MANY EVENTS THROUGHOUT THE YEAR TO PROMOTE THE ISLAND'S HISTORY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $347,091 | $262,818 | +0.3% |
| Expenses | $356,096 | $326,793 | +0.1% |
| Net Income | $-9,005 | $-63,975 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANGELA LEFEVRE-WELKE | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TRACY PAQUIN | VICE-PRESIDE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUE SCREVEN | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JACQUE LAFRENIERE | TREASURER | N/A |
Officer
Director
|
$0 | $0 | $0 |
| GEORGE BRODER | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ALAN VICSTEIN | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| CRAIG TURNBALL | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| KIM BOUSQUET | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| JOE CALLIAN | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $347,091 | $356,096 | $1,023,088 | $-9,005 |
| 2023 | $262,110 | $326,793 | $1,029,065 | $-64,683 |
| 2023 | $262,110 | $326,793 | $1,054,659 | $-64,683 |
| 2022 | $227,801 | $174,261 | $1,087,623 | $53,540 |
| 2021 | $233,154 | $260,628 | $1,024,485 | $-27,474 |
| 2020 | $212,289 | $128,530 | $1,065,872 | $83,759 |
| 2019 | $122,441 | $121,778 | $906,742 | $663 |
| 2018 | $128,245 | $90,599 | $906,313 | $37,646 |
Compare BEAVER ISLAND HISTORICAL SOCIETY OF MICHIGAN with other nonprofits in Michigan and across the country.