PETOSKEY, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LITTLE TRAVERSE HISTORICAL SOCIETY, founded in 1965, is a micro nonprofit that reported $77K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $88K exceeded revenue, resulting in a 15% operating deficit.
THE LITTLE TRAVERSE HISTORICAL SOCIETY ENRICHES OUR COMMUNITY BY PRESERVING, SHOWCASING, AND SHARING THE HISTORY OF THE LITTLE TRAVERSE BAY AREA. THE LITTLE TRAVERSE HISTORICAL SOCIETY WILL BE CONSIDERED A CULTURAL CORNERSTONE OF THE COMMUNITY BY BECOMING A HIGHLY VALUED RESOURCE FOR INFORMATION AND EDUCATION ON THE HISTORY OF THE LITTLE TRAVERSE BAY AREA THOUGH EXPANDED PROGRAMMING, FACILITIES, AND ARCHIVES.
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 | $76,853 | $645,404 | -0.9% |
| Expenses | $88,427 | $76,270 | +0.2% |
| Net Income | $-11,574 | $569,134 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| BECKY GOODMAN | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MATT HAUSLER | VICE PRESIDE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRENDA KORTHAUER | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| LISA TURK | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN BOYLE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PENNY CRIM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANN INGLES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRUCE KOCH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE KORTHAUER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ETHEL LARSEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BETSY MEYER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUE WATSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JANE GARVER | EXECUTIVE DI | 20.00 |
Officer
|
$30,000 | $0 | $30,000 |
| SUZANN SHERK | 2023 DIRECTO | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $76,853 | $88,427 | $653,842 | $-11,574 |
| 2022 | $645,404 | $76,270 | $658,400 | $569,134 |
Compare LITTLE TRAVERSE HISTORICAL SOCIETY with other nonprofits in Michigan and across the country.