SISTER BAY ADVANCEMENT ASSOCIATION… - Form 990 Financial Data

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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

1955

Principal Officer

TONYA CROWELL

Phone

9208543230

Tax Period

2024-01-01 to 2024-12-31

SISTER BAY ADVANCEMENT ASSOCIATION INC, founded in 1955, is a small nonprofit in the Community Improvement sector that reported $458K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $401K left a modest 12% surplus.

Mission

TO SUPPORT AND PROMOTE THE BUSINESS COMMUNITY OF SISTER BAY BY ATTRACTING TOURISM THROUGH A SUSTAINABLE MARKETING PLAN; PROVIDE CULTURAL ACTIVITIES AND CELEBRATORY EVENTS THAT MAKE OUR COMMUNITY A VITAL PLACE TO LIVE, WORK AND PLAY; AND SUPPORT THE DEVELOPMENT OF SISTER BAY AS A YEAR ROUND COMMUNITY FOR BUSINESSES, VISITORS AND RESIDENTS

Program Service Accomplishments

Program 1

PLAN AND EXECUTE FESTIVALS AND EVENTS IN SISTER BAY. DESTINATION MARKETING FOR SISTER BAY. SUPPORT AND ADVOCATE FOR OUR MEMBER BUSINESSES. THE LARGEST PROGRAM IS TO PRESENT 13 CONCERTS AND 4 MOVIES...

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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 $321,306

Program Service Revenue $134,102

Investment Income $2,525

Other Revenue $20

TOTAL REVENUE $457,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,470

Fundraising Expenses $0

Other Expenses $261,550

TOTAL EXPENSES $401,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$457,953	$356,774	+0.3%
Expenses	$401,020	$378,343	+0.1%
Net Income	$56,933	$-21,569	-3.6%

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

$71,373

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIN SODERBERG-GUGER	COMM COORDIN	40.00	Officer	$53,131	$0	$53,131
LOUISE HOWSON TO 032924	COMM. COORDI	40.00	Officer	$18,242	$0	$18,242
DREW BICKFORD TO 112024	PRESIDENT	2.00	Officer Director	$0	$0	$0
LAURA WILKER TO 120924	TREASURER	0.50	Officer Director	$0	$0	$0
PAULA ANSCHUTZ	DIRECTOR	0.25	Director	$0	$0	$0
WINDY BITTORF	DIRECTOR	0.25	Director	$0	$0	$0
EMMA COX	DIRECTOR	0.25	Director	$0	$0	$0
TONYA CROWELL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ABBY DUEBLER	SECRETARY	1.00	Officer Director	$0	$0	$0
CORI SHANAHAN	DIRECTOR	0.50	Director	$0	$0	$0
NORA ZACEK	DIRECTOR	0.25	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	$457,953	$401,020	$306,621	$56,933
2023	$356,774	$378,343	$264,844	$-21,569
2022	$292,459	$327,099	$267,390	$-34,640
2021	$308,809	$273,190	$223,525	$35,619
2020	$236,597	$197,238	$188,982	$39,359
2019	$260,686	$252,522	$149,728	$8,164
2018	$221,367	$252,858	$141,824	$-31,491

SISTER BAY ADVANCEMENT ASSOCIATION INC