MISHICOT AREA GROWTH AND IMPROVEME… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

MELVIN KLIMENT

Phone

9207553411

Tax Period

2023-01-01 to 2023-12-31

MISHICOT AREA GROWTH AND IMPROVEMENT COMMITTEE, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $375K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $268K, a strong 71% operating margin.

Mission

THE MISSION OF THE MISHICOT AREA GROWTH & IMPROVEMENT COMMITTEE, OTHERWISE KNOWN AS MAGIC, IS TO SUPPORT AND ENCOURAGE DEVELOPMENT AND IMPLEMENTATION OF TOURISM IN THE GREATER MISHICOT AREA, AND AT THE SAME TIME, ADVANCE THE MISHICOT AREA CULTURAL HERITAGE, IMPROVE COMMUNITY PRIDE, PROMOTE COMMUNITY EVENTS AND ACTIVITIES, AND DIVERSIFY THE ECONOMIC BASE OF THE GREATER MISHICOT AREA.

Program Service Accomplishments

Program 1

Expenses: $18,480 Revenue: $0

PROMOTION COMMITTEE ACTIVITIES - PLANS/ORGANIZES/PUBLICIZES VILLAGE OF MISHICOT ACTIVITIES AND EVENTS TO ENHANCE ITS IMAGE AND BUSINESSES, PUBLISHES NEWSLETTER, BENEFITS ENTIRE VILLAGE.

Program 2

Expenses: $78,622 Revenue: $63,735

COMMUNITY SUPPORT AND ECONOMIC DEVELOPMENT - PROVIDES FUNDING TO LOCAL COMMUNITY VOLUNTEER GROUPS AND ORGANIZATIONAL SUPPORT FOR VOLUNTEER EFFORTS AND BUSINESS DEVELOPMENT.

Program 3

Expenses: $2,536 Revenue: $0

DESIGN COMMITTEE - BEAUTIFICATION PROJECTS, HISTORIC BUILDING/MAINSTREET MAINTENANCE, MUSEUM UPGRADES AND MAINTENANCE, VILLAGE PARK PROJECTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $311,502

Program Service Revenue $63,735

Investment Income $208

Other Revenue $0

TOTAL REVENUE $375,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,109

Fundraising Expenses $0

Program Expenses $99,638

Other Expenses $98,650

TOTAL EXPENSES $107,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$375,445	$743,655	-0.5%
Expenses	$107,759	$75,034	+0.4%
Net Income	$267,686	$668,621	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA BECKER	SECRETARY/TREASURER	40.00	Officer Director	$0	$0	$0
GALE KRONFORST	DIRECTOR	1.00	Director	$0	$0	$0
PAM KRONFORST	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN KLIMENT	PRESIDENT	10.00	Officer Director	$0	$0	$0
CANDICE MAGEE	DIRECTOR	1.00	Director	$0	$0	$0
BOB SHIMEK	DIRECTOR	1.00	Director	$0	$0	$0
AL BERANEK	VICE PRESIDENT	10.00	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	No data	No data	No data	No data
2023	$375,445	$107,759	$1,114,504	$267,686
2022	$743,655	$75,034	$845,752	$668,621

MISHICOT AREA GROWTH AND IMPROVEMENT COMMITTEE