OMENA VILLAGE PRESERVATION ASSOC

EIN: 421645680 501(c)(3) Community Improvement

OMENA, MI

Total Revenue
$94,538
Total Expenses
$90,431
Total Assets
$730,172
Net Assets
$616,851
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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
2003
Legal Domicile
MI
Principal Officer
JIM PROMO
Phone
2313867188
Tax Period
2022-01-01 to 2022-12-31

OMENA VILLAGE PRESERVATION ASSOC, founded in 2003, is a micro nonprofit in the Community Improvement sector that reported $95K in total revenue in fiscal year 2022. Expenses of $90K left a modest 4% surplus.

Mission

PRESERVATION AND RESTORATION OF HISTORIC VILLAGE OF OMENA BUILDINGS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $15,018
Program Service Revenue $70,350
Investment Income $0
Other Revenue $9,170
TOTAL REVENUE $94,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,301
Program Expenses $83,530
Other Expenses $90,431
TOTAL EXPENSES $90,431

Year-over-Year Comparison

2022 2021 Change
Revenue $94,538 $93,956 +0.0%
Expenses $90,431 $69,238 +0.3%
Net Income $4,107 $24,718 -0.8%
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
9
Independent Members
9
Employees
N/A
Volunteers
N/A

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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL BISKUPSKI DIRECTOR 2.00
Director
$0 $0 $0
KATHY BOSCO VICE PRESIDE 2.00
Director
$0 $0 $0
BOB JACKSON TREASURER 2.00
Officer Director
$0 $0 $0
ANN MASON SECRETARY 2.00
Officer Director
$0 $0 $0
JIM PROMO PRESIDENT 5.00
Officer Director
$0 $0 $0
LAURIE REMTER DIRECTOR 2.00
Officer Director
$0 $0 $0
ROB TUBBS VICE PRESIDE 2.00
Officer Director
$0 $0 $0
JOE VARLEY DIRECTOR 2.00
Director
$0 $0 $0
MEG WILKES DIRECTOR 2.00
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
2022 $94,538 $90,431 $730,172 $4,107
2021 $93,956 $69,238 $767,212 $24,718
2020 $83,239 $59,554 $754,123 $23,685
2019 $91,384 $67,662 $771,112 $23,722
2018 $219,896 $44,046 $767,482 $175,850
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