I-69 REGIONAL DEVELOPMENT CORP (EIN 454588143) - Form 990 Financial Analysis & Trantor Score

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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

2012

Legal Domicile

Principal Officer

MIKE BURKE

Phone

8106670080

Tax Period

2024-07-01 to 2025-06-30

I-69 REGIONAL DEVELOPMENT CORP, founded in 2012, is a micro nonprofit in the Community Improvement sector that reported $23K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7K, a strong 33% operating margin.

Mission

TO ASSIST BUSINESSES IN THE I-69 REGION CONSISTING OF LAPEER, ST CLAIR, SHIAWASSEE AND GENESEE COUNTIES FOR SUCH PURPOSES AS MAKING SMALL BUSINESS LOANS AND EDUCATIONAL PURPOSES.

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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 $11,362

Program Service Revenue $7,654

Investment Income $2,839

Other Revenue $748

TOTAL REVENUE $22,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,536

Other Expenses $15,128

TOTAL EXPENSES $15,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,603	$18,082	+0.3%
Expenses	$15,128	$261,717	-0.9%
Net Income	$7,475	$-243,635	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BURKE	CHAIRMAN	2.00	Officer	$0	$0	$0
MARK MORRISON	VICE CHAIRMA	2.00	Officer	$0	$0	$0
LARRY GAWTHROP	TREASURER	2.00	Officer	$0	$0	$0
DON DUBE	TRUSTEE	2.00	Director	$0	$0	$0
DALE KERBYSON	SECRETARY	2.00	Officer	$0	$0	$0
SAM MOORE	EXECUTIVE DI	2.00	Director	$0	$0	$0
GREG STREMERS	TRUSTEE	2.00	Director	$0	$0	$0
SAMANTHA SCHNETTLER	TRUSTEE	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
2025	$22,603	$15,128	$610,269	$7,475
2024	$18,082	$261,717	$475,738	$-243,635
2023	$7,975	$19,367	$719,892	$-11,392
2022	$9,002	$1,074	$730,765	$7,928
2021	$22,303	$3,427	$723,839	$18,876
2020	$24,650	$4,170	$705,055	$20,480
2019	$95,190	$18,751	$685,698	$76,439

I-69 REGIONAL DEVELOPMENT CORP