GLADWIN, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SUGAR SPRINGS PROPERTY OWNERS ASSOCIATION, founded in 1972, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Expenses of $3.4M left a modest 5% surplus.
TO PROMOTE THE HEALTH, SAFETY AND WELFARE OF THE RESIDENTS WITHIN THE BOUNDARIES OF THAT CERTAIN REAL ESTATE DEVELOPMENT SITUATED IN GLADWIN COUNTY, MICHIGAN, COMMONLY KNOWN AS "SUGAR SPRINGS- AND SUCH ADDITIONS THERTO AS MAY HEREAFTER BE BROUGHT WITHIN THE JURISDICTION OF THIS CORPORATION BY ANNEXATION, HEREAFTER REFERRED TO AS "THE PROPERTIES- AND FOR THIS PURPOSE TO: (A) PROVIDE FOR THE PROTECTION OF THE VALUES, AMENITIES AND QUALITIES IN THE DEVELOPMENT AND FOR THE MAINTENANCE, IMPROVEMENT, POLICING AND PRESERVATION OF COMMON PROPERTIES (GROUNDS OR OPEN SPACE, TRAILS, RECREATIONAL FACILITIES AND THE LIKE); (B) SUPPLEMENT MUNICIPAL SERVICES; (C) FIX ASSESSMENTS TO BE LEVIED AGAINST THE PROPERTIES; (D) ENFORCE ANY AND ALL COVENANTS, RESTRICTIONS AND AGREEMENTS APPLICABLE TO THE PROPERTIES; AND, (E) PAY TAXES, IF ANY, ON THE COMMON PROPERTIES; AND, (F) INSOFAR AS PERMITTED BY LAW, TO DO ANY OTHER THING THAT WILL PROMOTE THE COMMON BENEFIT AND ENJOYMENT OF THE RESIDENTS OF THE PROPERTI
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 | $3,586,158 | $3,416,750 | +0.0% |
| Expenses | $3,415,879 | $3,092,195 | +0.1% |
| Net Income | $170,279 | $324,555 | -0.5% |
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 |
|---|---|---|---|---|---|---|
| DAVID HARRIS | GENERAL MANA | 40.00 |
Officer
|
$84,150 | $31,249 | $115,399 |
| MATT SCHINDLER | TREASURER | 40.00 |
Officer
|
$63,918 | $29,568 | $93,486 |
| DALE DUNHAM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA GENTRY | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TOM HUG | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JIM ISSITT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JUNE JUCEWICZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| EVE KALTZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CRAIG TAUNT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHERRI VISNAW | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF WEEMAN | VICE PRESIDE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $3,586,158 | $3,415,879 | $5,774,897 | $170,279 |
| 2022 | $3,416,750 | $3,092,195 | $5,468,284 | $324,555 |
| 2021 | $3,024,373 | $2,884,107 | $5,130,736 | $140,266 |
| 2020 | $2,400,319 | $2,188,308 | $4,976,567 | $212,011 |
| 2019 | $2,693,893 | $2,476,391 | $4,710,009 | $217,502 |
| 2018 | $2,666,676 | $2,534,483 | $4,483,244 | $132,193 |
Compare SUGAR SPRINGS PROPERTY OWNERS ASSOCIATION with other nonprofits in Michigan and across the country.