Friends of the Iron Mountain DDA

EIN: 843301603 501(c)(3) Civil Rights & Advocacy

Iron Mountain, MI

Total Revenue
$16,732
Total Expenses
$12,382
Total Assets
$4,350
Net Assets
$4,350
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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
2019
Legal Domicile
MI
Principal Officer
Megan Blomquist
Tax Period
2020-01-01 to 2020-12-31

Friends of the Iron Mountain DDA, founded in 2019, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $17K in total revenue in fiscal year 2020. The organization ran a surplus of $4K, a strong 26% operating margin.

Mission

To support the services and programs of the Iron Mountain Downtown Development Authority within the established DDA district, in order to promote the revitalization of Downtown Iron Mountain.

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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 (2020)

Revenue Breakdown

Contributions & Grants $16,732
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $16,732

Expense Breakdown

Grants Paid $8,036
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,382
Other Expenses $4,346
TOTAL EXPENSES $12,382

Year-over-Year Comparison

2020 2019 Change
Revenue $16,732 N/A N/A
Expenses $12,382 N/A N/A
Net Income $4,350 N/A N/A
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
6
Independent Members
6
Employees
N/A
Volunteers
15

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
4
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Klossner Director 0.00
Director
$0 $0 $0
Holly Degroot Director 0.00
Director
$0 $0 $0
Lisa Villringer Vice President 0.00
Officer
$0 $0 $0
Megan Blomquist President 0.00
Officer
$0 $0 $0
Amber Pipp Treasurer 0.00
Officer
$0 $0 $0
Elsa Pontbriand Secretary 0.00
Officer
$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
2020 $16,732 $12,382 $4,350 $4,350
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