LITTLE TRAVERSE BAY FOUNDATION

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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

Principal Officer

CHRIS CHAMBERLAIN

Phone

2315265366

Tax Period

2021-01-01 to 2021-12-31

LITTLE TRAVERSE BAY FOUNDATION, founded in 2019, is a micro nonprofit that reported $90K in total revenue in fiscal year 2021. Revenue fell 58% from the prior year — a significant decline worth monitoring.

Mission

I) LESSENING THE BURDENS OF GOVERNMENT AND IMPROVING THE ENVIRONMENT BY REDUCING FUEL EMISSIONS BY PROVIDING A FERRY SERVICE BETWEEN THE CITIES OF PETOSKEY AND HARBOR SPRINGS; (II) PROVIDING ACCESS TO THE GREAT LAKES THAT OTHERWISE MAY NOT BE AVAILABLE TO ALL IN THE COMMUNITY IN NORTHERN MICHIGAN; (III) PROVIDING WATER-BASED EDUCATION AND AWARENESS OF WATER RESOURCES AND OTHER ASPECTS OF THE GREAT LAKES AND THE NORTHERN MICHIGAN COMMUNITY; AND (IV) CONDUCTING ALL ACTIVITIES INCIDENTAL OR NECESSARY TO ACCOMPLISH THE FOREGOING PURPOSES OR OTHERWISE PERMITTED BY SECTION 50L(C)(3) OF THE CODE AND THE REGULATIONS PROMULGATED THEREUNDER.

Program Service Accomplishments

Program 1

Expenses: $91,716 Revenue: $43,032

PROVIDING WATER-BASED EDUCATION AND AWARENESS OF WATER RESOURCES AND OTHER ASPECTS OF THE GREAT LAKES AND THE NORTHERN MICHIGAN COMMUNITY - IN 2021 4,057 PASSENGERS WERE SERVED.

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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 (2021)

Revenue Breakdown

Contributions & Grants $50,970

Program Service Revenue $42,564

Investment Income $0

Other Revenue $-3,040

TOTAL REVENUE $90,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $91,716

Other Expenses $95,065

TOTAL EXPENSES $95,065

Year-over-Year Comparison

	2021	2020	Change
Revenue	$90,494	$216,467	-0.6%
Expenses	$95,065	$151,402	-0.4%
Net Income	$-4,571	$65,065	-1.1%

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

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
CHRIS CHAMBERLAIN	PRESIDENT	3.00	Officer Director	$0	$0	$0
BRAD RELLINGER	SECRETARY	3.00	Officer Director	$0	$0	$0
CHIP EVEREST	TREASURER	3.00	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
2021	$90,494	$95,065	$60,494	$-4,571
2020	$216,467	$151,402	$65,153	$65,065