Civic Intelligence

Diamond Island Assn

EIN 38-1647249 • 501(c)4 • Cassopolis, MI

Profile

The Association owns a (Capital Cost, ~$421,000) lake barge and operates a barge service between April and October each season, to connect an island community of 93 homes with the mainland on Diamond Lake, Michigan.

21290 Carlton DriveCassopolis, MI 49031

diamond-island.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.55x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

0.70x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2023

Net Margin

44th percentile

-0.6%

Higher net margin than 44% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

16th percentile

-41%

Faster asset growth than 16% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

38th percentile

-7.4%

Faster revenue growth than 38% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$301,033

Up $86,757 (+40%) from 2023

Liabilities

Down

$117,058

Down $670 (-0.6%) from 2023

Net Assets

Up

$183,975

Up $87,427 (+91%) from 2023

Operations
Liabilities / Revenue93rd percentileNet Margin44th percentile

Revenue

Up

$187,157

Up $19,572 (+12%) from 2023

Expenses

Down

$163,466

Down $5,178 (-3.1%) from 2023

Net Income

Up

$23,691

Up $24,750 (+2337%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth16th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2019: $381,439Liabilities 2019: $255,1582019Assets 2020: $338,675Liabilities 2020: $222,792Net Assets 2020: $115,8832020Assets 2021: $339,055Liabilities 2021: $189,116Net Assets 2021: $149,9392021Assets 2022: $360,984Liabilities 2022: $154,491Net Assets 2022: $206,4932022Assets 2023: $214,276Liabilities 2023: $117,728Net Assets 2023: $96,5482023Assets 2024: $301,033Liabilities 2024: $117,058Net Assets 2024: $183,9752024

Highlighted filing

2024

Assets$301,033
Liabilities$117,058
Net Assets$183,975
Open 2024 Filing

Operations Trend

Revenue Growth38th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2019: $115,545Expenses 2019: $84,669Net Income 2019: $30,8762019Revenue 2020: $99,840Expenses 2020: $107,996Net Income 2020: -$8,1562020Revenue 2021: $206,602Expenses 2021: $153,142Net Income 2021: $53,4602021Revenue 2022: $181,004Expenses 2022: $123,085Net Income 2022: $57,9192022Revenue 2023: $167,585Expenses 2023: $168,644Net Income 2023: -$1,0592023Revenue 2024: $187,157Expenses 2024: $163,466Net Income 2024: $23,6912024

Highlighted filing

2024

Revenue$187,157
Expenses$163,466
Net Income$23,691
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$301,033
Liabilities
$117,058
Net assets
$183,975
Revenue
$187,157
Expenses
$163,466
Net income
$23,691
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.01$1.17$1.84$1.87$1.63$0.24
2023Detailed filing. Detailed filing data is available for this year.$2.14$1.18$0.97$1.68$1.69$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.61$1.54$2.06$1.81$1.23$0.58
2021Detailed filing. Detailed filing data is available for this year.$3.39$1.89$1.50$2.07$1.53$0.53
2020Detailed filing. Detailed filing data is available for this year.$3.39$2.23$1.16$1.00$1.08$0.08
2019Summary only. Only limited summary data is available for this year.$3.81$2.55$1.16$0.85$0.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.0
Gross Receipts
$187,157
Mission and Program Overview

Mission

The Association owns a quarter of a million dollar lake barge and operates a barge service between April and October each season, to connect an island community of approximately 90 homes and lots with the mainland on Diamond Lake, Michigan.

The Association owns a (Capital Cost, ~$421,000) lake barge and operates a barge service between April and October each season, to connect an island community of 93 homes with the mainland on Diamond Lake, Michigan.

Program Services

DescriptionGrantsExpenses
Operate a six-car barge ferry connecting Diamond Island with the mainland between April 1 and November 1 using a staff of 5-6 employee operators and Island volunteers.$0$163,467
Make capital expenditure repairs to a new barge placed in service, attributable to unexpected complete or partial failures in several subsystems.$0$21,072
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jason StabnikPresidentPT$0--
Lisa MarleySecretaryPT$0--
Dean NeradTreasurerPT$0--
VINCE COLETTAVice PresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Diamond Island Assn
EIN
38-1647249
Phone
6303064940
Address
21290 CARLTON DRIVE, CASSOPOLIS, MI 49031

Signing Officer

Name
Dean Nerad
Title
Treasurer/director
Phone
6303064940
Signed
2025-05-07
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

“Other Income - From Reserves & Unapplied Cash Income”

Form 990-EZ, Part I, Line 16

“Barge Capital Expenses on Repairs”

Form 990-EZ, Part I, Line 20

“Investment in Ferry Mechanicals”

Form 990-EZ, Part I, Line 21

“Fery Value”

Form 990-EZ, Part II, Line 24

“Operate a Single 6-Car Ferry for island Residents”

Form 990-EZ, Part II, Line 26

“Loan for Car -Ferry Other Current Liabilities”

Form 990-EZ, Part II, Line 27

“Capital Barge Asset”

Raw XML Appendix140 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0Dean D Nerad
IRS990EZ/BooksInCareOfDetail/PhoneNum06303064940
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt021290 CARLTON DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CASSOPOLIS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd049031
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt013620
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt017057
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt023691
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt068230
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0214276
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0301033
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0187157
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt0153879
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt096548
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0183975
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt096548
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0183975
IRS990EZ/OccupancyRentUtltsAndMaintAmt026525
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jason Stabnik
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Lisa Marley
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Dean Nerad
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3VINCE COLETTA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Vice President
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0200656
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0283976
IRS990EZ/OtherChangesInNetAssetsAmt063736
IRS990EZ/OtherExpensesTotalAmt021072
IRS990EZ/OtherRevenueTotalAmt06920
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0The Association owns a (Capital Cost, ~$421,000) lake barge and operates a barge service between April and October each season, to connect an island community of 93 homes with the mainland on Diamond Lake, Michigan.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt026358
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Operate a six-car barge ferry connecting Diamond Island with the mainland between April 1 and November 1 using a staff of 5-6 employee operators and Island volunteers.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Make capital expenditure repairs to a new barge placed in service, attributable to unexpected complete or partial failures in several subsystems.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0163467
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt121072
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt047639
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MI
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0117728
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0117058
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0163466
IRS990EZ/TotalProgramServiceExpensesAmt0184539
IRS990EZ/TotalRevenueAmt0187157
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationAssocInd0X
IRS990EZ/WebsiteAddressTxt0DIAMOND-ISLAND.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Other Income - From Reserves & Unapplied Cash Income
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Barge Capital Expenses on Repairs
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Investment in Ferry Mechanicals
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Fery Value
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Operate a Single 6-Car Ferry for island Residents
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Loan for Car -Ferry Other Current Liabilities
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Capital Barge Asset
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 21
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part II, Line 27
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DEAN NERAD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06303064940
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DIAMOND ISLAND ASSN
ReturnHeader/Filer/BusinessNameControlTxt0DIAM
ReturnHeader/Filer/EIN0381647249
ReturnHeader/Filer/PhoneNum06303064940
ReturnHeader/Filer/USAddress/AddressLine1Txt021290 CARLTON DRIVE
ReturnHeader/Filer/USAddress/CityNm0CASSOPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049031
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-05-07T12:55:37-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.