Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.66x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
31st percentile
Higher net margin than 31% of similar nonprofits.
Top Officer Pay
86th percentile
Higher top officer pay than 86% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
26th percentile
Faster asset growth than 26% of similar nonprofits.
Revenue Growth
50th percentile
Faster revenue growth than 50% of similar nonprofits.
Balance Sheet
Assets
Down$338,675
Down $42,764 (-11%) from 2019
Net Assets
$115,883
No earlier filing loaded for comparison.
Liabilities
Down$222,792
Down $32,366 (-13%) from 2019
Revenue And Expenses
Revenue
Down$99,840
Down $15,705 (-14%) from 2019
Expenses
Up$107,996
Up $23,327 (+28%) from 2019
Net Income
Down-$8,156
Down $39,032 (-126%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Mar 19, 2021
- Return Version
- 2020v4.0
- Gross Receipts
- $99,840
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.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Operate a six-car barge ferry connecting Diamond Island with the mainland between April 15, 2020 and October 31, 2020, using a staff of 5-6 employee operators and Island volunteers. | $0 | $76,396 |
| Maintain and repair barge and mainland/island landings | $0 | $20,814 |
| Arrange for garbage services and coordinate transport of law enforcement, medical and utilities vehicles to the Island. | $0 | $10,309 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Gary Gries | President | PT | $0 | - | - |
| Phil Bottger | Vice President | PT | $0 | - | - |
| James E Andrasco | Treasurer | PT | $0 | - | - |
| Lisa Marley | Secretary | PT | $0 | - | - |
| Kevin Douglas | Director | PT | $0 | - | - |
| Dave Benhart | Director | PT | $0 | - | - |
| Dean Nerad | Director | PT | $0 | - | - |
| James OBrien | Director | PT | $0 | - | - |
| Michael Maloney | Director | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Diamond Island Assn
- EIN
- 38-1647249
- Phone
- 7082808412
- Address
- 21290 CARLTON DRIVE, CASSOPOLIS, MI 49031
Signing Officer
- Name
- James Andrasco
- Title
- Treasurer
- Phone
- 7082808412
- Signed
- 2021-03-19
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 16
“Description;Amount^INSURANCE;13863|BARGE DEPRECIATION;14787|BARGE FUEL;5941|INTEREST EXPENSE;9779|PORTABLE TOILET AND PROGRAM EXPENSES;238|DUES REBATE;217|COMPUTER REPAIR;123|GARBAGE SERVICE;10309|ISLAND SAFETY;327|MEMORIALS;150^Total;55734^”
Form 990-EZ, Part I, Line 20
“We have not been able to identify a specific reason why the sum of the 2020 Net Assets Opening Balance and the 2020 Operating Excess does not equal the 2020 Net Assets Ending Balance, necessitating a -$2,242 Other Changes adjustment. The rudimentary bookkeeping practices and software used by the Association for many years were updated over the past 18 months to address the complexities encountered during 2019 and 2020 in recording large capital expenditures, accounting for an unprecedented level of borrowing, accelerating annual dues to address unexpected cash flow needs, and the covid virus disruptions. In 2020, the Association acquired new accounting software and Association members with accounting expertise have begun assisting the treasurer in modernizing the Association's accounting.”
Form 990-EZ, Part II, Line 24
“Other Assets consist of a new six-car barge with an original basis of $266,167.80 placed in service in July, 2019, less cumulative and current depreciation of $22,180.54.”
Form 990-EZ, Part II, Line 26
“The Association borrowed from Niles Credit Union $255,158 to construct the barge payable over a seven-year period. during 2020, the Association repaid $32,366 of the loan principal.”
Raw XML Appendix168 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 |
|---|---|---|
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| IRS990EZ/BenefitsPaidToOrForMembersAmt | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | James E Andrasco |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7082808412 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 21290 CARLTON DRIVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CASSOPOLIS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 49031 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 122665 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 94688 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 0 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -8156 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 672 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form1120PolFiledInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 381439 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 338675 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 9000 |
| IRS990EZ/GamingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 0 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 99840 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 116 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 73700 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 126281 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 115883 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 126281 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 115883 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 21877 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 5 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 8 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 5 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 8 | 5 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Gary Gries |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Phil Bottger |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | James E Andrasco |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Lisa Marley |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Kevin Douglas |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | Dave Benhart |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | Dean Nerad |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | James OBrien |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | Michael Maloney |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Vice President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | Director |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 258774 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 243987 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -2242 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 55734 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 0 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 642 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 17024 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Operate a six-car barge ferry connecting Diamond Island with the mainland between April 15, 2020 and October 31, 2020, using a staff of 5-6 employee operators and Island volunteers. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | Maintain and repair barge and mainland/island landings |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | Arrange for garbage services and coordinate transport of law enforcement, medical and utilities vehicles to the Island. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 2 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 76396 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 20814 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 10309 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 29071 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 9000 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 255158 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 222792 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 107996 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 107519 |
| IRS990EZ/TotalRevenueAmt | 0 | 99840 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationAssocInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | DIAMOND-ISLAND.COM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description;Amount^INSURANCE;13863|BARGE DEPRECIATION;14787|BARGE FUEL;5941|INTEREST EXPENSE;9779|PORTABLE TOILET AND PROGRAM EXPENSES;238|DUES REBATE;217|COMPUTER REPAIR;123|GARBAGE SERVICE;10309|ISLAND SAFETY;327|MEMORIALS;150^Total;55734^ |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | We have not been able to identify a specific reason why the sum of the 2020 Net Assets Opening Balance and the 2020 Operating Excess does not equal the 2020 Net Assets Ending Balance, necessitating a -$2,242 Other Changes adjustment. The rudimentary bookkeeping practices and software used by the Association for many years were updated over the past 18 months to address the complexities encountered during 2019 and 2020 in recording large capital expenditures, accounting for an unprecedented level of borrowing, accelerating annual dues to address unexpected cash flow needs, and the covid virus disruptions. In 2020, the Association acquired new accounting software and Association members with accounting expertise have begun assisting the treasurer in modernizing the Association's accounting. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Other Assets consist of a new six-car barge with an original basis of $266,167.80 placed in service in July, 2019, less cumulative and current depreciation of $22,180.54. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The Association borrowed from Niles Credit Union $255,158 to construct the barge payable over a seven-year period. during 2020, the Association repaid $32,366 of the loan principal. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part II, Line 26 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 11 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JAMES ANDRASCO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7082808412 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-03-19 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DIAMOND ISLAND ASSN |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DIAM |
| ReturnHeader/Filer/EIN | 0 | 381647249 |
| ReturnHeader/Filer/PhoneNum | 0 | 7082808412 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 21290 CARLTON DRIVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CASSOPOLIS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 49031 |
| ReturnHeader/ReturnTs | 0 | 2021-03-16T12:38:25-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $338,675
- Liabilities
- $222,792
- Net assets
- $115,883
- Revenue
- $99,840
- Expenses
- $107,996
- Net income
- -$8,156