Civic Intelligence

Northern Michigan Angels

EIN 82-5397756 • 501(c)6 • Traverse City, MI

Profile

Promote local investment capital formation to grow the economic base in northern michigan.

PO Box 1622Traverse City, MI 49684

northernmichiganangels.com

Siviq Scores

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

Liabilities / Assets

81st percentile

0.19x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.17x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

38th percentile

-5.1%

Higher net margin than 38% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

96th percentile

$53,700

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 54.6% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

76th percentile

14%

Faster asset growth than 76% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

38th percentile

-5.6%

Faster revenue growth than 38% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$89,357

Up $21,131 (+31%) from 2022

Liabilities

Up

$16,725

Up $1,411 (+9.2%) from 2022

Net Assets

Up

$72,632

Up $19,720 (+37%) from 2022

Operations
Liabilities / Revenue82nd percentileNet Margin38th percentile

Revenue

Down

$98,366

Down $12,129 (-11%) from 2022

Expenses

Up

$103,412

Up $6,978 (+7.2%) from 2022

Net Income

Down

-$5,046

Down $19,107 (-136%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth76th percentile

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

$100K$50K$0Assets 2019: $24,276Liabilities 2019: $4,000Net Assets 2019: $20,2762019Assets 2020: $28,318Net Assets 2020: $28,3182020Assets 2021: $38,851Net Assets 2021: $38,8512021Assets 2022: $68,226Liabilities 2022: $15,314Net Assets 2022: $52,9122022Assets 2024: $89,357Liabilities 2024: $16,725Net Assets 2024: $72,6322024

Highlighted filing

2024

Assets$89,357
Liabilities$16,725
Net Assets$72,632
Open 2024 Filing

Operations Trend

Revenue Growth38th percentile

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

$150K$100K$50K$0-$50KRevenue 2019: $110,640Expenses 2019: $110,168Net Income 2019: $4722019Revenue 2020: $99,819Expenses 2020: $91,777Net Income 2020: $8,0422020Revenue 2021: $110,998Expenses 2021: $100,465Net Income 2021: $10,5332021Revenue 2022: $110,495Expenses 2022: $96,434Net Income 2022: $14,0612022Revenue 2024: $98,366Expenses 2024: $103,412Net Income 2024: -$5,0462024

Highlighted filing

2024

Revenue$98,366
Expenses$103,412
Net Income-$5,046
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$89,357
Liabilities
$16,725
Net assets
$72,632
Revenue
$98,366
Expenses
$103,412
Net income
-$5,046
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.89$0.17$0.73$0.98$1.03$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.68$0.15$0.53$1.10$0.96$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.39$0.39$1.11$1.00$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.28$1.00$0.92$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.04$0.20$1.11$1.10$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 10, 2025
Return Version
2024v5.0
Gross Receipts
$98,366
Mission and Program Overview

Mission

Promote local investment capital formation to grow the economic base in northern michigan.

Program Services

DescriptionGrantsExpenses
PROMOTE LOCAL INVESTMENT CAPITAL FORMATION TO GROW THE ECONOMIC BASE IN NORTHERN MICHIGAN.-$103,412
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JODY LUNDQUISTExecutive DiPT$53,700-$53,700
GARY MCRAYSecretary-$0--
STEVE LANGDirector-$0--
ELIZABETH VERSCHUREChair-$0--
JEFF HAMILTONDirector-$0--
DOUG MORGENSTERNTreasurer-$0--
SCOTT DENNISDirector-$0--
CLLIFTON PORTERDirector-$0--
KENNETH FISHMANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Northern Michigan Angels
EIN
82-5397756
Phone
2319321280
Address
PO BOX 1622, TRAVERSE CITY, MI 49684

Signing Officer

Name
Jody Lundquist
Title
Executive Director
Phone
2319321280
Signed
2025-10-10
Discuss with paid preparer
Yes

Preparer

Firm
Rfm Group
Address
805 N BROWN STREET, MOUNT PLEASANT, MI 48858-1931
Preparer
Zachary Simon CPA
Phone
9897721209
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

“Sponsorships 14,917 total 14,917”

Form 990-ez, Part I, Line 16

“Expenses advertising 2,500 office supplies 182 software 2,788 travel & lodging 1,849 member expenses 8,189 conference 1,195 board meeting expenses 48 insurance 554 dues & memberships 525 bank fees 307 total 18,137”

Form 990-ez, Part II, Line 24

“Accounts receivable 0 2,250 due from spe's 0 6,833 total 0 9,083”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 0 3,266 deferred revenue 17,315 13,459”

Form 990-ez, Part III

“Promote local investment capital formation to grow the economic base in northern michigan.”

Raw XML Appendix129 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/BooksInCareOfDetail/PhoneNum02319321280
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0TRAVERSE CITY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd049684
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt094993
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt080274
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-5046
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt085275
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt094993
IRS990EZ/Form990TotalAssetsGrp/EOYAmt089357
IRS990EZ/GrossReceiptsAmt098366
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt02260
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt081189
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt077678
IRS990EZ/NetAssetsOrFundBalancesEOYAmt072632
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt072632
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt353700
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GARY MCRAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1STEVE LANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ELIZABETH VERSCHURE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JODY LUNDQUIST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JEFF HAMILTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5DOUG MORGENSTERN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6SCOTT DENNIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7CLLIFTON PORTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8KENNETH FISHMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt09083
IRS990EZ/OtherExpensesTotalAmt018137
IRS990EZ/OtherRevenueTotalAmt014917
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROMOTE LOCAL INVESTMENT CAPITAL FORMATION TO GROW THE ECONOMIC BASE IN NORTHERN MICHIGAN.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROMOTE LOCAL INVESTMENT CAPITAL FORMATION TO GROW THE ECONOMIC BASE IN NORTHERN MICHIGAN.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0103412
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt017315
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt016725
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0103412
IRS990EZ/TotalProgramServiceExpensesAmt0103412
IRS990EZ/TotalRevenueAmt098366
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0NORTHERNMICHIGANANGELS.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPONSORSHIPS 14,917 TOTAL 14,917
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 2,500 OFFICE SUPPLIES 182 SOFTWARE 2,788 TRAVEL & LODGING 1,849 MEMBER EXPENSES 8,189 CONFERENCE 1,195 BOARD MEETING EXPENSES 48 INSURANCE 554 DUES & MEMBERSHIPS 525 BANK FEES 307 TOTAL 18,137
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 0 2,250 DUE FROM SPE'S 0 6,833 TOTAL 0 9,083
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 3,266 DEFERRED REVENUE 17,315 13,459
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROMOTE LOCAL INVESTMENT CAPITAL FORMATION TO GROW THE ECONOMIC BASE IN NORTHERN MICHIGAN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JODY LUNDQUIST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02319321280
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTHERN MICHIGAN ANGELS
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0825397756
ReturnHeader/Filer/PhoneNum02319321280
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1622
ReturnHeader/Filer/USAddress/CityNm0TRAVERSE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049684
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382232047
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RFM GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0805 N BROWN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MOUNT PLEASANT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0488581931
ReturnHeader/PreparerPersonGrp/PhoneNum09897721209
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ZACHARY SIMON CPA
ReturnHeader/ReturnTs02025-10-14T16:33:24-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)6 • <$500k nonprofits