Downtown Traverse City Association

Nonprofit profile at a glance

EIN
382552485
IRS 990 coverage
2024–2025
Forms available
Form 990 2025
Location
Traverse City, MI, USA
Phone
2319222050
Rating confidence
Limited
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$138,650
Expenses
$130,253
Assets
$688,998
Liabilities
$601,395

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • KAREN ROOFE (PRESIDENT)
  • HUNTER EAGLE (VICE-PRESIDENT)
  • HARRY BURKHOLDER (CEO)

Highest reported compensation

  • HARRY BURKHOLDER (CEO): $145,299 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To advance, protect and perpetuate the commercial, professional, financial and general business interest of downtown traverse city.

What it reported doing in 2025

Downtown gift certificate program to promote downtown shops, restaurants, theaters and businesses. From july 1 to december 31, 2025, the dtca collected $383,575 in gift certificate sales, representing funds that will support downtown merchants.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 92
  • Accountability: 69
  • Sustainability: 51
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 6.1%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 5.29; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.87; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 4.5%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -59.4% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 14.6% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 6 of 6 board members independent · 2 of 8 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $145K · 7 people listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.