MISHICOT AREA GROWTH AND IMPROVEMENT COMMITTEE INC
Mission Statement
The Mission of the Mishicot Area Growth & Improvement Committee Inc., otherwise known as MAGIC, is to support and encourage development and implementation of tourism in the Greater Mishicot Area and at the same time advance the Mishicot Area cultural heritage, improve community pride, promote community activities and diversify the economic base of the greater Mishicot area. The committee was incorporated on July 2nd, 1985 and was started by business owners, village officials, school district personnel, and residents of the Village of Mishicot at the request of Par 5 Resort (formerly Fox Hills Resort). The primary goal of the committee was to create a funding entity to promote tourism and activity throughout the village.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
91.4% | 81.7% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.6% | 10.6% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
157.6 mo | 23.9 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.3% | 0.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
77.0% | 98.4% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-39.8% | -1.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-12.2% | -1.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
58.2% | 11.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $226K | $95K | $1.2M | 91.4% | 1 |
| 2023 | $375K | $108K | $1.1M | 92.5% | 1 |
| 2022 | $744K | $75K | $843K | 91.8% | 1 |
| 2021 | $215K | $120K | N/A | — | 1 |
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