GREATER BRIDGMAN AREA CHAMBER OF COMMERCE AND GROWTH ALLIANCE

EIN: 204154224 501(c)(3) Community Improvement

BRIDGMAN, MI

Total Revenue
$48,776
Total Expenses
$42,578
Total Assets
$47,525
Net Assets
$47,525
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MI
Principal Officer
BOB CLARK
Phone
2694654413
Tax Period
2019-01-01 to 2019-12-31

GREATER BRIDGMAN AREA CHAMBER OF COMMERCE AND GROWTH ALLIANCE, founded in 2013, is a micro nonprofit in the Community Improvement sector that reported $49K in total revenue in fiscal year 2019. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $43K left a modest 13% surplus.

Mission

THE CORPORATION, THE GREATER BRIDGMAN AREA CHAMBER OF COMMERCE AND GROWTH ALLIANCE IS ORGANIZED FOR THE SPECIFIC PURPOSE OF UNDERTAKING PROGRAMS AND ACTIVITIES THAT CONTRIBUTE TO THE ADVANCEMENT OF THE GREATER BRIDGMAN COMMUNITY AS A PLACE TO VISIT, LIVE, WORK AND PLAY; TO PROMOTE ECONOMIC DEVELOPMENT OPPOTUNITIES FOR NEW BUSINESS LOCATION AND EXISTING BUSINESS EXPANSION AND TO ENGAGE IN ANY ACTIVITIES RELATED OR INCIDENTAL THERETO WHICH MAY BE PERMITTED PURSUANT TO MICHIGAN PUBLIC ACT 162 OF 1982, AS AMENDED, AND TO SEEK AND MAINTAIN RECOGNITION AS A "TAX-EXEMPT" CHARITABLE ORGANIZATION PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $39,000
Program Service Revenue $880
Investment Income $0
Other Revenue $8,896
TOTAL REVENUE $48,776

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $35,252
Other Expenses $42,578
TOTAL EXPENSES $42,578

Year-over-Year Comparison

2019 2018 Change
Revenue $48,776 $68,363 -0.3%
Expenses $42,578 $91,127 -0.5%
Net Income $6,198 $-22,764 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRETT BOYD PRESIDENT 2.00
Officer Director
$0 $0 $0
BETH MCNEIL VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
SHANE PETERS SECRETARY 2.00
Officer Director
$0 $0 $0
BOB CLARK TREASURER 2.00
Officer Director
$0 $0 $0
SUZY BARNES BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGIA GIPSON BOARD MEMBER 1.00
Director
$0 $0 $0
CHERI HEWARD BOARD MEMBER 1.00
Director
$0 $0 $0
PAY HEYN BOARD MEMBER 1.00
Director
$0 $0 $0
MARTY MASON BOARD MEMBER 1.00
Director
$0 $0 $0
KATHY RAMSO BOARD MEMBER 1.00
Director
$0 $0 $0
JIM STINE BOARD MEMBER 1.00
Director
$0 $0 $0
DOUG WALL BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $48,776 $42,578 $47,525 $6,198
2018 $68,363 $91,127 $41,327 $-22,764
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