Greater Grand Rapids Chamber Found… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

Rick Baker

Phone

6167710300

Tax Period

2025-01-01 to 2025-12-31

Greater Grand Rapids Chamber Foundation, founded in 1972, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2025. Revenue surged 132% from the prior year, signaling strong growth momentum.

Mission

To provide programming and funding that encourages free enterprise, enhances the quality of life in the greater Grand Rapids area, or otherwise serves a charitable, scientific, literary, or educational purpose.

Program Service Accomplishments

Program 1

Expenses: $35,697 Revenue: $0

Community Collaboration Initiative - This year, funding was used to support work around public safty and local community issues.

Program 2

Expenses: $1,080,203 Revenue: $0

Minority Business Development and Leadership- The Foundation built out a Center for Economic Inclusion with diverse business certifications and renewals. Center for Economic Inclusion programming...

Minority Business Development and Leadership- The Foundation built out a Center for Economic Inclusion with diverse business certifications and renewals. Center for Economic Inclusion programming works to foster economic inclusion and help small businesses thrive with an intentional focus on diversely-owned businesses. The Foundation also distributed funds for 17 scholarships to cultivate community and organizational leaders.

Program 3

Expenses: $404,347 Revenue: $0

Housing Next - The Foundation works to remove obstacles to increase the affordable housing supply across Kent and Ottawa Counties through a focus on research, data-based solutions, tools for growth...

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,694,539

Program Service Revenue $14,641

Investment Income $0

Other Revenue $-131,325

TOTAL REVENUE $1,577,855

Expense Breakdown

Grants Paid $46,819

Salaries & Benefits $209,932

Fundraising Expenses $23,150

Program Expenses $1,520,247

Other Expenses $1,342,163

TOTAL EXPENSES $1,598,914

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,577,855	$679,438	+1.3%
Expenses	$1,598,914	$942,307	+0.7%
Net Income	$-21,059	$-262,869	-0.9%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$350,289

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rick Baker	CEO	2.00	Officer	$0	$0	$350,289
Nelson Sachez	Chair	1.00	Director	$0	$0	$0
Alisha Cieslak	Director	1.00	Director	$0	$0	$0
Brad Thomas	Director	1.00	Director	$0	$0	$0
Dan Meyering	Director	1.00	Director	$0	$0	$0
David Leonard	Director	1.00	Director	$0	$0	$0
Hannah Naltner	Director	1.00	Director	$0	$0	$0
James Byl	Director	1.00	Director	$0	$0	$0
Jennifer Crowley	Director	1.00	Director	$0	$0	$0
Jonathan Wilson	Director	1.00	Director	$0	$0	$0
Michael Davenport	Director	1.00	Director	$0	$0	$0
Mike Verhulst	Director	1.00	Director	$0	$0	$0
Robert Hughes	Director	1.00	Director	$0	$0	$0
Teresa Weatherall Neal	Director	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
2025	$1,577,855	$1,598,914	$2,053,748	$-21,059
2024	No data	No data	No data	No data
2023	$810,097	$516,750	$3,558,754	$293,347
2022	$2,626,007	$2,089,561	$4,503,098	$536,446
2021	$926,615	$1,052,949	$5,001,649	$-126,334
2020	$1,650,942	$1,758,259	$4,969,936	$-107,317
2019	$237,990	$219,561	$6,788,731	$18,429
2018	$200,523	$97,323	$333,720	$103,200

Greater Grand Rapids Chamber Foundation