MARION CHAMBER OF COMMERCE

EIN: 270607115 Community Improvement

MARION, IA

Total Revenue
$601,045
Total Expenses
$580,407
Total Assets
$603,252
Net Assets
$585,419
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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
2009
Legal Domicile
IA
Tax Period
2023-09-01 to 2024-08-31

MARION CHAMBER OF COMMERCE, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $601K in total revenue in fiscal year 2023. Expenses of $580K left a modest 3% surplus.

Mission

PROMOTE COMMUNITY, COMMERCE AND CULTURE

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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 (2023)

Revenue Breakdown

Contributions & Grants $268,715
Program Service Revenue $332,047
Investment Income $133
Other Revenue $150
TOTAL REVENUE $601,045

Expense Breakdown

Grants Paid $0
Salaries & Benefits $277,747
Fundraising Expenses $0
Program Expenses $167,061
Other Expenses $302,660
TOTAL EXPENSES $580,407

Year-over-Year Comparison

2023 2022 Change
Revenue $601,045 $622,736 0.0%
Expenses $580,407 $577,393 +0.0%
Net Income $20,638 $45,343 -0.5%
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
17
Independent Members
N/A
Employees
7
Volunteers
75

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JILL ACKERMAN PRESIDENT 45.00
Officer
$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
2024 $601,045 $580,407 $603,252 $20,638
2023 $622,736 $577,393 $555,792 $45,343
2022 $591,814 $507,088 $531,286 $84,726
2021 $414,408 $395,873 $506,918 $18,535
2020 $487,799 $389,550 $445,050 $98,249
2019 $480,329 $462,575 $357,808 $17,754
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