Greater Lowell Chamber Foundation

EIN: 300149311 501(c)(3) Community Improvement

Lowell, MI

Total Revenue
$210,274
Total Expenses
$206,873
Total Assets
$344,678
Net Assets
$344,645
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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
2002
Legal Domicile
MI
Principal Officer
Shannon Kennedy
Phone
6168979161
Tax Period
2024-01-01 to 2024-12-31

Greater Lowell Chamber Foundation, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $210K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

To promote commerce and community harmony.

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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 (2024)

Revenue Breakdown

Contributions & Grants $208,482
Program Service Revenue $0
Investment Income $1,792
Other Revenue $0
TOTAL REVENUE $210,274

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $206,352
Other Expenses $206,873
TOTAL EXPENSES $206,873

Year-over-Year Comparison

2024 2023 Change
Revenue $210,274 $170,061 +0.2%
Expenses $206,873 $151,845 +0.4%
Net Income $3,401 $18,216 -0.8%
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
7
Independent Members
7
Employees
N/A
Volunteers
50

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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dave Emmette President N/A
Officer Director
$0 $0 $0
Chris Godbold Vice President N/A
Officer Director
$0 $0 $0
Paul Mundt Treasurer N/A
Officer Director
$0 $0 $0
Janet Teunis Director N/A
Director
$0 $0 $0
Shannon Kennedy Secretary N/A
Officer Director
$0 $0 $0
Dan Brubaker Director N/A
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
2024 $210,274 $206,873 $344,678 $3,401
2022 $213,737 $315,565 $225,199 $-101,828
2021 $321,902 $168,126 $352,754 $153,776
2018 $249,735 $215,719 $208,518 $34,016
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