MARION AREA CHAMBER OF COMMERCE INC

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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

1915

Legal Domicile

Principal Officer

HEIDI L JONES

Phone

7403822181

Tax Period

2024-01-01 to 2024-12-31

MARION AREA CHAMBER OF COMMERCE INC, founded in 1915, is a small nonprofit that reported $425K in total revenue in fiscal year 2024.

Mission

THE CHAMBER IS AN ASSOCIATION OF BUSINESSES PROVIDING LEADERSHIP FOR IMPROVEMENT OF THE ECONOMIC PROSPERITY AND QUALITY OF LIFE IN THE MARION AREA.

Program Service Accomplishments

Program 1

Expenses: $23,706 Revenue: $53,940

PROMOTES NETWORKING OPPORTUNITIES, EXCHANGE OF IDEAS, AND THE OPPORTUNITY FOR MEMBERS TO GET TOGETHER TO DISCUSS IMPORTANT ISSUES AND CONCERNS. SPONSORS VARIOUS CLUBS AND COUNCILS PROMOTED BY THE...

PROMOTES NETWORKING OPPORTUNITIES, EXCHANGE OF IDEAS, AND THE OPPORTUNITY FOR MEMBERS TO GET TOGETHER TO DISCUSS IMPORTANT ISSUES AND CONCERNS. SPONSORS VARIOUS CLUBS AND COUNCILS PROMOTED BY THE CHAMBER.

Program 2

Expenses: $4,764 Revenue: $17,514

RAISES AWARENESS IN THE COMMUNITY BY PROVIDING THE OPPORTUNITY FOR MEMBERS TO TAKE PART IN VARIOUS ACTIVITIES THAT ARE PROMOTED BY THE CHAMBER. THESE ACTIVITIES PROVIDE A FORUM FOR MEMBERS TO GET...

RAISES AWARENESS IN THE COMMUNITY BY PROVIDING THE OPPORTUNITY FOR MEMBERS TO TAKE PART IN VARIOUS ACTIVITIES THAT ARE PROMOTED BY THE CHAMBER. THESE ACTIVITIES PROVIDE A FORUM FOR MEMBERS TO GET TOGETHER, EXCHANGE IDEAS, AND DISCUSS IMPORTANT ISSUES AND CONCERNS.

Program 3

Expenses: $14,484 Revenue: $31,018

PRODUCE AND DISTRIBUTE MEMBERSHIP DIRECTORY OF ALL MEMBERS TO ALL CHAMBER MEMBERS CONSISTING OF 631 BUSINESSES AND INDIVIDUALS. THE DIRECTORY PROMOTES COMMUNICATION BETWEEN CHAMBER MEMBERS AND...

PRODUCE AND DISTRIBUTE MEMBERSHIP DIRECTORY OF ALL MEMBERS TO ALL CHAMBER MEMBERS CONSISTING OF 631 BUSINESSES AND INDIVIDUALS. THE DIRECTORY PROMOTES COMMUNICATION BETWEEN CHAMBER MEMBERS AND INFORMATION ABOUT LEADERS OF THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $193,259

Program Service Revenue $44,351

Investment Income $4,598

Other Revenue $182,962

TOTAL REVENUE $425,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,472

Fundraising Expenses $0

Program Expenses $42,954

Other Expenses $184,633

TOTAL EXPENSES $429,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$425,170	$414,344	+0.0%
Expenses	$429,105	$401,401	+0.1%
Net Income	$-3,935	$12,943	-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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BECKY WORLY	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
GRANT GATES	1ST VICE CHA	N/A	Officer Director	$0	$0	$0
JIM VANCE	SECOND VICE	N/A	Officer Director	$0	$0	$0
SCOTT KNOWLES	TREASURER	N/A	Officer Director	$0	$0	$0
SHARON BALDINGER	IMMEDIATE PA	N/A	Officer Director	$0	$0	$0
JACQUE PSYHOGIOS	EX-OFFICIO	N/A	Officer Director	$0	$0	$0
REJEANA WOOLUM-NAPIER	DIRECTOR	N/A	Officer Director	$0	$0	$0
DON MOUNT	EX-OFFICO	N/A	Officer Director	$0	$0	$0
CASS SISLER	DIRECTOR	N/A	Director	$0	$0	$0
RYAN RISNER	DIRECTOR	N/A	Director	$0	$0	$0
LESLIE ARMSTRONG	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS BRAZELL	DIRECTOR	N/A	Director	$0	$0	$0
JEREMY BYERS	DIRECTOR	N/A	Director	$0	$0	$0
BEN ALBRIGHT	DIRECTOR	N/A	Director	$0	$0	$0
TIM CHAMBERS	DIRECTOR	N/A	Director	$0	$0	$0
EVAN GEYER	DIRECTOR	N/A	Director	$0	$0	$0
JIM PAROBECK	DIRECTOR	N/A	Director	$0	$0	$0
LAURA WOUGHTER	DIRECTOR	N/A	Director	$0	$0	$0
MISTY HAYDEN	DIRECTOR	N/A	Director	$0	$0	$0
NICOLE WORKMAN	DIRECTOR	N/A	Director	$0	$0	$0
HEIDI L JONES	PRESIDENT	N/A	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
2025	No data	No data	No data	No data
2024	$425,170	$429,105	$284,049	$-3,935
2023	$414,344	$401,401	$287,887	$12,943
2022	$402,193	$370,357	$274,526	$31,836
2021	$476,898	$378,508	$242,771	$98,390
2020	$349,176	$347,441	$144,261	$1,735
2019	$409,102	$408,086	$142,388	$1,016
2018	$432,030	$443,983	$141,789	$-11,953