WILLOUGHBY WESTERN LAKE COUNTY CHAMBER OF COMMERCE

EIN: 340754226

WILLOUGHBY, OH

Total Revenue
$292,833
Total Expenses
$338,637
Total Assets
$613,322
Net Assets
$511,293
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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
1903
Legal Domicile
OH
Principal Officer
DANA WOLFE
Phone
4409421632
Tax Period
2023-01-01 to 2023-12-31

WILLOUGHBY WESTERN LAKE COUNTY CHAMBER OF COMMERCE, founded in 1903, is a small nonprofit that reported $293K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $339K exceeded revenue, resulting in a 16% operating deficit.

Mission

PROMOTE BUSINESS AND ECONOMIC DEVELOPMENT

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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 $174,666
Program Service Revenue $125
Investment Income $17,857
Other Revenue $100,185
TOTAL REVENUE $292,833

Expense Breakdown

Grants Paid $0
Salaries & Benefits $243,386
Fundraising Expenses $0
Other Expenses $95,251
TOTAL EXPENSES $338,637

Year-over-Year Comparison

2023 2022 Change
Revenue $292,833 $267,589 +0.1%
Expenses $338,637 $267,404 +0.3%
Net Income $-45,804 $185 -248.6%
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
16
Independent Members
16
Employees
4
Volunteers
N/A

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
5
$98,639
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANA WOLFE PRESIDENT/CE 40.00
Officer
$96,077 $2,562 $98,639
KATY BADEN TRUSTEE N/A
Director
$0 $0 $0
CHRISTI BITTNER TRUSTEE N/A
Director
$0 $0 $0
RHONDA BUTLER TRUSTEE N/A
Director
$0 $0 $0
JANICE CACKOWSKI TRUSTEE N/A
Director
$0 $0 $0
DEBBY CASPER TRUSTEE N/A
Director
$0 $0 $0
ELIZABETH CROSBY SECRETARY N/A
Officer Director
$0 $0 $0
TIM DEIGHAN CHAIR N/A
Officer Director
$0 $0 $0
HEATHER FRESENKO TRUSTEE N/A
Director
$0 $0 $0
JIM JONES TRUSTEE N/A
Director
$0 $0 $0
TERRY KILBOURNE VICE-CHAIR N/A
Officer Director
$0 $0 $0
KRISTI KOMARA TRUSTEE N/A
Director
$0 $0 $0
ERIC LINDERMAN TRUSTEE N/A
Director
$0 $0 $0
KRISTEN MIGNOGNA TREASURER N/A
Officer Director
$0 $0 $0
PATRICK MOHORCIC TRUSTEE N/A
Director
$0 $0 $0
TRACI PAPONETTI TRUSTEE N/A
Director
$0 $0 $0
ALEX ZINNI TRUSTEE 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 No data No data No data No data
2023 $292,833 $338,637 $613,322 $-45,804
2022 $267,589 $267,404 $671,630 $185
2021 $258,411 $210,085 $672,097 $48,326
2020 $216,064 $229,130 $720,324 $-13,066
2019 $255,766 $210,329 $603,655 $45,437
2018 $245,749 $211,749 $519,970 $34,000
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