Vermilion Chamber of Commerce

EIN: 340975639

Vermilion, OH

Total Revenue
$215,302
Total Expenses
$215,302
Total Assets
$31,494
Net Assets
N/A
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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
1966
Legal Domicile
OH
Principal Officer
Sandra Coe
Phone
4403963758
Tax Period
2024-11-01 to 2025-10-31

Vermilion Chamber of Commerce, founded in 1966, is a small nonprofit that reported $215K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

Enlist Vermilion business organizations to promote events that facilitate local fundraising and to expose local merchants and members to a broader array of potential customers. To encourage communication among residents businesses etc. Festival of the Fish Woollybear Festival

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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 $213,982
Program Service Revenue $0
Investment Income $1,320
Other Revenue $0
TOTAL REVENUE $215,302

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,245
Fundraising Expenses $0
Program Expenses $90,676
Other Expenses $137,057
TOTAL EXPENSES $215,302

Year-over-Year Comparison

2024 2023 Change
Revenue $215,302 $149,864 +0.4%
Expenses $215,302 $132,581 +0.6%
Net Income $0 $17,283 -1.0%
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
217
Independent Members
5
Employees
2
Volunteers
65

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
0
$0
Total Directors
0
$0
Key Employees
1
$30,677
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Heather McCord Executive Assistant 32.00
Key Emp
$30,677 $0 $30,677
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 $215,302 $215,302 $31,494 No data
2024 $149,864 $132,581 $31,880 $17,283
2022 $125,071 $83,458 $62,627 $41,613
2021 $62,490 $145,246 $75,032 $-82,756
2019 $185,377 $173,634 $56,545 $11,743
2018 $197,931 $197,190 $61,320 $741
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