GREATER AKRON CHAMBER FOUNDATION (EIN 341202413) - Form 990 Financial Analysis & Trantor Score

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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

1976

Legal Domicile

Principal Officer

STEVE MILLARD

Phone

3303765550

Tax Period

2023-01-01 to 2023-12-31

GREATER AKRON CHAMBER FOUNDATION, founded in 1976, is a small nonprofit that reported $700K in total revenue in fiscal year 2023. Revenue surged 176% from the prior year, signaling strong growth momentum. The organization ran a surplus of $402K, a strong 57% operating margin.

Mission

CARRY OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE GREATER AKRON CHAMBER OF COMMERCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $688,552

Program Service Revenue $0

Investment Income $11,711

Other Revenue $0

TOTAL REVENUE $700,263

Expense Breakdown

Grants Paid $291,526

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $291,526

Other Expenses $6,583

TOTAL EXPENSES $298,109

Year-over-Year Comparison

	2023	2022	Change
Revenue	$700,263	$253,916	+1.8%
Expenses	$298,109	$321,862	-0.1%
Net Income	$402,154	$-67,946	-6.9%

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

N/A

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

$402,948

Total Directors

$402,948

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE MILLARD	PRESIDENT	1.00	Officer Director	$0	$43,787	$402,948
TIA RAMLOW	TRUSTEE	1.00	Director	$0	$0	$0
MARC MERKLIN	TRUSTEE	1.00	Director	$0	$0	$0
DONZELL TAYLOR	TRUSTEE	1.00	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	$700,263	$298,109	$1,482,293	$402,154
2022	$253,916	$321,862	$1,142,700	$-67,946
2021	$389,160	$371,006	$1,254,218	$18,154
2020	$614,846	$554,654	$1,442,040	$60,192
2019	$547,392	$292,018	$1,111,266	$255,374
2018	$494,695	$210,140	$755,726	$284,555

GREATER AKRON CHAMBER FOUNDATION