Solon Chamber of Commerce

EIN: 341211128

Solon, OH

Total Revenue
$230,394
Total Expenses
$200,580
Total Assets
$126,242
Net Assets
$91,946
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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
1927
Legal Domicile
OH
Principal Officer
Marilyn McMillin
Phone
4402485080
Tax Period
2024-01-01 to 2024-12-31

Solon Chamber of Commerce, founded in 1927, is a small nonprofit that reported $230K in total revenue in fiscal year 2024. Expenses of $201K left a modest 13% surplus.

Mission

Advocate for the Solon business community in and around Solon, OH

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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 $0
Program Service Revenue $197,588
Investment Income $2,494
Other Revenue $30,312
TOTAL REVENUE $230,394

Expense Breakdown

Grants Paid $0
Salaries & Benefits $138,900
Fundraising Expenses $0
Other Expenses $61,680
TOTAL EXPENSES $200,580

Year-over-Year Comparison

2024 2023 Change
Revenue $230,394 $231,577 0.0%
Expenses $200,580 $191,525 +0.0%
Net Income $29,814 $40,052 -0.3%
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

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Governance

Voting Members
17
Independent Members
17
Employees
2
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
8
$82,100
Total Directors
21
$0
Key Employees
1
$82,100
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marilyn McMillin President/CEO 040.00
Officer Key Emp Highest
$82,100 $0 $82,100
Dolly Slaughter Director 001.00
Officer Director
$0 $0 $0
Daniel Goldfarb Director 001.00
Officer Director
$0 $0 $0
Michele Burke Director 001.00
Officer Director
$0 $0 $0
David Elbert Director 001.00
Director
$0 $0 $0
Stephen Fein Director 001.00
Director
$0 $0 $0
Dennis Linden Director 001.00
Director
$0 $0 $0
Angee Shaker Director 001.00
Director
$0 $0 $0
Jackie Robertson Director 001.00
Director
$0 $0 $0
David Peleg Director 001.00
Director
$0 $0 $0
Saevar Thordarson Director 001.00
Director
$0 $0 $0
George Pilat Director 001.00
Officer Director
$0 $0 $0
Shari Warman Director 001.00
Officer Director
$0 $0 $0
Chris Coon Director 001.00
Officer Director
$0 $0 $0
Kevin Adelstein Director 001.00
Director
$0 $0 $0
Tom Jackson Director 001.00
Director
$0 $0 $0
Virginia Schmidt Director 001.00
Director
$0 $0 $0
Tricia Sanborn Director 001.00
Officer Director
$0 $0 $0
William Russo Director 001.00
Director
$0 $0 $0
Cory Nutter Director 001.00
Director
$0 $0 $0
Johanna Tanno Director 001.00
Director
$0 $0 $0
Matt Toner Director 001.00
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 $230,394 $200,580 $126,242 $29,814
2023 $231,577 $191,525 $94,851 $40,052
2022 $156,439 $237,372 $55,400 $-80,933
2021 $171,001 $225,087 $125,712 $-54,086
2020 $163,533 $186,213 $84,635 $-22,680
2019 $215,337 $250,833 $95,703 $-35,496
2018 $251,066 $257,951 $119,723 $-6,885
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