TOLEDO AREA CHAMBER FOUNDATION (EIN 341342220) - 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

1980

Legal Domicile

Principal Officer

WENDY R GRAMZA

Phone

4192438191

Tax Period

2023-01-01 to 2023-12-31

TOLEDO AREA CHAMBER FOUNDATION, founded in 1980, is a micro nonprofit in the Community Improvement sector that reported $77K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $87K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO ACCELERATE ECONOMIC DEVELOPMENT WITHIN THE TOLEDO REGION

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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 $75,000

Program Service Revenue $0

Investment Income $1,695

Other Revenue $0

TOTAL REVENUE $76,695

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $86,907

Other Expenses $66,947

TOTAL EXPENSES $86,947

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,695	$70,023	+0.1%
Expenses	$86,947	$85,690	+0.0%
Net Income	$-10,252	$-15,667	-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

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

$243,763

Total Directors

$243,763

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY GRAMZA	TREASURER/SECRETARY	1.00	Officer Director	$0	$32,795	$243,763
STEVE SMIGELSKI	TRUSTEE	1.00	Director	$0	$0	$0
MATT YARDER	TRUSTEE	1.00	Director	$0	$0	$0
STEVE BOWE	TRUSTEE	1.00	Director	$0	$0	$0
RANDOLPH BURNS	TRUSTEE	1.00	Director	$0	$0	$0
LYNETTE REICHLE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALEX GERKEN	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	$76,695	$86,947	$237,890	$-10,252
2022	$70,023	$85,690	$248,142	$-15,667
2021	$230,509	$55,040	$263,809	$175,469
2020	$90,592	$117,229	$88,340	$-26,637
2019	$207,222	$233,672	$114,977	$-26,450
2018	$217,817	$215,197	$144,092	$2,620

TOLEDO AREA CHAMBER FOUNDATION