MINERVA AREA CHAMBER OF COMMERCE (EIN 341360499) - 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

2011

Principal Officer

DENISE FREELAND

Phone

3308687979

Tax Period

2023-01-01 to 2023-12-31

MINERVA AREA CHAMBER OF COMMERCE, founded in 2011, is a small nonprofit that reported $104K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $115K exceeded revenue, resulting in a 11% operating deficit.

Mission

BUSINESS DEVELOPMENT AND MEMBER SERVICES

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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 $45,500

Program Service Revenue $25,839

Investment Income $655

Other Revenue $31,970

TOTAL REVENUE $103,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,470

Fundraising Expenses $0

Program Expenses $115,200

Other Expenses $52,730

TOTAL EXPENSES $115,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,964	$189,576	-0.5%
Expenses	$115,200	$83,615	+0.4%
Net Income	$-11,236	$105,961	-1.1%

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

N/A

Employees

Volunteers

300

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE CATLETT	BOARD MEMBER	N/A	Director	$0	$0	$0
SUSAN CLARK-CHADDOCK	BOARD MEMBER	N/A	Director	$0	$0	$0
TOM DILLIE	BOARD MEMBER	N/A	Director	$0	$0	$0
DENISE DOWNARD	BOARD MEMBER	N/A	Director	$0	$0	$0
BOB HARRIS	BOARD MEMBER	N/A	Director	$0	$0	$0
MATT KISHMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVE KRAJCIK	BOARD MEMBER	N/A	Director	$0	$0	$0
THERESA LINDER	BOARD MEMBER	N/A	Director	$0	$0	$0
DEBORAH PALMER	BOARD MEMBER	N/A	Director	$0	$0	$0
BILL PATTERSON	BOARD MEMBER	N/A	Director	$0	$0	$0
BRETT SARBACH	BOARD MEMBER	N/A	Director	$0	$0	$0
PAUL WHITE	BOARD MEMBER	N/A	Director	$0	$0	$0
GARY CHADDOCK	VICE PRESIDE	N/A	Officer	$0	$0	$0
DENISE FREELAND	EXEC DIR/SEC	N/A	Officer	$0	$0	$0
VICKIE GRINDSTAFF	TREASURER	N/A	Officer	$0	$0	$0
TIM TARBET	PRESIDENT	N/A	Officer	$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	$103,964	$115,200	$249,906	$-11,236
2022	$189,576	$83,615	$261,063	$105,961

MINERVA AREA CHAMBER OF COMMERCE