PUT-IN-BAY CHAMBER OF COMMERCE (EIN 341440981) - 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

2005

Legal Domicile

Principal Officer

BRIAN CULTICE

Phone

4192852832

Tax Period

2024-01-01 to 2024-12-31

PUT-IN-BAY CHAMBER OF COMMERCE, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $300K in total revenue in fiscal year 2024. Expenses of $342K exceeded revenue, resulting in a 14% operating deficit.

Mission

POSITIVELY PROMOTE PUT-IN-BAY TOWNSHIP AS A TOURIST DESTINATION FOR THE BENEFIT OF ITS MEMBERSHIP AND TO SUPPORT COMMUNITY AND CIVIC ACTIVITIES FOR PUT-IN-BAY TOWNSHIP RESIDENTS AND VISITORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,298

Program Service Revenue $269,463

Investment Income $34

Other Revenue $20,029

TOTAL REVENUE $299,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,864

Fundraising Expenses $0

Other Expenses $249,772

TOTAL EXPENSES $341,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,824	$292,653	+0.0%
Expenses	$341,636	$314,194	+0.1%
Net Income	$-41,812	$-21,541	+0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA KRUEGER BOVA	BOARD MEMBER	5.00	Director	$0	$0	$0
WENDY CHAMBERS	EXECUTIVE DI	5.00	Officer Director	$0	$0	$0
BRIAN CULTICE	PRESIDENT	5.00	Officer Director	$0	$0	$0
RENEE FULTZ	BOARD MEMBER	5.00	Director	$0	$0	$0
PAUL JERIS	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
MIRANDA KRUEGER	BOARD MEMBER	5.00	Director	$0	$0	$0
KIMBERLY MORRISSON	TREASURER	5.00	Officer Director	$0	$0	$0
DAVE SHAFFER	BOARD MEMBER	5.00	Director	$0	$0	$0
MARC WRIGHT	BOARD MEMBER	5.00	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	$299,824	$341,636	$262,887	$-41,812
2023	$292,653	$314,194	$305,116	$-21,541
2022	$313,258	$303,822	$322,545	$9,436
2021	$392,262	$202,048	$310,481	$190,214
2020	$156,993	$287,957	$120,267	$-130,964
2019	$400,588	$319,417	$251,231	$81,171
2018	$298,610	$291,423	$170,060	$7,187

PUT-IN-BAY CHAMBER OF COMMERCE