LIMA AREA CHAMBER FOUNDATION (EIN 341536300) - 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

1986

Legal Domicile

Principal Officer

JED METZGER

Phone

4192226045

Tax Period

2024-01-01 to 2024-12-31

LIMA AREA CHAMBER FOUNDATION, founded in 1986, is a small nonprofit that reported $716K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $116K, a strong 16% operating margin.

Mission

THE LIMA AREA CHAMBER FOUNDATION IS ORGANIZED FOR THE PURPOSE OF ESTABLISHING AND OPERATING NON-PROFIT EDUCATION PROGRAMS IN THE LIMA AND ALLEN COUNTY COMMUNITY.

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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 $597,800

Program Service Revenue $64,653

Investment Income $14,746

Other Revenue $38,452

TOTAL REVENUE $715,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,990

Fundraising Expenses $0

Program Expenses $586,651

Other Expenses $530,236

TOTAL EXPENSES $599,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$715,651	$504,123	+0.4%
Expenses	$599,226	$452,404	+0.3%
Net Income	$116,425	$51,719	+1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA BIENERT	PAST TREASUR	20.00	Officer Director	$0	$0	$0
T BLAIN BROCK	MEMBER	1.00	Director	$0	$0	$0
ANGELA FINNERTY	SECRETARY/TR	20.00	Officer Director	$0	$0	$0
KEITH HORNER	MEMBER	1.00	Director	$0	$0	$0
JED METZGER	EXECUTIVE DI	20.00	Officer Director	$0	$0	$0
TIM STANFORD	MEMBER	1.00	Director	$0	$0	$0
TIM TURNWALD	MEMBER	1.00	Director	$0	$0	$0
MARGARET YOUNG	MEMBER	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	$715,651	$599,226	$7,630,973	$116,425
2023	$504,123	$452,404	$7,503,808	$51,719
2022	$789,133	$410,597	$2,696,383	$378,536
2021	$618,631	$452,881	$2,297,189	$165,750
2020	$345,021	$326,647	$2,338,374	$18,374
2019	$352,170	$340,834	$2,324,620	$11,336
2018	$216,819	$279,643	$2,454,911	$-62,824

LIMA AREA CHAMBER FOUNDATION