NORTHEAST OHIO AREA CHAMBER OF COM… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

CINDY HOLZHEIMER

Phone

2164479900

Tax Period

2024-01-01 to 2024-12-31

NORTHEAST OHIO AREA CHAMBER OF COMMERCE INC, founded in 1995, is a small nonprofit that reported $559K in total revenue in fiscal year 2024.

Mission

TO HARNESS THE POWER OF THE NOACC CHAMBER PARTNERSHIP TO PROVIDE BENEFITS AND RESOURCES THAT THE INDIVIDUAL BUSINESS OR CHAMBER WOULD BE UNABLE TO OBTAIN ON THEIR OWN.

Program Service Accomplishments

Program 1

TO HARNESS THE POWER OF THE NOACC CHAMBER PARTNERSHIP TO PROVIDE BENEFITS AND RESOURCES THAT INDIVIDUAL BUSINESS AND CHAMBER MEMBERS WOULD BE UNABLE TO OBTAIN ON THEIR OWN.

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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 $10,174

Program Service Revenue $548,823

Investment Income $22

Other Revenue $0

TOTAL REVENUE $559,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,479

Fundraising Expenses $0

Other Expenses $325,650

TOTAL EXPENSES $569,778

Year-over-Year Comparison

	2024	2023	Change
Revenue	$559,019	$573,842	0.0%
Expenses	$569,778	$605,971	-0.1%
Net Income	$-10,759	$-32,129	-0.7%

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

139

Independent Members

138

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

$62,738

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY HOLZHEIMER	PRESIDENT	40.00	Officer	$62,738	$0	$62,738
TIM ANSTED	AT LARGE	N/A	Director	$0	$0	$0
GREG CHURCH	VICE CHAIR	N/A	Director	$0	$0	$0
DAN FRANKS	AT LARGE	N/A	Director	$0	$0	$0
TONY GALLO	TREASURER	N/A	Director	$0	$0	$0
MISSY MCWHORTER	BOARD CHAIR	N/A	Director	$0	$0	$0
CLAUDIA MOTIU	SECRETARY	N/A	Director	$0	$0	$0
MIKE WYNE	AT LARGE	N/A	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
2025	No data	No data	No data	No data
2024	$559,019	$569,778	$94,291	$-10,759
2023	$573,842	$605,971	$101,750	$-32,129
2022	$484,627	$563,904	$135,480	$-79,277
2021	$548,897	$610,691	$213,405	$-61,794
2020	$395,369	$575,328	$274,637	$-179,959
2018	$251,203	$214,131	$310,272	$37,072

NORTHEAST OHIO AREA CHAMBER OF COMMERCE INC