HURON COUNTY CHAMBER OF COMMERCE

EIN: 344445500

NORWALK, OH

Total Revenue
$143,210
Total Expenses
$116,811
Total Assets
$185,215
Net Assets
$50,799
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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
1938
Legal Domicile
OH
Principal Officer
TYLER WASSERMAN
Phone
4196684155
Tax Period
2023-01-01 to 2023-12-31

HURON COUNTY CHAMBER OF COMMERCE, founded in 1938, is a small nonprofit that reported $143K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $26K, a strong 18% operating margin.

Mission

PROMOTE NORWALK AREA BUSINESS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $78,767
Investment Income $0
Other Revenue $64,443
TOTAL REVENUE $143,210

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,189
Fundraising Expenses $0
Program Expenses $1,055
Other Expenses $49,622
TOTAL EXPENSES $116,811

Year-over-Year Comparison

2023 2022 Change
Revenue $143,210 $128,039 +0.1%
Expenses $116,811 $133,371 -0.1%
Net Income $26,399 $-5,332 -6.0%
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

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Governance

Voting Members
19
Independent Members
19
Employees
3
Volunteers
16

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
5
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TYLER WASSERMAN PRESIDENT N/A
Officer
$0 $0 $0
RYAN BOWERS VICE PRESIDE N/A
Officer
$0 $0 $0
CARRIE JO WAHL SECRETARY N/A
Officer
$0 $0 $0
KYLE PAULEY TREASURER/PA N/A
Officer
$0 $0 $0
TREVOR ROOD ADVISOR N/A
Officer
$0 $0 $0
DAREN SMITH DIRECTOR N/A
Director
$0 $0 $0
ERIN CANNON DIRECTOR N/A
Director
$0 $0 $0
JUSTIN EWELL DIRECTOR N/A
Director
$0 $0 $0
KALEN BAKER DIRECTOR N/A
Director
$0 $0 $0
KATE HIPP-DOWNEY DIRECTOR N/A
Director
$0 $0 $0
TRINA REINECK DIRECTOR N/A
Director
$0 $0 $0
KIMBERLY MOORE DIRECTOR N/A
Director
$0 $0 $0
LAURAN WOLFE DIRECTOR N/A
Director
$0 $0 $0
ALI WINTERS DIRECTOR N/A
Director
$0 $0 $0
TIMOTHY NYMAN DIRECTOR N/A
Director
$0 $0 $0
BRANDON BALDUFF DIRECTOR N/A
Director
$0 $0 $0
CHANDRA FRENCH DIRECTOR N/A
Director
$0 $0 $0
DON ENGLET DIRECTOR N/A
Director
$0 $0 $0
HEATHER SLONE DIRECTOR 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
2024 No data No data No data No data
2023 $143,210 $116,811 $185,215 $26,399
2022 $128,039 $133,371 $149,249 $-5,332
2021 $102,796 $125,053 $157,452 $-22,257
2020 $149,508 $137,743 $167,269 $11,765
2019 $158,627 $181,375 $163,565 $-22,748
2018 $160,399 $163,433 $279,082 $-3,034
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