MARION-GRANT COUNTY CHAMBER OF COMMERCE

EIN: 350350890

MARION, IN

Total Revenue
$184,893
Total Expenses
$187,145
Total Assets
$453,871
Net Assets
$451,214
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
IN
Principal Officer
KYLIE JACKSON
Phone
7656645107
Tax Period
2021-10-01 to 2022-09-30

MARION-GRANT COUNTY CHAMBER OF COMMERCE, founded in 1948, is a small nonprofit that reported $185K in total revenue in fiscal year 2021. Revenue fell 31% from the prior year — a significant decline worth monitoring. Net assets of $451K represent 29 months of operating reserves.

Mission

THE MARION-GRANT COUNTY CHAMBER OF COMMERCE IS ORGANIZED TO ADVANCE THE CIVIC, COMMERCIAL, INDUSTRIAL, AGRICULTURAL AND EDUCATIONAL INTERESTS OF MARION AND GRANT COUNTY; TO PROMOTE INTEGRITY AND GOOD FAITH; JUST AND EQUITABLE PRINCIPLES OF BUSINESS; UNIFORMITY IN COMMERCIAL USAGE AND PRACTICES; TO ACQUIRE, PRESERVE STATISTICS AND INFORMATION OF VALUE; TO FACILITATE INTELLIGENT DISCUSSION OF AND CONCERTED ACTION UPON MATTERS OF PUBLIC CONCERN, AND TO DISCOVER AND CORRECT ABUSES AFFECTING THE INTEREST OF AND RIGHTS OF ITS MEMBERS AND THE CITIZENS OF MARION AND GRANT COUNTY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $170,785
Investment Income $362
Other Revenue $13,746
TOTAL REVENUE $184,893

Expense Breakdown

Grants Paid $0
Salaries & Benefits $107,632
Fundraising Expenses $0
Program Expenses $148,429
Other Expenses $79,513
TOTAL EXPENSES $187,145

Year-over-Year Comparison

2021 2020 Change
Revenue $184,893 $269,835 -0.3%
Expenses $187,145 $174,452 +0.1%
Net Income $-2,252 $95,383 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
15
Independent Members
15
Employees
2
Volunteers
35

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
4
$62,302
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYLIE JACKSON PRESIDENT 40.00
Officer
$62,302 $0 $62,302
JIM ALLBAUGH BOARD MEMBER 1.00
Director
$0 $0 $0
PHIL BOWERS BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL DASH BOARD MEMBER 1.00
Director
$0 $0 $0
TASHEMA DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
DIANNE HOVERMALE BOARD MEMBER 1.00
Director
$0 $0 $0
ROB KEISLING BOARD MEMBER 1.00
Director
$0 $0 $0
CINDY KOHLMORGEN INCOMING CHA 1.00
Director
$0 $0 $0
KAREN MADRY BOARD MEMBER 1.00
Director
$0 $0 $0
NATE MCNEELY BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
BRAD NEEDLER BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT TURCOTT BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE DOYLE TREASURER 1.00
Officer
$0 $0 $0
CINDY FUTRELL CHAIRMAN 1.00
Officer
$0 $0 $0
MARK STOREY PAST CHAIRMA 1.00
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
2022 $184,893 $187,145 $453,871 $-2,252
2022 $-46,206 $62,933 No data $-109,139
2021 $269,835 $174,452 $455,974 $95,383
2020 $210,236 $246,997 $360,417 $-36,761
2019 $268,368 $221,932 $397,190 $46,436
2018 $246,457 $225,762 $352,152 $20,695
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