GREATER LAPORTE CHAMBER OF COMMERCE INC (EIN 350461056) - 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

1930

Legal Domicile

Principal Officer

HUBERT COOK

Phone

2193623178

Tax Period

2024-01-01 to 2024-12-31

GREATER LAPORTE CHAMBER OF COMMERCE INC, founded in 1930, is a small nonprofit that reported $579K in total revenue in fiscal year 2024. Expenses of $559K left a modest 3% surplus.

Mission

CHAMBER OF COMMERCE FOR LAPORTE, INDIANA

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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 $303,168

Program Service Revenue $32,574

Investment Income $22,930

Other Revenue $220,055

TOTAL REVENUE $578,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $450,812

Fundraising Expenses $45,876

Program Expenses $288,381

Other Expenses $107,864

TOTAL EXPENSES $558,676

Year-over-Year Comparison

	2024	2023	Change
Revenue	$578,727	$565,065	+0.0%
Expenses	$558,676	$505,293	+0.1%
Net Income	$20,051	$59,772	-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

Independent Members

Employees

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

$237,103

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUBERT COOK	EXECUTIVE DI	40.00	Officer	$141,666	$0	$141,666
MICHAEL RIEHLE	PRESIDENT	40.00	Officer	$95,437	$0	$95,437
DON BABCOCK	BOARD MEMBER	N/A	Director	$0	$0	$0
ERIK BACK	BOARD MEMBER	N/A	Director	$0	$0	$0
JEFF CHAPMAN	CHAIR-ELECT	N/A	Director	$0	$0	$0
JIM CLARIDA	BOARD MEMBER	N/A	Director	$0	$0	$0
TODD HUDSON	TREASURER/SE	N/A	Director	$0	$0	$0
TRUDY MENKE	BOARD MEMBER	N/A	Director	$0	$0	$0
RYAN SEABURG	BOARD MEMBER	N/A	Director	$0	$0	$0
BRITTANY SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
DAWN ZIGLER	BOARD CHAIR	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	$578,727	$558,676	$648,969	$20,051
2023	$565,065	$505,293	$597,862	$59,772
2022	$476,028	$417,983	$535,169	$58,045
2021	$615,482	$508,245	$417,056	$107,237
2020	$510,609	$498,768	$350,184	$11,841

GREATER LAPORTE CHAMBER OF COMMERCE INC