MADISON AREA CHAMBER OF COMMERCE

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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

1980

Legal Domicile

Principal Officer

JIM LEVEILLE

Phone

8122653135

Tax Period

2024-01-01 to 2024-12-31

MADISON AREA CHAMBER OF COMMERCE, founded in 1980, is a small nonprofit that reported $187K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35K, a strong 19% operating margin.

Mission

PROMOTE AND ENHANCE LOCAL ECONOMY.

Program Service Accomplishments

Program 1

PROMOTION OF LOCAL ENTERPRISEES AND TO ENHANCE THE ECONOMY THROUGH SEMINARS, GRANTS FOR ECONOMIC DEVELOPMENT, PROMOTING TOURISM THROUGH SPECIAL COMMUNITY EVENTS.

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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 $0

Program Service Revenue $96,994

Investment Income $1,149

Other Revenue $88,882

TOTAL REVENUE $187,025

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,511

Fundraising Expenses $0

Other Expenses $74,028

TOTAL EXPENSES $151,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$187,025	$145,994	+0.3%
Expenses	$151,539	$131,954	+0.1%
Net Income	$35,486	$14,040	+1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
SUSAN CLINE	BOARD MEMBER	Director	$0	$0	$0
NATALIE GREEN	BOARD MEMBER	Director	$0	$0	$0
AMANDA HARSIN	BOARD MEMBER	Director	$0	$0	$0
JIM LEVEILLE	VICE PRESIDE	Officer Director	$0	$0	$0
CARI MORRISON-BEAR	BOARD MEMBER	Director	$0	$0	$0
MONICA NOLAN	BOARD MEMBER	Director	$0	$0	$0
MICHAELA OWENS	BOARD MEMBER	Director	$0	$0	$0
RAEANE PRYOR	SECRETARY	Officer Director	$0	$0	$0
ANGELA RECORD	BOARD MEMBER	Director	$0	$0	$0
KELSEY SHAW	PRESIDENT	Officer Director	$0	$0	$0
KIM TAYLOR	BOARD MEMBER	Director	$0	$0	$0
MINDY THEVENOW	TREASURER	Officer 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	$187,025	$151,539	$311,758	$35,486
2023	$145,994	$131,954	$275,371	$14,040
2022	$162,615	$145,608	$256,055	$17,007
2021	$210,273	$145,003	$237,967	$65,270
2020	$159,672	$167,571	$269,222	$-7,899
2019	$155,716	$159,411	$296,638	$-3,695
2018	$174,439	$155,453	$211,341	$18,986