MICHIGAN CITY AREA CHAMBER OF COMMERCE INC

EIN: 350512630

MICHIGAN CITY, IN

Total Revenue
$387,771
Total Expenses
$330,890
Total Assets
$301,008
Net Assets
$253,176
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1918
Legal Domicile
IN
Principal Officer
KURT GILLINS
Phone
2198746221
Tax Period
2023-01-01 to 2023-12-31

MICHIGAN CITY AREA CHAMBER OF COMMERCE INC, founded in 1918, is a small nonprofit that reported $388K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $331K left a modest 15% surplus.

Mission

THE MICHIGAN CITY CHAMBER OF COMMERCE SERVES TO BE A RESOURCE TO ITS MEMBERS, BUSINESSES, AND THE COMMUNITY TO PROMOTE ECONOMIC GROWTH IN THE MICHIGAN CITY AREA.

Program Service Accomplishments

Program 1
Expenses: $106,538

THE CHAMBER MAKES A COMMITMENT TO PROVIDE OUR MEMBERS THE RESOURCES, PARTNERS, AND NETWORKS TO CONNECT, GROW AND THRIVE. WE WILL WORK TO PROVIDE VALUE FOR OUR MEMBERS THROUGH NEW PROGRAMMING...

Read more

THE CHAMBER MAKES A COMMITMENT TO PROVIDE OUR MEMBERS THE RESOURCES, PARTNERS, AND NETWORKS TO CONNECT, GROW AND THRIVE. WE WILL WORK TO PROVIDE VALUE FOR OUR MEMBERS THROUGH NEW PROGRAMMING, PROMOTIONAL OPPORTUNITIES, AND CELEBRATING OUR MEMBERS ACHIEVEMENTS. WE ACHIEVE THIS GOAL THROUGH STRUCTURED COMMITTEES AND SPECIALIZED NETWORKING OPPORTUNITIES LIKE OUR YOUNG PROFESSIONALS, MANUFACTURING FORUM AND SMALL BUSINESS RELATIONSHIPS. WE SUPPORT BUSINESSES BY PROVIDING NETWORKING OPPORTUNITIES, BUSINESS WORKSHOPS, AND ADVOCACY. WE PROMOTE MEMBERS BY UTILIZING OUR WEBSITE, SOCIAL MEDIA, AND OUR WEEKLY NEWS.

Program 2

THE CHAMBER MAKES A COMMITMENT TO ENGAGE WITH COMMUNITY PARTNERS ON PROJECTS AND DEVELOPMENTS THAT WORK TO ENHANCE THE QUALITY OF LIFE OF MICHIGAN CITY, PROVIDE VALUE FOR OUR MEMBERS, AND SHOWCASE...

Read more

THE CHAMBER MAKES A COMMITMENT TO ENGAGE WITH COMMUNITY PARTNERS ON PROJECTS AND DEVELOPMENTS THAT WORK TO ENHANCE THE QUALITY OF LIFE OF MICHIGAN CITY, PROVIDE VALUE FOR OUR MEMBERS, AND SHOWCASE THE COMMUNITY IN A POSITIVE WAY IN ORDER TO ATTRACT BOTH TALENT AND VISITORS TO THE AREA. WE ACHIEVE THIS GOAL THROUGH STRATEGIC PARTNERSHIPS WITH OUR CITY ADMINISTRATION, COUNTY OFFICIALS, ECONOMIC DEVELOPMENT ORGANIZATIONS AND OTHERS. STAFF AND BOARD MEMBERS PARTICIPATE IN COMMITTEE WORK OUTSIDE OF THE CHAMBER TO PROVIDE INPUT ON COMMUNITY INITIATIVES AND DEVELOPMENTS THAT ARE IMPORTANT TO OUR MEMBERS.

Program 3

THE CHAMBER BOARD OF DIRECTORS AND STAFF MAKE A COMMITMENT TO LEARN FROM CHAMBER INDUSTRY EXPERTS TO PUT IN PLACE PROCESSES, POLICIES, AND PROGRAMS THAT STRENGTHEN THE ORGANIZATION IN ORDER FOR IT TO...

Read more

THE CHAMBER BOARD OF DIRECTORS AND STAFF MAKE A COMMITMENT TO LEARN FROM CHAMBER INDUSTRY EXPERTS TO PUT IN PLACE PROCESSES, POLICIES, AND PROGRAMS THAT STRENGTHEN THE ORGANIZATION IN ORDER FOR IT TO BECOME THE PREMIER BUSINESS ORGANIZATION IN THE MICHIGAN CITY AREA. WE WORK TOWARD THIS GOAL BY ALLOWING STAFF MEMBERS TO PARTICIPATE IN PROFESSIONAL DEVELOPMENT OPPORTUNITIES THAT BRING BACK NEW IDEAS AND PROGRAMMING FOR OUR ORGANIZATION AND ITS MEMBERS. WE ALSO LOOK AT CONTINUALLY IMPROVING OUR OPERATIONS TO ENSURE WE ARE FISCALLY RESPONSIBLE TO OUR MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $385,590
Investment Income $2,181
Other Revenue $0
TOTAL REVENUE $387,771

Expense Breakdown

Grants Paid $0
Salaries & Benefits $186,361
Fundraising Expenses $0
Program Expenses $106,538
Other Expenses $144,529
TOTAL EXPENSES $330,890

Year-over-Year Comparison

2023 2022 Change
Revenue $387,771 $341,531 +0.1%
Expenses $330,890 $318,586 +0.0%
Net Income $56,881 $22,945 +1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
15
Independent Members
15
Employees
3
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
5
$72,451
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHRYN EATON PRESIDENT 40.00
Officer
$72,451 $0 $72,451
JOHN WALL MEMBER 1.00
Director
$0 $0 $0
BRENDA TEMPLE TREASURER 4.00
Officer Director
$0 $0 $0
PAZ GARCIA MEMBER 1.00
Director
$0 $0 $0
BLAKE APPLEGATE MEMBER 1.00
Director
$0 $0 $0
WILLIAM GERTNER SECRETARY 4.00
Officer Director
$0 $0 $0
GREG WILKERSON MEMBER 1.00
Director
$0 $0 $0
KRISTINA JACOBUCCI MEMBER 1.00
Director
$0 $0 $0
KIM GIANNETTI CHAIR 4.00
Officer Director
$0 $0 $0
JULIE KRAUSE MEMBER 1.00
Director
$0 $0 $0
LORI TUBBS MEMBER 1.00
Director
$0 $0 $0
JILL NYGREN PAST CHAIR 1.00
Director
$0 $0 $0
MARK ZEMROWSKI MEMBER 1.00
Director
$0 $0 $0
JAMES MCKEEVER MEMBER 1.00
Director
$0 $0 $0
SANDRA SMITH CHAIR ELECT 4.00
Officer Director
$0 $0 $0
JESSE BALDWIN MEMBER 1.00
Director
$0 $0 $0
DR BARBARA EASON-WATKINS EX-OFFICIO MEMBER 1.00
Director
$0 $0 $0
ACO SIKOSKI EX-OFFICIO MEMBER 1.00
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 $387,771 $330,890 $301,008 $56,881
2022 $341,531 $318,586 $270,189 $22,945
2021 $308,004 $251,442 $304,219 $56,562
2020 $275,083 $238,198 $281,295 $36,885
2019 $273,175 $278,868 $254,682 $-5,693
2018 $296,206 $292,250 $146,368 $3,956
Explore More Nonprofits
Top 100 Nonprofits in Indiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MICHIGAN CITY AREA CHAMBER OF COMMERCE INC with other nonprofits in Indiana and across the country.