MICHIGAN CITY AREA CHAMBER OF COMMERCE INC (EIN 350512630) - 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

1918

Legal Domicile

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.

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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 (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

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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

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

$72,451

Total Directors

Key Employees

Highest Compensated

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

MICHIGAN CITY AREA CHAMBER OF COMMERCE INC