WAYNE COUNTY AREA CHAMBER OF COMMERCE INC

EIN: 350956400

RICHMOND, IN

Total Revenue
$593,565
Total Expenses
$524,813
Total Assets
$834,705
Net Assets
$687,638
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
IN
Principal Officer
MELISSA VANCE
Phone
7659621511
Tax Period
2024-01-01 to 2024-12-31

WAYNE COUNTY AREA CHAMBER OF COMMERCE INC, founded in 1966, is a small nonprofit that reported $594K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $525K left a modest 12% surplus.

Mission

PROMOTE, LEAD, UNITE, AND SERVE MEMBERS, BUSINESSES, AND THE COMMUNITY IN ORDER FOR WAYNE COUNTY TO BE A GREAT PLACE TO LIVE, LEARN, AND DO BUSINESS.

Program Service Accomplishments

Program 1
Expenses: $405,719 Revenue: $153,746

CONDUCTED PROGRAMS DURING THE YEAR TO PROMOTE ECONOMIC GROWTH IN RICHMOND AND WAYNE COUNTY INDIANA.

Program 2
Expenses: $26,176 Revenue: $60,178

BUSINESS EDUCATION LIAISON PROGRAM TO EDUCATE SCHOOL AGE CHILDREN ABOUT THE RICHMOND WAYNE COUNTY BUSINESS COMMUNITY INCLUDING EMPLOYMENT OPPORTUNITIES AND THE BENEFITS OF STAYING IN SCHOOL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $205,813
Program Service Revenue $213,924
Investment Income $29,904
Other Revenue $143,924
TOTAL REVENUE $593,565

Expense Breakdown

Grants Paid $10,050
Salaries & Benefits $326,351
Fundraising Expenses $29,868
Program Expenses $431,895
Other Expenses $188,412
TOTAL EXPENSES $524,813

Year-over-Year Comparison

2024 2023 Change
Revenue $593,565 $532,930 +0.1%
Expenses $524,813 $487,965 +0.1%
Net Income $68,752 $44,965 +0.5%
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

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Governance

Voting Members
32
Independent Members
32
Employees
8
Volunteers
253

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
9
$105,213
Total Directors
33
$105,213
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA VANCE PRESIDENT/CEO 40.00
Officer Director
$105,213 $0 $105,213
KATIE ALYEA DIRECTOR 1.00
Director
$0 $0 $0
PAUL WITTE DIRECTOR 1.00
Director
$0 $0 $0
JEFF CARTER DIRECTOR 1.00
Director
$0 $0 $0
AJ SICKMANN SECRETARY 1.00
Officer Director
$0 $0 $0
JENNIFER NORTH TREASURER 1.00
Officer Director
$0 $0 $0
JASON TROUTWINE DIRECTOR 1.00
Director
$0 $0 $0
BRIAN BALLENGER HAGERSTOWN REPRESENT 1.00
Officer Director
$0 $0 $0
MATTHEW HICKS DIRECTOR 1.00
Director
$0 $0 $0
RON HOLBROOK CHAIR 2.00
Officer Director
$0 $0 $0
KIM TANNER DIRECTOR 1.00
Director
$0 $0 $0
MARTY VANDERBURGT ISSUES & ADVOCACY CHAIR 1.00
Officer Director
$0 $0 $0
KELLY MCQUEEN DIRECTOR 1.00
Director
$0 $0 $0
TONY FOSTER DIRECTOR 1.00
Director
$0 $0 $0
LINDSAY SANKEY DIRECTOR 1.00
Director
$0 $0 $0
ALFREDO DIAMOND DIRECTOR 1.00
Director
$0 $0 $0
CHRIS CAMPBELL DIRECTOR 1.00
Director
$0 $0 $0
MATT HILEMAN DIRECTOR 1.00
Director
$0 $0 $0
AMANDA MARQUIS DIRECTOR 1.00
Director
$0 $0 $0
SARAH PENNINGTON CAMBRIDGE CITY REPR 1.00
Officer Director
$0 $0 $0
RONALD OLER MAYOR 1.00
Director
$0 $0 $0
JEFF PLASTERER WAYNE CO COMMISSION 1.00
Director
$0 $0 $0
MARY WALKER DIRECTOR 1.00
Director
$0 $0 $0
CATHY HILLARD DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE MALOTT DIRECTOR 1.00
Director
$0 $0 $0
VALERIE SHAFFER EDC BOARD CHAIR 1.00
Director
$0 $0 $0
DAKOTA COLLINS DIRECTOR 1.00
Director
$0 $0 $0
TODD DUKE CENTERVILLE REPRESENTATIVE 1.00
Officer Director
$0 $0 $0
MEGAN LAMB HYPE WAYNE COUNTY 1.00
Director
$0 $0 $0
KEITH WEBSTER FOUNTAIN CITY REPRESENTATIVE 1.00
Officer Director
$0 $0 $0
JORDAN MATTHEWS DIRECTOR 1.00
Director
$0 $0 $0
RICK POPP DIRECTOR 1.00
Director
$0 $0 $0
LISA SUTTLE DIRECTOR 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 $593,565 $524,813 $834,705 $68,752
2023 $532,930 $487,965 $755,155 $44,965
2022 $453,609 $411,630 $729,676 $41,979
2021 $447,062 $379,724 $641,931 $67,338
2020 $379,949 $338,475 $539,363 $41,474
2019 $324,543 $305,578 $493,169 $18,965
2018 $364,636 $305,354 $519,735 $59,282
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