WAYNE COUNTY AREA CHAMBER OF COMMERCE INC (EIN 350956400) - 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

1966

Legal Domicile

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.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$105,213

Total Directors

$105,213

Key Employees

Highest Compensated

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

WAYNE COUNTY AREA CHAMBER OF COMMERCE INC