GREATER PORTAGE CHAMBER OF COMMERCE

EIN: 351078772

PORTAGE, IN

Total Revenue
$294,480
Total Expenses
$334,723
Total Assets
$203,809
Net Assets
$190,832
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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
1959
Legal Domicile
IN
Principal Officer
NANCY SIMPSON
Phone
2197623300
Tax Period
2025-01-01 to 2025-12-31

GREATER PORTAGE CHAMBER OF COMMERCE, founded in 1959, is a small nonprofit that reported $294K in total revenue in fiscal year 2025. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $335K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE PURPOSE OF THIS ORGANIZATION SHALL BE TO ADVANCE THE BUSINESS COMMUNITY, TO ENHANCE THE CIVIC, COMMERCIAL, INDUSTRIAL AND PROFESSIONAL WELFARE OF PORTAGE, INDIANA, AND ITS NEIGHBORING COMMUNITIES. THE ORGANIZATION STANDS TO PROMOTE INTEGRITY AND GOOD FAITH UNDER A FREE ENTERPRISE SYSTEM. IN DOING SO, IT SUPPORTS JUST AND EQUITABLE PRINCIPLES IN BUSINESS AND UNIFORMITY IN ALL ITS PRACTICES. THE ORGANIZATION ACQUIRES, PRESERVES AND DISTRIBUTES COMMERCIAL AND INDUSTRIAL STATISTICS AND INFORMATION TO PROMOTE BUSINESS GROWTH AND DEVELOPMENT. IT FACILITATES INTELLIGENT DISCUSSION UPON MATTERS OF PUBLIC CONCERN AS WELL AS PREVENTION OF CONTROVERSY OR ABUSE OF BUSINESS PRACTICES. ABOVE ALL, THIS ORGANIZATION WORKS FOR THE INTEREST AND RIGHTS OF ITS MEMBERS AND THE COMMUNITY AS A WHOLE BY PROMOTION, PRESERVATION, AND POSITIVE GROWTH FOR PORTAGE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $80,589
Program Service Revenue $199,770
Investment Income $14,121
Other Revenue $0
TOTAL REVENUE $294,480

Expense Breakdown

Grants Paid $0
Salaries & Benefits $159,238
Fundraising Expenses $63,781
Program Expenses $180,871
Other Expenses $175,485
TOTAL EXPENSES $334,723

Year-over-Year Comparison

2025 2024 Change
Revenue $294,480 $240,007 +0.2%
Expenses $334,723 $274,320 +0.2%
Net Income $-40,243 $-34,313 +0.2%
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
12
Independent Members
12
Employees
3
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
6
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY HARKINS SECRETARY N/A
Officer Director
$0 $0 $0
CHRISSY JANUSAITIS VICE PRESIDE N/A
Officer Director
$0 $0 $0
KEVIN KOSEK PAST PRESIDE N/A
Officer Director
$0 $0 $0
MIKE SARVER TREASURER N/A
Officer Director
$0 $0 $0
ALAN WHIPPS PRESIDENT N/A
Officer Director
$0 $0 $0
NANCY SIMPSON EXECUTIVE DI N/A
Officer
$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 $294,480 $334,723 $203,809 $-40,243
2024 $240,007 $274,320 $251,198 $-34,313
2023 $180,613 $199,596 $272,140 $-18,983
2022 $202,516 $171,802 $291,115 $30,714
2021 $195,955 $152,691 $227,407 $43,264
2020 $198,632 $173,208 $184,143 $25,424
2019 $254,074 $208,332 $162,713 $45,742
2018 $239,647 $232,656 $121,964 $6,991
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