GLMV Area Chamber of Commerce & Industry Inc (EIN 363310312) - 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

1945

Legal Domicile

Principal Officer

Scott Adams

Phone

8476800750

Tax Period

2023-01-01 to 2023-12-31

GLMV Area Chamber of Commerce & Industry Inc, founded in 1945, is a small nonprofit that reported $286K in total revenue in fiscal year 2021. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 17% operating margin.

Mission

To be an active and positive force on behalf of its members and create a favorable environment for business. The GLMV will act as the medium for promoting economic and social progress in the area to foster a sense of community.

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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 $257,914

Investment Income $8

Other Revenue $0

TOTAL REVENUE $257,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,020

Fundraising Expenses $0

Other Expenses $94,984

TOTAL EXPENSES $255,004

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,922	$230,995	+0.1%
Expenses	$255,004	$235,151	+0.1%
Net Income	$2,918	$-4,156	-1.7%

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

Total Directors

$128,030

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Adams	President & CEO	40.00	Director	$67,200	$0	$67,200
Carol Levin	PR Director	40.00	Director	$60,830	$0	$60,830
Collen Forman	Director	1.00	Director	$0	$0	$0
Paul LaRoche	Director	1.00	Director	$0	$0	$0
John Petrillo	Director	1.00	Director	$0	$0	$0
Karen Lavris	Past Chairman	1.00	Director	$0	$0	$0
Heather Rowe	Director	1.00	Director	$0	$0	$0
Chris Piazzi	Director	1.00	Director	$0	$0	$0
Matt Laska	Director	1.00	Director	$0	$0	$0
Kieth Sanders	Director	1.00	Director	$0	$0	$0
Denise Kafkis	Director	1.00	Director	$0	$0	$0
James Smith	Director	1.00	Director	$0	$0	$0
Michael Zovistoski	Director	1.00	Director	$0	$0	$0
Eric Guenther	Director	1.00	Director	$0	$0	$0
April Koot	Vice Chairman	1.00	Director	$0	$0	$0
Steve Kopula	Chairman	1.00	Officer	$0	$0	$0
Bill Hasse	Secretary	1.00	Officer	$0	$0	$0
Dr Mike Hartlett	Secretary	1.00	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
2024	No data	No data	No data	No data
2023	$257,922	$255,004	$22,254	$2,918
2022	$230,995	$235,151	$19,336	$-4,156
2021	$285,542	$237,688	$23,492	$47,854

GLMV Area Chamber of Commerce & Industry Inc