MAHOMET AREA CHAMBER OF COMMERCE

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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

1997

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

MAHOMET AREA CHAMBER OF COMMERCE, founded in 1997, is a small nonprofit that reported $201K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $239K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE MAHOMET AREA CHAMBER OF COMMERCE WORKS COLLECTIVELY TO UNDERSTAND MEMBERS NEEDS AND HELP BENEFIT BUSINESSES IN THEIR NEEDS AS WELL AS THEIR GROWTH

Program Service Accomplishments

Program 1

Expenses: $17,645

PROVIDE SCHOLARSHIPS FOR MAHOMET AREA STUDENTS TO INVEST IN THE EDUCATION OF FUTURE BUSINESS LEADERS

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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 $200,476

Program Service Revenue $0

Investment Income $165

Other Revenue $0

TOTAL REVENUE $200,641

Expense Breakdown

Grants Paid $4,229

Salaries & Benefits $80,794

Fundraising Expenses $83,836

Program Expenses $17,645

Other Expenses $153,949

TOTAL EXPENSES $238,972

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,641	$281,285	-0.3%
Expenses	$238,972	$272,729	-0.1%
Net Income	$-38,331	$8,556	-5.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAMMIE MEERDINK	BOARD MEMBER	0.25	Director	$0	$0	$0
ALY JACKSON	BOARD MEMBER	0.25	Director	$0	$0	$0
SATESHA PATEL	BOARD MEMBER	0.25	Director	$0	$0	$0
STEPHANIE DENBY	BOARD MEMBER	0.25	Director	$0	$0	$0
KENNY LEE	EX-OFFICIO	0.25	Director	$0	$0	$0
PATRICK BROWN	EX-OFFICIO	0.25	Director	$0	$0	$0
MAGGIE BAKER	BOARD MEMBER	0.25	Director	$0	$0	$0
DARWYN BOSTON	SECRETARY	0.25	Director	$0	$0	$0
ALAN SINGLETON	BOARD MEMBER	0.25	Director	$0	$0	$0
ELIZABETH MCDERMITH	BOARD MEMBER	0.25	Director	$0	$0	$0
ALAN SINGLETON	CHAIRMAN	4.00	Officer Director	$0	$0	$0
NICK SCHNEIDER	TREASURER	4.00	Officer Director	$0	$0	$0
JESSICA HANSON	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
MICHAEL HERNANDEZ	CHAIRMAN	4.00	Officer Director	$0	$0	$0
RHONDA MCDONOUGH-VIERING	ADMINISTRATIVE ASSISTANT	20.00	Key Emp	$0	$0	$0
JENNIFER COUGILL	EXECUTIVE DIRECTOR	40.00	Key Emp	$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
2023	$200,641	$238,972	$16,672	$-38,331
2022	$281,285	$272,729	$30,286	$8,556