BAY AREA CHAMBER OF COMMERCE (EIN 380333135) - 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

Legal Domicile

Principal Officer

MAGEN SAMYN

Phone

9898934567

Tax Period

2023-01-01 to 2023-12-31

BAY AREA CHAMBER OF COMMERCE is a small nonprofit that reported $979K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $925K left a modest 6% surplus.

Mission

TO OBTAIN FUNDS FOR USE IN SEMINARS, WORKSHOPS, AND OTHER PROJECTS TO PROMOTE AND IMPROVE EDUCATIONAL PROGRAMS AND INSTITUTIONS, AND TO SUPPORT URBAN DEVELOPMENT IMPROVEMENT PROJECTS IN BAY COUNTY, MICHIGAN.

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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 $234,290

Program Service Revenue $710,764

Investment Income $2,907

Other Revenue $31,403

TOTAL REVENUE $979,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $567,211

Fundraising Expenses $0

Program Expenses $210,095

Other Expenses $357,890

TOTAL EXPENSES $925,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$979,364	$829,373	+0.2%
Expenses	$925,101	$875,257	+0.1%
Net Income	$54,263	$-45,884	-2.2%

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

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

$157,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD CLEMENTS	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
JULIE ELLIS	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
HEATHER GALLEGOS	CHAIR	1.00	Officer Director	$0	$0	$0
HEATHER SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
SPENCER SKORUPSKI	DIRECTOR	1.00	Director	$0	$0	$0
KELLIE RUPP	DIRECTOR,ENG	1.00	Director	$0	$0	$0
DR MICHAE GAVIN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF ADAMO	DIRECTOR	1.00	Director	$0	$0	$0
JEAN ANN DESHANO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ESPINOZA	DIRECTOR	1.00	Director	$0	$0	$0
KELLEY KRITZMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOE SASIELA	DIRECTOR	1.00	Director	$0	$0	$0
SEAN KELLY	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR KEYES	DIRECTOR	1.00	Director	$0	$0	$0
LIBBY PIONK DO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KACZYNSKI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHERYL RATYNSKI	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
KEN SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN EBEL	DIRECTOR	1.00	Director	$0	$0	$0
ALI SMITH	DIRECTOR	1.00	Director	$0	$0	$0
TARA WELCH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAUL WIESE	CHAIR-ELECT,	1.00	Officer Director	$0	$0	$0
JUSTIN RALSTON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT TREPKOWSKI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MAGEN SAMYN	PRESIDENT/CE	40.00	Officer	$150,000	$7,154	$157,154

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	$979,364	$925,101	$595,928	$54,263
2022	$829,373	$875,257	$736,186	$-45,884
2021	$807,937	$739,641	$636,098	$68,296
2020	$634,894	$618,471	$549,949	$16,423
2019	$823,777	$741,100	$427,642	$82,677
2018	$712,381	$751,190	$475,628	$-38,809

BAY AREA CHAMBER OF COMMERCE