MT PLEASANT AREA CHAMBER OF COMMER… - Form 990 Financial Data

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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

1938

Legal Domicile

Principal Officer

AMANDA SCHAFER

Phone

9897722396

Tax Period

2023-01-01 to 2023-12-31

MT PLEASANT AREA CHAMBER OF COMMERCE, founded in 1938, is a small nonprofit that reported $353K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $342K left a modest 3% surplus.

Mission

THE MISSION IS TO FOSTER ECONOMIC VITALITY BY SUPPORTING AND STRENGTHENING OUR BUSINESS COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $22,000 Revenue: $20,000

BLUE CROSS/BLUE SHIELD PROGRAM - THIS IS A PROGRAM IN WHICH THE CHAMBER HAS PARTNERED WITH BLUE CROSS/BLUE SHIELD OF MICHIGAN IN ORDER TO PROMOTE BC/BS INSURANCE PROGRAMS TO CHAMBER MEMBERS. BC/BS OF MICHIGAN PROVIDES PROGRAM FUNDS TO HELP PAY FOR STAFFING, SUPPORT CHAMBER PUBLICATIONS AND SPONSOR CHAMBER EVENTS. THEIR MARKETING FUNDS PAY FOR THE PUBLICATION OF MANY WEBSITE, NEWSLETTER AND ELECTRONIC MESSAGES OF HEALTH RELATED INFORMATION AS A WAY TO PROMOTE THE BC/BS PROGRAM.

Program 2

Expenses: $20,013 Revenue: $28,265

AWARDS BANQUET - THE CHAMBER ALSO HOSTS AN ANNUAL AWARDS BANQUET TO ACKNOWLEDGE COMMUNITY LEADERS AND BUSINESSES WHO PROVIDE SIGNIFICANT CONTRIBUTIONS OF TIME AND EFFORT TO THE COMMUNITY AS WELL AS...

Program 3

Expenses: $6,734 Revenue: $15,864

BUSINESS AFTER HOURS, BUSINESS OVER BREAKFAST - THE CHAMBER PROVIDES ITS MEMBERS WITH SEVERAL FORUMS TO MEET AS A BUSINESS GROUP. MEMBERS CAN CHOOSE TO ATTEND NETWORKING EVENTS SUCH AS BUSINESS AFTER HOURS OR BUSINESS OVER BREAKFAST. MEMBER ATTENDANCE, DEPENDING ON THE FORUM AVERAGE, FROM 30 TO 130 MEMBERS PER MONTH.

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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 $222,478

Program Service Revenue $91,053

Investment Income $6,613

Other Revenue $32,874

TOTAL REVENUE $353,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,867

Fundraising Expenses $0

Program Expenses $48,747

Other Expenses $98,915

TOTAL EXPENSES $341,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$353,018	$278,553	+0.3%
Expenses	$341,782	$306,715	+0.1%
Net Income	$11,236	$-28,162	-1.4%

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

$87,035

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH CONWAY	PRESIDENT	40.00	Officer	$87,035	$0	$87,035
PAULA ARNDT	DIRECTOR	N/A	Director	$0	$0	$0
BART BLYSTONE	PAST CHAIR	N/A	Director	$0	$0	$0
SARAH CHRISTENSEN	DIRECTOR	N/A	Director	$0	$0	$0
SHIRLEY DECKER	DIRECTOR	N/A	Director	$0	$0	$0
AARON DESENTZ	DIRECTOR	N/A	Director	$0	$0	$0
JASMINE EICHINGER	DIRECTOR	N/A	Director	$0	$0	$0
AMY FISHER	DIRECTOR	N/A	Director	$0	$0	$0
DOUG LABELLE	DIRECTOR	N/A	Director	$0	$0	$0
GARY LANE	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER MARAR	VICE CHAIR	N/A	Director	$0	$0	$0
ROSS MILLER	DIRECTOR	N/A	Director	$0	$0	$0
MARK PASQUALI	DIRECTOR	N/A	Director	$0	$0	$0
BOB PETERS	DIRECTOR	N/A	Director	$0	$0	$0
ERIK RODRIGUEZ	DIRECTOR	N/A	Director	$0	$0	$0
AMANDA SCHAFER	CHAIR	N/A	Director	$0	$0	$0
ROBERT VANDORIN	DIRECTOR	N/A	Director	$0	$0	$0
BRAD WAHR	TREASURER/SE	N/A	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	No data	No data	No data	No data
2023	$353,018	$341,782	$453,078	$11,236
2022	$278,553	$306,715	$396,460	$-28,162
2021	$277,155	$243,336	$454,833	$33,819
2020	$240,049	$230,780	$395,862	$9,269
2019	$301,894	$288,665	$267,461	$13,229
2018	$259,630	$322,756	$222,360	$-63,126

MT PLEASANT AREA CHAMBER OF COMMERCE