Grand Rapids Area Chamber of Commerce

EIN: 380592500 Community Improvement

Grand Rapids, MI

Total Revenue
$5,867,233
Total Expenses
$6,217,746
Total Assets
$9,870,145
Net Assets
$1,568,519
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1888
Legal Domicile
MI
Principal Officer
Rick Baker
Phone
6167710350
Tax Period
2025-01-01 to 2025-12-31

Grand Rapids Area Chamber of Commerce, founded in 1888, is a community nonprofit in the Community Improvement sector that reported $5.9M in total revenue in fiscal year 2025.

Program Service Accomplishments

Program 1

Public Policy and Government Affairs - Identify issues of concern and work with elected officials to promote policies and programs to stimulate the areas economic growth and create job opportunities...

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Public Policy and Government Affairs - Identify issues of concern and work with elected officials to promote policies and programs to stimulate the areas economic growth and create job opportunities. Our top priorities this year were housing and homelessness, public safety, roads and infrastructure, and paid sick leave/minimum wage adoption, and talent retention and attraction.

Program 2

Member Services - Strengthen the Chambers membership and improve services to members with special emphasis on member recruitment, retention and activation through continued communication with...

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Member Services - Strengthen the Chambers membership and improve services to members with special emphasis on member recruitment, retention and activation through continued communication with members. Discount programs for members included office supplies, workers comp insurance, tuition discounts, fuel, and internet service. Publication of our bi-monthly e-newsletter highlights members and offers advertising opportunities. We welcomed 570 new members and retained 83% of our current members.

Program 3

Programs and Events - Provide opportunities for business networking through a variety of member events. While we continue to provide quality meaningful events, we are focusing more on impactful...

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Programs and Events - Provide opportunities for business networking through a variety of member events. While we continue to provide quality meaningful events, we are focusing more on impactful outcomes for businesses through thoughtful connections, quality interactions, and consultations.

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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 $542,635
Program Service Revenue $4,389,795
Investment Income $49,423
Other Revenue $885,380
TOTAL REVENUE $5,867,233

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,148,959
Fundraising Expenses $0
Other Expenses $2,068,787
TOTAL EXPENSES $6,217,746

Year-over-Year Comparison

2025 2024 Change
Revenue $5,867,233 $5,585,857 +0.1%
Expenses $6,217,746 $6,148,887 +0.0%
Net Income $-350,513 $-563,030 -0.4%
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

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Governance

Voting Members
23
Independent Members
23
Employees
53
Volunteers
92

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
3
$574,684
Total Directors
21
$383,610
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rick Baker CEO 40.00
Officer Director
$350,289 $33,321 $383,610
Kate Wezeman VP of Finance and Operations 40.00
Officer
$171,619 $19,455 $191,074
James Byl President 1.00
Officer Director
$0 $0 $0
Ana Ramirez-Saenz Director 1.00
Director
$0 $0 $0
Brad Thomas Director 1.00
Director
$0 $0 $0
Adrian Bonilla Director 1.00
Director
$0 $0 $0
David Leonard Director 1.00
Director
$0 $0 $0
Hannah Nalter Director 1.00
Director
$0 $0 $0
Jennifer Crowley Director 1.00
Director
$0 $0 $0
Joe Hune Director 1.00
Director
$0 $0 $0
John Van Fossen Director 1.00
Director
$0 $0 $0
Ken Misiewicz Director 1.00
Director
$0 $0 $0
Krista Flynn Director 1.00
Director
$0 $0 $0
Laura Hopson Director 1.00
Director
$0 $0 $0
Lauren Snyder Director 1.00
Director
$0 $0 $0
Micheal Davenport Director 1.00
Director
$0 $0 $0
Natalie Mitchell-Stewart Director 1.00
Director
$0 $0 $0
Randy Thelen Director 1.00
Director
$0 $0 $0
Robert Hughes Director 1.00
Director
$0 $0 $0
Ruban Ramos Director 1.00
Director
$0 $0 $0
Tracy Hornbeck Director 1.00
Director
$0 $0 $0
Zach Verhurst Director 1.00
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
2025 $5,867,233 $6,217,746 $9,870,145 $-350,513
2024 $5,585,857 $6,148,887 $9,933,804 $-563,030
2023 $4,950,226 $5,221,299 $10,457,694 $-271,073
2022 $4,611,540 $4,728,426 $9,810,663 $-116,886
2022 $4,611,540 $4,728,426 $9,810,663 $-116,886
2021 $4,480,644 $4,136,379 $4,793,267 $344,265
2020 $4,485,674 $3,512,272 $4,476,208 $973,402
2019 $3,652,836 $3,600,542 $2,957,382 $52,294
2018 $4,489,180 $4,048,694 $2,913,123 $440,486
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