BARRY COUNTY CHAMBER OF COMMERCE (EIN 380633630) - 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

1928

Legal Domicile

Principal Officer

BOB BYINGTON

Phone

2699452454

Tax Period

2024-01-01 to 2024-12-31

BARRY COUNTY CHAMBER OF COMMERCE, founded in 1928, is a small nonprofit that reported $452K in total revenue in fiscal year 2024. Expenses of $537K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE BARRY COUNTY CHAMBER OF COMMERCE IS DEDICATED TO THE ECONOMIC PROSPERITY OF THE COUNTY THROUGH CONNECTIVITY, PROMOTION AND BUSINESS SUPPORT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $321,757

Program Service Revenue $107,974

Investment Income $1

Other Revenue $22,391

TOTAL REVENUE $452,123

Expense Breakdown

Grants Paid $71,117

Salaries & Benefits $296,499

Fundraising Expenses $18,189

Program Expenses $464,094

Other Expenses $169,238

TOTAL EXPENSES $536,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$452,123	$444,763	+0.0%
Expenses	$536,854	$448,851	+0.2%
Net Income	$-84,731	$-4,088	+19.7%

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

$104,397

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE SOLMES	PAST PRESIDENT	1.00	Director	$0	$0	$0
DAVE JACKSON	VOTING EX OFFICIO	1.00	Director	$0	$0	$0
JAMIE SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE GETTY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE HATFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC ZUZGA	BOARD MEMBER NONVOTING	1.00	Director	$0	$0	$0
AARON HARTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER E HEINZMAN	PRESIDENT/CEO	40.00	Officer	$104,397	$0	$104,397
EMILY GARY	SECRETARY	1.00	Officer	$0	$0	$0
GREG MOORE	CHAIR	1.00	Officer	$0	$0	$0
BOB BYINGTON	TREASURER	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	$452,123	$536,854	$267,172	$-84,731
2023	$444,763	$448,851	$350,840	$-4,088
2022	$426,518	$487,744	$366,103	$-61,226
2021	$554,341	$422,510	$470,335	$131,831
2020	$248,313	$325,006	$326,187	$-76,693
2019	$636,947	$489,987	$358,430	$146,960
2018	$353,762	$501,759	$213,549	$-147,997

BARRY COUNTY CHAMBER OF COMMERCE