LANSING REGIONAL 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

TIM DAMAN

Phone

5174876340

Tax Period

2024-01-01 to 2024-12-31

LANSING REGIONAL CHAMBER OF COMMERCE, founded in 1938, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE CHAMBER IS TO CREATE A VIBRANT ECONOMIC ENVIRONMENT IN THE LANSING REGION BY SUPPORTING EXISTING BUSINESS, ATTRACTING NEW BUSINESSES AND WORKING WITH ELECTED OFFICIALS.

Program Service Accomplishments

Program 1

THE CHAMBER PROVIDES VARIOUS MEMBERSHIP SERVICES, GOVERNMENT RELATIONS, BUSINESS NETWORKING, AND BUSINESS EDUCATION ALLIANCES. THE ACTIVITIES OF THE CHAMBER INCLUDE VARIOUS MEMBERSHIP AND RELATED...

THE CHAMBER PROVIDES VARIOUS MEMBERSHIP SERVICES, GOVERNMENT RELATIONS, BUSINESS NETWORKING, AND BUSINESS EDUCATION ALLIANCES. THE ACTIVITIES OF THE CHAMBER INCLUDE VARIOUS MEMBERSHIP AND RELATED SERVICES. THE ECONOMIC DEVELOPMENT PROGRAM WAS ESTABLISHED TO INITIATE A MARKETING AND EDUCATIONAL EFFORT TO ATTRACT NEW INVESTMENT TO THE LANSING AREA. PROGRAMS ARE PROVIDED ON MONTHLY, QUARTERLY AND ANNUAL BASIS. AN AVERAGE OF 500 ATTENDEES PER MONTH BENEFIT FROM CHAMBER PROGRAMS.

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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 $0

Program Service Revenue $1,809,651

Investment Income $30,134

Other Revenue $116,672

TOTAL REVENUE $1,956,457

Expense Breakdown

Grants Paid $1,950

Salaries & Benefits $813,814

Fundraising Expenses $0

Other Expenses $1,237,085

TOTAL EXPENSES $2,052,849

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,956,457	$1,830,663	+0.1%
Expenses	$2,052,849	$1,896,869	+0.1%
Net Income	$-96,392	$-66,206	+0.5%

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

$181,253

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM DAMAN	PRESIDENT	40.00	Officer	$168,798	$12,455	$181,253
STEVE JAPINGA	SENIOR VP PUBLIC AFFIARS	40.00	Highest	$105,000	$3,646	$108,646
TOM RUIS	DIRECTOR	1.00	Director	$0	$0	$0
LISA WEBB SHARPE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ZYBLE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
TROY COMISKEY	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA DEVOOGHT	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET DIMOND	DIRECTOR	1.00	Director	$0	$0	$0
JEFF METTS	DIRECTOR	1.00	Director	$0	$0	$0
JIM FARRELL	DIRECTOR	1.00	Director	$0	$0	$0
ROGER GRAFF	DIRECTOR	1.00	Director	$0	$0	$0
SARA DOLAN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN ZIELKE	DIRECTOR	1.00	Director	$0	$0	$0
LISA ELLEN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
TODD SURLINE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ZAMIARA	DIRECTOR	1.00	Officer Director	$0	$0	$0
ROBYN HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MANN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MUSSER	DIRECTOR	1.00	Director	$0	$0	$0
KWAFO ADARKWA	DIVISION DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MASSEY	DIVISION DIRECTOR	1.00	Director	$0	$0	$0
KIRK RAY	DIVISION DIRECTOR	1.00	Director	$0	$0	$0
KELLY PRESTON	DIVISION DIRECTOR	1.00	Director	$0	$0	$0
LUKE TERRY	TREASURER	1.00	Officer Director	$0	$0	$0
MARK BURZYCH	LEGAL COUNSEL	1.00	Officer Director	$0	$0	$0
AMY SCOBY	CHAIR ELECT	1.00	Director	$0	$0	$0
LISA O'CONNOR	CHAIR	1.00	Officer 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	No data	No data	No data	No data
2024	$1,956,457	$2,052,849	$1,572,917	$-96,392
2023	$1,830,663	$1,896,869	$1,827,906	$-66,206
2022	$1,656,985	$1,712,971	$1,866,842	$-55,986
2021	$1,828,574	$1,653,534	$1,234,869	$175,040
2020	$1,705,646	$1,633,468	$938,731	$72,178
2019	$1,948,858	$1,783,732	$950,347	$165,126
2018	$1,850,881	$1,655,731	$667,396	$195,150

LANSING REGIONAL CHAMBER OF COMMERCE