MIDLAND AREA CHAMBER OF COMMERCE

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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

ROGER CHAMBERLIN

Phone

9898399522

Tax Period

2018-01-01 to 2018-12-31

MIDLAND AREA CHAMBER OF COMMERCE, founded in 1938, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2018. Revenue decreased 16% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 240% operating deficit.

Mission

AS A BUSINESS ADVOCATE, THE MISSION OF THE MIDLAND AREA CHAMBER OF COMMERCE IS TO DEVELOP, ADVANCE, AND PROMOTE THE ECONOMIC, INDUSTRIAL, COMMERCIAL, PROFESSIONAL, CULTURAL AND CIVIC WELFARE OF THE MIDLAND AREA.

Program Service Accomplishments

Program 1

Expenses: $413,502 Revenue: $356,916

GENERAL PROGRAM - TO DEVELOP, ADVANCE, AND PROMOTE THE ECONOMIC, INDUSTRIAL, COMMERCIAL, PROFESSIONAL, CULTURAL, AND CIVIC WELFARE OF THE MIDLAND AREA.

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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 (2018)

Revenue Breakdown

Contributions & Grants $196,297

Program Service Revenue $480,816

Investment Income $11,609

Other Revenue $348,947

TOTAL REVENUE $1,037,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $641,987

Fundraising Expenses $6,360

Program Expenses $413,502

Other Expenses $2,888,830

TOTAL EXPENSES $3,530,817

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,037,669	$1,228,995	-0.2%
Expenses	$3,530,817	$837,123	+3.2%
Net Income	$-2,493,148	$391,872	-7.4%

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

N/A

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

$216,236

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
BECKY CHURCH	EX-OFFICIO DIRECTORS	1.00	Director	$0	$0	$0
BRIDGETTE GRANSDEN	EX-OFFICIO DIRECTORS	1.00	Director	$0	$0	$0
ANGELA HINE	DIRECTOR	1.00	Director	$0	$0	$0
KARL IEUTER	DIRECTOR	1.00	Director	$0	$0	$0
WENDY KANAR	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID KEENAN	EX-OFFICIO DIRECTORS	1.00	Director	$0	$0	$0
RODNEY KLOHA	DIRECTOR	1.00	Director	$0	$0	$0
KIM KRANTZ	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG LANG	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT MACNELLIS	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
TOM MATONICAN	EX-OFFICIO DIRECTORS	1.00	Director	$0	$0	$0
GRANT MURSCHEL	EX-OFFICIO DIRECTORS	1.00	Director	$0	$0	$0
KELLY OSBORN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PUVALOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
DAN REIMER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SHARROW	EX-OFFICIO DIRECTORS	1.00	Director	$0	$0	$0
KRISTEN STEHOUWER	DIRECTOR	1.00	Director	$0	$0	$0
TERRI TROTTER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNI BUSH	DIRECTOR	1.00	Director	$0	$0	$0
BILL ALLEN	PRESIDENT	40.00	Officer	$78,961	$1,817	$80,778
SARAH OPPERMAN	INTERIM PRESIDENT	40.00	Officer	$120,000	$0	$120,000
TONY STAMAS	NEW PRESIDENT	40.00	Officer	$15,417	$41	$15,458

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
2018	$1,037,669	$3,530,817	$1,188,535	$-2,493,148