OWOSSO-CORUNNA AREA CHAMBER OF COMM

EIN: 380901196

OWOSSO, MI

Total Revenue
$293,410
Total Expenses
$284,276
Total Assets
$107,807
Net Assets
$-409,576
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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
1939
Legal Domicile
MI
Principal Officer
JORDAN HANKWITZ
Phone
9897235149
Tax Period
2025-01-01 to 2025-12-31

OWOSSO-CORUNNA AREA CHAMBER OF COMM, founded in 1939, is a small nonprofit that reported $293K in total revenue in fiscal year 2025. Expenses of $284K left a modest 3% surplus.

Mission

WE ADVANCE THE ECONOMIC SUCCESS OF OUR COMMUNITY BY ALIGNING INFORMATION AND RESOURCES AND INVESTING IN PEOPLE WHO CREATE THE FUTURE.

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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 $25,854
Program Service Revenue $252,316
Investment Income $5
Other Revenue $15,235
TOTAL REVENUE $293,410

Expense Breakdown

Grants Paid $0
Salaries & Benefits $146,151
Fundraising Expenses $0
Other Expenses $138,125
TOTAL EXPENSES $284,276

Year-over-Year Comparison

2025 2024 Change
Revenue $293,410 $-2,232,761 -1.1%
Expenses $284,276 $705,499 -0.6%
Net Income $9,134 $-2,938,260 -1.0%
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
11
Independent Members
11
Employees
5
Volunteers
100

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
4
$72,116
Total Directors
12
$72,116
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JORDAN HANKWITZ PRESIDENT 36.00
Officer Director
$72,116 $0 $72,116
JULIANNE ACKERSON TRUSTEE N/A
Director
$0 $0 $0
LAURA ARCHER CHAIR N/A
Officer Director
$0 $0 $0
CRAIG BISHOP TRUSTEE N/A
Director
$0 $0 $0
ASHLEY CONNELLY TRUSTEE N/A
Director
$0 $0 $0
REBECCA DAHLKE VICE CHAIR N/A
Officer Director
$0 $0 $0
KERRY DUTCHER TRUSTEE N/A
Director
$0 $0 $0
VOULA ERFOURTH TRUSTEE N/A
Director
$0 $0 $0
VOULA ERFOURTH TRUSTEE N/A
Director
$0 $0 $0
CHAR HEBEKEUSER TREASURER N/A
Officer Director
$0 $0 $0
CASEY LAMBERT TRUSTEE N/A
Director
$0 $0 $0
RUTHANN LIAGRE SECRETARY 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
2025 $293,410 $284,276 $107,807 $9,134
2024 $-2,232,761 $705,499 $81,665 $-2,938,260
2023 $271,520 $254,184 $2,774,023 $17,336
2022 $266,056 $310,691 $2,766,967 $-44,635
2021 $393,344 $384,849 $2,841,258 $8,495
2020 $352,888 $391,253 $2,448,672 $-38,365
2019 $517,169 $489,315 $1,660,339 $27,854
2019 $517,169 $489,315 $1,660,339 $27,854
2018 $444,125 $464,727 $1,665,379 $-20,602
2017 $1,780,147 $653,294 $1,848,964 $1,126,853
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