SOUTH HAVEN AREA CHAMBER OF COMMERCE (EIN 381052830) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1932

Principal Officer

KATHY WAGAMAN

Phone

2696375171

Tax Period

2023-01-01 to 2023-12-31

SOUTH HAVEN AREA CHAMBER OF COMMERCE, founded in 1932, is a small nonprofit that reported $222K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PROMOTION OF THE GREATER SOUTH HAVEN AREA

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $89,579

Program Service Revenue $36,954

Investment Income $3,737

Other Revenue $92,016

TOTAL REVENUE $222,286

Expense Breakdown

Grants Paid $25

Salaries & Benefits $167,848

Fundraising Expenses $0

Other Expenses $52,620

TOTAL EXPENSES $220,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,286	$204,008	+0.1%
Expenses	$220,493	$196,091	+0.1%
Net Income	$1,793	$7,917	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK BABCOCK	TRUSTEE	0.50	Director	$0	$0	$0
SUE BROCK	TRUSTEE	0.50	Director	$0	$0	$0
TAMMARA HUDSON	TRUSTEE	0.50	Director	$0	$0	$0
KATHY MERCHANT	TRUSTEE	0.50	Director	$0	$0	$0
KEVIN SCHOOLEY	TRUSTEE	0.50	Director	$0	$0	$0
BRAD ADAMSON	CHAIR	0.50	Officer	$0	$0	$0
GLENN COWLES	TREASURER	0.50	Officer	$0	$0	$0
KRISSY LARSON	SECRETARY	0.50	Officer	$0	$0	$0
LAUREN UNDERWOOD	VICE-CHAIR	0.50	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	No data	No data	No data	No data
2023	$222,286	$220,493	$252,771	$1,793
2022	$204,008	$196,091	$240,360	$7,917
2021	$202,939	$204,896	$252,285	$-1,957
2020	$148,138	$166,089	$258,877	$-17,951
2019	$219,196	$216,580	$271,315	$2,616
2018	$213,603	$210,644	$259,656	$2,959

SOUTH HAVEN AREA CHAMBER OF COMMERCE