Lapeer Area Chamber of Commerce

EIN: 381225498

Lapeer, MI

Total Revenue
$165,749
Total Expenses
$160,828
Total Assets
$263,170
Net Assets
$226,712
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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

Legal Domicile
MI
Principal Officer
MICHELE PERRY
Phone
8106646641
Tax Period
2022-01-01 to 2022-12-31

Lapeer Area Chamber of Commerce is a small nonprofit that reported $166K in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

THE LAPEER AREA CHAMBER OF COMMERCE IS COMMITTED TO CONTINOUSLY PROMOTING FOSTERING THE BUSINESS CLIMATE TO ENHANCE THE QUAILITY

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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 (2022)

Revenue Breakdown

Contributions & Grants $78,390
Program Service Revenue $0
Investment Income $1,903
Other Revenue $85,456
TOTAL REVENUE $165,749

Expense Breakdown

Grants Paid $0
Salaries & Benefits $102,377
Fundraising Expenses $0
Other Expenses $58,451
TOTAL EXPENSES $160,828

Year-over-Year Comparison

2022 2021 Change
Revenue $165,749 $208,801 -0.2%
Expenses $160,828 $145,404 +0.1%
Net Income $4,921 $63,397 -0.9%
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
N/A
Employees
3
Volunteers
75

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
0
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEDA PAYNE EXECUTIVE DIRECTOR N/A
Key Emp
$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
2022 $165,749 $160,828 $263,170 $4,921
2021 $208,801 $145,404 $261,169 $63,397
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