TAWAS AREA CHAMBER OF COMMERCE (EIN 381281803) - Form 990 Financial Analysis & Trantor Score

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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

1947

Legal Domicile

Principal Officer

KEITH FRANK

Phone

9893628643

Tax Period

2023-01-01 to 2023-12-31

TAWAS AREA CHAMBER OF COMMERCE, founded in 1947, is a small nonprofit that reported $109K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

COMMERCE PROMOTION FOR MEMBERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,655

Program Service Revenue $46,643

Investment Income $52

Other Revenue $60,847

TOTAL REVENUE $109,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,057

Fundraising Expenses $0

Other Expenses $50,980

TOTAL EXPENSES $120,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,197	$127,865	-0.1%
Expenses	$120,037	$119,707	+0.0%
Net Income	$-10,840	$8,158	-2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT BARRINGER	TRUSTEE	1.00	Director	$0	$0	$0
SANDI BRADLEY	SECRETARY	1.00	Director	$0	$0	$0
RICHARD CASTLE	TRUSTEE	1.00	Director	$0	$0	$0
LISA ERNST	TREASURER	2.00	Officer Director	$0	$0	$0
MARK FERGUSON	TRUSTEE	1.00	Officer Director	$0	$0	$0
KEITH FRANK	PRESIDENT	3.00	Officer Director	$0	$0	$0
ANNGE HORNING	VICE PRESIDE	1.00	Director	$0	$0	$0
JOHN KLINGER	TRUSTEE	1.00	Director	$0	$0	$0
TRACY STEVELINCK	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$109,197	$120,037	$166,445	$-10,840
2022	$127,865	$119,707	$182,888	$8,158
2021	$121,009	$93,576	$175,255	$27,433
2020	$118,891	$88,980	$158,099	$29,911
2019	$125,992	$117,907	$131,541	$8,085
2018	$18,384	$133,387	$132,854	$-115,003

TAWAS AREA CHAMBER OF COMMERCE