HOWELL 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

1949

Legal Domicile

Principal Officer

JANELLE SMITH

Phone

5175463920

Tax Period

2023-01-01 to 2023-12-31

HOWELL AREA CHAMBER OF COMMERCE, founded in 1949, is a small nonprofit that reported $784K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

AS A MEMBERSHIP ORGANIZATION, THE CHAMBER FOSTERS, SUPPORTS AND IS A CATALYST FOR A STRONG AND DIVERSE BUSINESS BASE THROUGH PROGRAMS THAT PROMOTE A VIABLE BUSINESS ENVIRONMENT; A HIGH QUALITY OF LIFE; AND AN EXCEPTIONAL COMMUNITY IN THE HOWELL AREA.

Program Service Accomplishments

Program 1

Expenses: $192,241 Revenue: $296,670

MICHIGAN CHALLENGE BALLOON FEST - A SPECIAL EVENT CREATED TO SHOWCASE AND PROMOTE THE HOWELL AREA COMMUNITY THROUGH FAMILY ACTIVITIES.

Program 2

Expenses: $62,264 Revenue: $173,297

SPECIAL PROJECTS CONSISTING OF: 1) ANNUAL DINNER 2) EDUCATIONAL AND BUSINESS MEETINGS 3) FARMER'S MARKET 4) SEMINARS 5) GOLF OUTING 6) HOME SHOW EXPENSE DESIGNED TO PROVIDE OPPORTUNITIES FOR LOCAL...

SPECIAL PROJECTS CONSISTING OF: 1) ANNUAL DINNER 2) EDUCATIONAL AND BUSINESS MEETINGS 3) FARMER'S MARKET 4) SEMINARS 5) GOLF OUTING 6) HOME SHOW EXPENSE DESIGNED TO PROVIDE OPPORTUNITIES FOR LOCAL BUSINESS PEOPLE TO MEET AND NETWORK IN A CASUAL SETTING. THESE EVENTS FOSTER THE DEVELOPMENT OF THE BUSINESS COMMUNITY IN THE HOWELL AREA.

Program 3

Expenses: $262,144 Revenue: $307,941

MEMBERSHIP PROGRAMS INCLUDE OPPORTUNITIES FOR MARKETING AND EXPOSURE; NETWORKING EVENTS; EDUCATIONAL OPPORTUNITIES; DISCOUNTS OF PRODUCT AND SERVICES IN THE HOWELL AREA; AND CHAMBER GUIDE.

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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 $0

Program Service Revenue $777,908

Investment Income $2,074

Other Revenue $4,043

TOTAL REVENUE $784,025

Expense Breakdown

Grants Paid $0

Salaries & Benefits $325,347

Fundraising Expenses $0

Program Expenses $516,649

Other Expenses $464,276

TOTAL EXPENSES $789,623

Year-over-Year Comparison

	2023	2022	Change
Revenue	$784,025	$675,486	+0.2%
Expenses	$789,623	$658,196	+0.2%
Net Income	$-5,598	$17,290	-1.3%

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

$115,426

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANELLE SMITH	PRESIDENT	50.00	Officer	$115,426	$0	$115,426
ANDREA DAHLINE	CHAIR	0.50	Officer	$0	$0	$0
GEOF GREENEISEN	VICE CHAIR	0.50	Officer	$0	$0	$0
PATTI GRIFFITH	PAST CHAIR	0.50	Officer	$0	$0	$0
MARCIA GEBAROWSKI	SECRETARY	0.50	Officer	$0	$0	$0
NICOLE DOMITROVICH	TREASURER	0.50	Officer	$0	$0	$0
ALAN SHEVELA	DIRECTOR	0.50	Director	$0	$0	$0
JOHN SCOTTA	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD LIM	DIRECTOR	0.50	Director	$0	$0	$0
DAVE YANCHO	DIRECTOR	0.50	Director	$0	$0	$0
SUZY MURPHY	DIRECTOR	0.50	Director	$0	$0	$0
DENNIS PERKINS	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN POMINVILLE	DIRECTOR	0.50	Director	$0	$0	$0
HOLLY WARD-LAMB	DIRECTOR	0.50	Director	$0	$0	$0
ANTHONY CORATTI	DIRECTOR	0.50	Director	$0	$0	$0
ANNE RENNIE	DIRECTOR	0.50	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	$784,025	$789,623	$441,044	$-5,598
2022	$675,486	$658,196	$447,644	$17,290
2021	$494,981	$474,428	$439,936	$20,553
2020	$371,816	$434,716	$447,766	$-62,900
2019	$911,115	$871,673	$274,601	$39,442
2018	$819,644	$821,153	$281,190	$-1,509