Boyne Area Chamber of Commerce Inc (EIN 381421641) - 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

2004

Legal Domicile

Phone

2315826222

Tax Period

2023-01-01 to 2023-12-31

Boyne Area Chamber of Commerce Inc, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $267K in total revenue in fiscal year 2023. Expenses of $241K left a modest 10% surplus.

Mission

Advancing the economic, industrial, professional, cultural and civic welfare of the Boyne City area.

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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 $36,883

Program Service Revenue $219,912

Investment Income $82

Other Revenue $10,490

TOTAL REVENUE $267,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,129

Fundraising Expenses $0

Other Expenses $110,328

TOTAL EXPENSES $241,457

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,367	N/A	N/A
Expenses	$241,457	N/A	N/A
Net Income	$25,910	N/A	N/A

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	Role	Reportable Comp	Other Comp	Total
Ingrid Day	President	Officer Director	$0	$0	$0
Shari Culver	Vice President	Officer Director	$0	$0	$0
Lisa Furguson	Director	Director	$0	$0	$0
Brian Kozminski	Director	Director	$0	$0	$0
Patrick Patoka	Director	Director	$0	$0	$0
Larry Taylor	Treasurer	Officer Director	$0	$0	$0
Matthew Rader	Secretary	Officer Director	$0	$0	$0
MaryAnn Mahaney	Director	Director	$0	$0	$0
Erik Miller	Director	Director	$0	$0	$0
James Richman	Director	Director	$0	$0	$0
Monica Peck	Director	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	$267,367	$241,457	$109,641	$25,910
2020	$198,157	$174,172	$139,476	$23,985
2019	$198,811	$224,539	$109,162	$-25,728
2018	$208,983	$194,818	$137,242	$14,165

Boyne Area Chamber of Commerce Inc