SOUTHWEST MICHIGAN REGIONAL CHAMBER OF COMMERCE

EIN: 381443478

ST JOSEPH, MI

Total Revenue
$350,510
Total Expenses
$437,671
Total Assets
$275,840
Net Assets
$206,378
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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
1954
Legal Domicile
MI
Principal Officer
ARTHUR HAVLICEK
Phone
2699324042
Tax Period
2023-01-01 to 2023-12-31

SOUTHWEST MICHIGAN REGIONAL CHAMBER OF COMMERCE, founded in 1954, is a small nonprofit that reported $351K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $438K exceeded revenue, resulting in a 25% operating deficit.

Mission

MEMBER DRIVEN ORGANIZATION WORKING TO ACHIEVE ECONOMY PROSPERITY THROUGHOUT THE REGION. IT'S MISSION IS TO LEVERAGE EVERY AVAILABLE RESOURCE WITHIN OUT NETWORK FOR THE ADVANCEMENT OF OUR MEMBERS AND THE BETTERMENT OF ALL WHO LIVE IN OUR COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $305,695
Investment Income $0
Other Revenue $44,815
TOTAL REVENUE $350,510

Expense Breakdown

Grants Paid $0
Salaries & Benefits $243,722
Fundraising Expenses $0
Program Expenses $367,205
Other Expenses $193,949
TOTAL EXPENSES $437,671

Year-over-Year Comparison

2023 2022 Change
Revenue $350,510 $303,627 +0.2%
Expenses $437,671 $414,894 +0.1%
Net Income $-87,161 $-111,267 -0.2%
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
14
Independent Members
14
Employees
3
Volunteers
14

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
5
$97,306
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARTHUR HAVLICEK PRESIDENT & CEO 49.00
Officer
$92,306 $5,000 $97,306
MARK LEMOINE CHAIR 1.00
Officer Director
$0 $0 $0
OLIVIA STARKS VICE-CHAIR 1.00
Officer Director
$0 $0 $0
BRUCE PIEKARSKI TREASURER 1.00
Officer Director
$0 $0 $0
DAVID COSTAS SECRETARY 1.00
Officer Director
$0 $0 $0
GRETA PEARSON-BARRONS MEMBER 1.00
Director
$0 $0 $0
ROBERT CLARK MEMBER 1.00
Director
$0 $0 $0
MATT DERBY MEMBER 1.00
Director
$0 $0 $0
ZACK EAST MEMBER 1.00
Director
$0 $0 $0
DR JIM GENDERNALIK DO MEMBER 1.00
Director
$0 $0 $0
MONA LIVINGSTON MEMBER 1.00
Director
$0 $0 $0
THOMAS NORBEY II MEMBER 1.00
Director
$0 $0 $0
SOROYA PIERRE-VANARTSEN MEMBER 1.00
Director
$0 $0 $0
ELEANOR REECE MEMBER 1.00
Director
$0 $0 $0
RON SORCE MEMBER 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 $350,510 $437,671 $275,840 $-87,161
2022 $303,627 $414,894 $321,424 $-111,267
2021 $317,150 $365,406 $420,758 $-48,256
2020 $248,774 $291,281 $469,689 $-42,507
2019 $306,486 $369,745 $506,489 $-63,259
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