ST IGNACE AREA CHAMBER OF COMMERCE (EIN 381525853) - 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

2018

Legal Domicile

Principal Officer

AIMEE WILLIFORD

Phone

9066438717

Tax Period

2025-01-01 to 2025-12-31

ST IGNACE AREA CHAMBER OF COMMERCE, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $100K in total revenue in fiscal year 2025. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $124K exceeded revenue, resulting in a 23% operating deficit.

Mission

WORKING TO ENHANCE BUSINESSES BY BUILDING COALITIONS TO BUILD PRIDE AND PROMOTE THE ST. IGNACE AREA AS A GREAT PLACE TO LIVE, WORK, VISIT AND DO BUSINESS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $71,361

Program Service Revenue $29,000

Investment Income $33

Other Revenue $9

TOTAL REVENUE $100,403

Expense Breakdown

Grants Paid $1,100

Salaries & Benefits $72,958

Fundraising Expenses $0

Program Expenses $101,601

Other Expenses $49,824

TOTAL EXPENSES $123,882

Year-over-Year Comparison

	2025	2024	Change
Revenue	$100,403	$146,253	-0.3%
Expenses	$123,882	$150,084	-0.2%
Net Income	$-23,479	$-3,831	+5.1%

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

$47,163

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLE GROVE	EXECUTIVE DI	40.00	Officer	$47,163	$0	$47,163
SAMANTHA BELONGA	DIRECTOR	1.00	Director	$0	$0	$0
KYLE BROW	DIRECTOR	1.00	Officer Director	$0	$0	$0
LANCE DEKEYSER	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA GARLOCK	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BOB GILLION	TREASURER	1.00	Officer Director	$0	$0	$0
TERRI HILL	DIRECTOR	1.00	Director	$0	$0	$0
CATHY LAMB	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE LITZNER	DIRECTOR	1.00	Director	$0	$0	$0
JAIME SMITH	DIRECTOR	1.00	Director	$0	$0	$0
AIMEE WILLIFORD	PRESIDENT	1.00	Officer 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
2025	$100,403	$123,882	$182,306	$-23,479
2024	$146,253	$150,084	$215,394	$-3,831
2023	$144,211	$158,787	$231,301	$-14,576
2022	$148,966	$150,389	$256,266	$-1,423
2021	$157,880	$120,803	$258,147	$37,077
2020	$129,687	$104,307	$227,303	$25,380
2019	$153,345	$161,965	$167,957	$-8,620

ST IGNACE AREA CHAMBER OF COMMERCE