CHARLEVOIX 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

1958

Principal Officer

SARAH VAN HORN

Phone

2315472101

Tax Period

2024-01-01 to 2024-12-31

CHARLEVOIX AREA CHAMBER OF COMMERCE, founded in 1958, is a small nonprofit that reported $356K in total revenue in fiscal year 2024.

Mission

TO PROVIDE COMMUNITY SUPPORT AND ECONOMIC DEVELOPMENT

Program Service Accomplishments

Program 1

THE CHAMBER SPONSORS VARIOUS COMMUNITY AND EDUCATIONAL EVENTS AND SUPPORTS BUSINESSES BY PROVIDING OPPORTUNITIES FOR INTERACTIONS WITH THE PUBLIC AND OTHER BUSINESS 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 (2024)

Revenue Breakdown

Contributions & Grants $122,437

Program Service Revenue $129,644

Investment Income $1,217

Other Revenue $102,821

TOTAL REVENUE $356,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,214

Fundraising Expenses $0

Other Expenses $208,361

TOTAL EXPENSES $389,575

Year-over-Year Comparison

	2024	2023	Change
Revenue	$356,119	$368,055	0.0%
Expenses	$389,575	$345,049	+0.1%
Net Income	$-33,456	$23,006	-2.5%

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

N/A

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

$65,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH VAN HORN	PRESIDENT	40.00	Officer	$65,025	$0	$65,025
JEFF ANDERSON	DRECTOR	N/A	Director	$0	$0	$0
SETH ARNOLD	DIRECTOR	N/A	Director	$0	$0	$0
COREY BASCOM	TREASURER	N/A	Officer Director	$0	$0	$0
BRETT BINKLEY	CHAIR OF BOA	N/A	Director	$0	$0	$0
CODY CRAIN	DIRECTOR	N/A	Director	$0	$0	$0
RYAN DEERY	PAST CHAIR O	N/A	Officer Director	$0	$0	$0
ABBIE HART	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW KAVANAUGH	DIRECTOR	N/A	Director	$0	$0	$0
KENT KNORR	DIRECTOR	N/A	Director	$0	$0	$0
TIM MCQUEER	DIRECTOR	N/A	Director	$0	$0	$0
AMBER PARSONS	DIRECTOR	N/A	Director	$0	$0	$0
MIKE SIMPSON	DIRECTOR	N/A	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	$356,119	$389,575	$250,129	$-33,456
2023	$368,055	$345,049	$271,484	$23,006
2022	$362,474	$337,083	$255,335	$25,391
2021	$331,138	$290,549	$223,203	$40,589
2020	$217,215	$213,322	$164,484	$3,893
2019	$295,025	$268,967	$153,075	$26,058
2018	$302,140	$281,039	$151,652	$21,101