MICHIGAN CHAMBER OF COMMERCE

EIN: 381626029

LANSING, MI

Total Revenue
$5,572,053
Total Expenses
$4,953,894
Total Assets
$7,868,901
Net Assets
$5,285,956
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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
1959
Legal Domicile
MI
Principal Officer
JAMES HOLCOMB
Phone
5173712100
Tax Period
2024-07-01 to 2025-06-30

MICHIGAN CHAMBER OF COMMERCE, founded in 1959, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $5.0M left a modest 11% surplus.

Mission

TO PROMOTE CONDITIONS FAVORABLE TO JOB CREATION AND BUSINESS SUCCESS IN MICHIGAN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $753,638
Program Service Revenue $4,616,151
Investment Income $91,148
Other Revenue $111,116
TOTAL REVENUE $5,572,053

Expense Breakdown

Grants Paid $571,902
Salaries & Benefits $2,418,419
Fundraising Expenses $0
Other Expenses $1,963,573
TOTAL EXPENSES $4,953,894

Year-over-Year Comparison

2024 2023 Change
Revenue $5,572,053 $4,476,129 +0.2%
Expenses $4,953,894 $4,510,243 +0.1%
Net Income $618,159 $-34,114 -19.1%
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

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Governance

Voting Members
40
Independent Members
39
Employees
36
Volunteers
631

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
11
$556,409
Total Directors
81
$556,409
Key Employees
1
$256,412
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES HOLCOMB PRESIDENT & CEO 34.00
Officer Director
$508,998 $47,411 $556,409
ARLENE ANDERSON-VINCENT DIRECTOR 0.10
Director
$0 $0 $0
TINA BENVENUTI SULLIVAN DIRECTOR 0.10
Director
$0 $0 $0
MATT BUCKLEY DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
CARRIE CHELKO DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
TROY CUMMINGS DIRECTOR 0.10
Director
$0 $0 $0
STEVEN DAVIS DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
WILLIAM DEARY DIRECTOR 0.10
Director
$0 $0 $0
AMY DEHNER DIRECTOR 0.10
Director
$0 $0 $0
DAVID DOYLE DIRECTOR 0.10
Director
$0 $0 $0
SCOTT ELLIS DIRECTOR 0.10
Director
$0 $0 $0
JARED FLEISHER DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
JOHN GARVIN DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
STEPHANIE HAAS DIRECTOR 0.10
Director
$0 $0 $0
BRAD HANTLER DIRECTOR 0.10
Director
$0 $0 $0
BRYAN HARRISON DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
ELENA HESSE DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
SEAN HOLLISTER DIRECTOR 0.10
Director
$0 $0 $0
JEREMY HOLMES DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
PETER HOLRAN DIRECTOR 0.10
Director
$0 $0 $0
TODD HONEYCUTT DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
SHAUN JOHNSON DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
BRAD KEEN DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
TOM KESSEL DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
DON KIRKLAND DIRECTOR 0.10
Director
$0 $0 $0
COURTNEY KISSEL DIRECTOR 0.10
Director
$0 $0 $0
JOHN KOEGEL DIRECTOR 0.10
Director
$0 $0 $0
PAVEL KONECNY DIRECTOR 0.10
Director
$0 $0 $0
NICK KOWALCZYK DIRECTOR 0.10
Director
$0 $0 $0
TREVOR LAUER DIRECTOR 0.10
Director
$0 $0 $0
THOMAS LEONARD DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
JIM LILLY DIRECTOR 0.10
Director
$0 $0 $0
MARTIN MANNA DIRECTOR 0.10
Director
$0 $0 $0
JAKE MANTHEI DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
CHARLES MARSHALL DIRECTOR 0.10
Director
$0 $0 $0
ZACHARY MARTIN DIRECTOR 0.10
Director
$0 $0 $0
REUBEN MAXBAUER DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
DENNIS MCCARTHY DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
ERIN MCDONOUGH DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
STEVE MITCHELL DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
ROBERT NORTON DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
CHAD NYBOER DIRECTOR 0.10
Director
$0 $0 $0
MAGGIE PALLONE DIRECTOR 0.10
Director
$0 $0 $0
ELEANOR REECE DIRECTOR 0.10
Director
$0 $0 $0
TONY REINHART DIRECTOR 0.10
Director
$0 $0 $0
LORRI RISHAR DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
PETER RUDDELL DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
SCOTT RYAN DIRECTOR 0.10
Director
$0 $0 $0
NICK SHELTON DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
DAVID SOWERBY DIRECTOR 0.10
Director
$0 $0 $0
JEFF STOUTENBURG DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
RYAN TARRANT DIRECTOR 0.10
Director
$0 $0 $0
TYLER THEILE DIRECTOR 0.10
Director
$0 $0 $0
JOHN TRUSCOTT DIRECTOR 0.10
Director
$0 $0 $0
JOHN VAN FOSSEN DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
WILLIAM WOODBURY DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
MICHAEL COX DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
MATTHEW ACKERMAN DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
KEVIN CRAWLEY DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
KELLY OTT DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
JOYCE CHAN RUSSELL DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
JASE BOLGER DIRECTOR 0.10
Director
$0 $0 $0
GREGOIRE MICHAUD DIRECTOR 0.10
Director
$0 $0 $0
DEV GANGULY DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
DENICE LEVASSEUR DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
BRETT FRENCH DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
ARTHUR HAVLICEK DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
WAYNE BRONNER DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
SIMON WHITELOCKE DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
SARA YOUNG DIRECTOR 0.10
Director
$0 $0 $0
ANGELA MCBRIDE DIRECTOR (ENDED 12/24) 0.10
Director
$0 $0 $0
JOHN ROBERTS TREASURER (ENDED 12/24) 0.10
Officer Director
$0 $0 $0
LYNN GANDHI VICE CHAIR (ENDED 12/24) 0.10
Officer Director
$0 $0 $0
MARK LOCKWOOD VICE CHAIR 0.10
Officer Director
$0 $0 $0
ROBERT MANNES VICE CHAIR 0.10
Officer Director
$0 $0 $0
JOHN MELCHER VICE CHAIR 0.10
Officer Director
$0 $0 $0
DEBORAH MUCHMORE VICE CHAIR (ENDED 12/24) 0.10
Officer Director
$0 $0 $0
HERBERT SPENCE VICE CHAIR 0.10
Officer Director
$0 $0 $0
KURTIS WILDER VICE CHAIR 0.10
Officer Director
$0 $0 $0
DAVID LEWIS CHAIR (ENDED 12/24) 0.10
Officer Director
$0 $0 $0
MIKE PUERNER IMMEDIATE PAST CHAIR 0.10
Officer Director
$0 $0 $0
ROBERT THOMAS COO 40.00
Key Emp
$227,472 $28,940 $256,412
GWENDOLYN BLOCK VP BUSINESS ADVOCACY/MEMBER ENGAGEMENT 40.00
Highest
$241,472 $34,209 $275,681
JASON RUSSELL SENIOR DIRECTOR, INSURANCE SOLUTIONS 40.00
Highest
$192,796 $17,280 $210,076
AMANDA TOY VP, MEMBERSHIP & PARTNERSHIPS 40.00
Highest
$195,631 $26,225 $221,856
BECKY BURTKA VP, MEMBER ENGAGEMENT 40.00
Highest
$142,388 $19,063 $161,451
SARA WURFEL CHIEF COMMUNICATIONS AND MARKETING OFFICER 40.00
Highest
$148,048 $19,592 $167,640
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 $5,572,053 $4,953,894 $7,868,901 $618,159
2024 $4,476,129 $4,510,243 $7,929,440 $-34,114
2023 $7,599,809 $7,693,312 $8,183,114 $-93,503
2022 $4,561,982 $4,210,972 $7,908,250 $351,010
2021 $6,472,024 $6,089,753 $7,753,978 $382,271
2020 $4,672,628 $4,454,628 $7,312,611 $218,000
2019 $6,745,059 $7,377,439 $7,583,776 $-632,380
2018 $5,151,591 $5,030,781 $8,271,859 $120,810
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