LIVONIA CHAMBER OF COMMERCE

EIN: 381654593

LIVONIA, MI

Total Revenue
$875,891
Total Expenses
$932,876
Total Assets
$801,338
Net Assets
$545,806
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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
1950
Legal Domicile
MI
Phone
7344272122
Tax Period
2024-02-01 to 2025-01-31

LIVONIA CHAMBER OF COMMERCE, founded in 1950, is a small nonprofit that reported $876K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

PROVIDE BUSINESS ACTIVITIES, PROGRAMS AND INFORMATION TO THE LIVONIA & WESTLAND COMMUNITIES

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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 $0
Program Service Revenue $836,519
Investment Income $22,380
Other Revenue $16,992
TOTAL REVENUE $875,891

Expense Breakdown

Grants Paid $20,871
Salaries & Benefits $453,008
Fundraising Expenses $0
Other Expenses $458,997
TOTAL EXPENSES $932,876

Year-over-Year Comparison

2024 2023 Change
Revenue $875,891 $792,886 +0.1%
Expenses $932,876 $757,839 +0.2%
Net Income $-56,985 $35,047 -2.6%
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
28
Independent Members
27
Employees
5
Volunteers
60

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
7
$245,359
Total Directors
31
$158,979
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT & 40.00
Officer Director
$154,856 $4,123 $158,979
DAWNNE SMITH CHIEF DEVELO 40.00
Officer
$83,788 $2,592 $86,380
VAN NGUYEN CHAIR 1.00
Officer Director
$0 $0 $0
BRANDON GRYSKO CHAIR ELECT 1.00
Officer Director
$0 $0 $0
KEFENTSE MANDISA EXEC COM VI 1.00
Officer Director
$0 $0 $0
CAROL ZUNIGA EXEC COM VIC 1.00
Officer Director
$0 $0 $0
DANIELLE STRACHAN EXEC COM TRE 1.00
Officer Director
$0 $0 $0
TED BARKER BOARD MEMBE 1.00
Director
$0 $0 $0
STEPHANIE ROEHL BLATT BOARD MEMBE 1.00
Director
$0 $0 $0
SHANNON BROCHU BOARD MEMBER 1.00
Director
$0 $0 $0
ED BUISON BOARD MEMBER 1.00
Director
$0 $0 $0
SHARON CHRISTIAN BOARD MEMBER 1.00
Director
$0 $0 $0
VERONICA CRUZ BOARD MEMBER 1.00
Director
$0 $0 $0
DEBBIE DEANGELO BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN GARDNER BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX GARZA BOARD MEMBER 1.00
Director
$0 $0 $0
SANDE GODBOUT BOARD MEMBER 1.00
Director
$0 $0 $0
STACY JENKINS BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA KAROLAK BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA KATERS BOARD MEMBER 1.00
Director
$0 $0 $0
DAN LIABLE BOARD MEMBER 1.00
Director
$0 $0 $0
KATE MCCARTY BOARD MEMBER 1.00
Director
$0 $0 $0
LISA MININNI BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA MITTER BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA REINERS BOARD MEMBER 1.00
Director
$0 $0 $0
SUE SABO BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN SANBORN BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE VARGA BOARD MEMBER 1.00
Director
$0 $0 $0
JASON VERLINDE BOARD MEMBER 1.00
Director
$0 $0 $0
JOEL WHEATON BOARD MEMBER 1.00
Director
$0 $0 $0
DAN CORBY FORMER BOARD 1.00
Director
$0 $0 $0
PERRMELLA HARRIS FORMER BOARD 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
2025 $875,891 $932,876 $801,338 $-56,985
2024 $792,886 $757,839 $639,273 $35,047
2023 $690,668 $684,385 $614,722 $6,283
2022 $674,892 $637,946 $518,845 $36,946
2021 $432,298 $480,159 $481,345 $-47,861
2020 $609,911 $555,085 $478,632 $54,826
2019 $563,293 $513,058 $406,580 $50,235
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