WESTLAND CHAMBER OF COMMERCE

EIN: 381752723

LIVONIA, MI

Total Revenue
$95,269
Total Expenses
$117,794
Total Assets
$242,987
Net Assets
$242,463
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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
1962
Legal Domicile
MI
Principal Officer
KIERSTEN BECKWITH
Phone
7343267222
Tax Period
2023-01-01 to 2023-12-31

WESTLAND CHAMBER OF COMMERCE, founded in 1962, is a micro nonprofit that reported $95K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $118K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE MISSION OF THE WESTLAND CHAMBER OF COMMERCE IS TO SUPPORT, STIMULATE, STRENGTHEN AND ASSIST IN THE GROWTH OF THE BUSINESS 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 $31,300
Program Service Revenue $13,350
Investment Income $11
Other Revenue $50,608
TOTAL REVENUE $95,269

Expense Breakdown

Grants Paid $24,856
Salaries & Benefits $64,516
Fundraising Expenses $0
Other Expenses $28,422
TOTAL EXPENSES $117,794

Year-over-Year Comparison

2023 2022 Change
Revenue $95,269 $190,306 -0.5%
Expenses $117,794 $152,308 -0.2%
Net Income $-22,525 $37,998 -1.6%
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
9
Independent Members
9
Employees
5
Volunteers
30

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
4
$48,548
Total Directors
9
$0
Key Employees
1
$48,548
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIERSTEN BECKWITH PRESIDENT 40.00
Officer Key Emp Highest
$48,548 $0 $48,548
DANIELLE STRACHAN CHAIRMAN 8.00
Officer Director
$0 $0 $0
HILLARY STONE TREASURER 4.00
Officer Director
$0 $0 $0
SANDE GODBOUT SECRETARY 4.00
Officer Director
$0 $0 $0
MARIA MITTER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MCNAMARA DIRECTOR 1.00
Director
$0 $0 $0
AMANDA APFELBLAT DIRECTOR 1.00
Director
$0 $0 $0
RICARDO SEIR DIRECTOR 1.00
Director
$0 $0 $0
MONICA SHARF DIRECTOR 1.00
Director
$0 $0 $0
JEN KORALEWSKI DIRECTOR 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
2023 $95,269 $117,794 $242,987 $-22,525
2022 $190,306 $152,308 $286,925 $37,998
2021 $157,947 $125,521 $249,854 $32,426
2019 $193,378 $185,464 $213,789 $7,914
2018 $189,175 $159,907 $205,952 $29,268
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