GREATER BRIGHTON AREA CHAMBER OF COMMERCE

EIN: 382016858

BRIGHTON, MI

Total Revenue
$664,596
Total Expenses
$780,398
Total Assets
$704,179
Net Assets
$380,281
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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
1972
Legal Domicile
MI
Principal Officer
PAM MCCONEGHY
Phone
8102275086
Tax Period
2023-01-01 to 2023-12-31

GREATER BRIGHTON AREA CHAMBER OF COMMERCE, founded in 1972, is a small nonprofit that reported $665K in total revenue in fiscal year 2023. Expenses of $780K exceeded revenue, resulting in a 17% operating deficit.

Mission

PROMOTE OPPORTUNITIES FOR A PROSPEROUS 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 $0
Program Service Revenue $246,585
Investment Income $3,996
Other Revenue $414,015
TOTAL REVENUE $664,596

Expense Breakdown

Grants Paid $0
Salaries & Benefits $415,477
Fundraising Expenses $234,569
Other Expenses $364,921
TOTAL EXPENSES $780,398

Year-over-Year Comparison

2023 2022 Change
Revenue $664,596 $652,210 +0.0%
Expenses $780,398 $687,354 +0.1%
Net Income $-115,802 $-35,144 +2.3%
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
16
Independent Members
16
Employees
6
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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAM MCCONEGHY PRESIDENT N/A
Highest
$113,802 $11,970 $125,772
DAVE JOHNSON DIRECTOR N/A
Director
$0 $0 $0
MATTHEW SOVA TREASURER N/A
Officer
$0 $0 $0
DAN MULVIHILL DIRECTOR N/A
Director
$0 $0 $0
RICK BEAUDIN DIRECTOR N/A
Director
$0 $0 $0
JIMMIE PLASKEY SECRETARY N/A
Officer
$0 $0 $0
JOHN O'MALLEY DIRECTOR N/A
Director
$0 $0 $0
DAVID NORMAN DIRECTOR N/A
Director
$0 $0 $0
TINA JACKSON DIRECTOR N/A
Director
$0 $0 $0
JOHN CUETER DIRECTOR N/A
Director
$0 $0 $0
KATE LAWRENCE CHAIR N/A
Officer
$0 $0 $0
DAVID SNODGRASS PAST CHAIR N/A
Officer
$0 $0 $0
MOLLY MACDONALD-FOSTER DIRECTOR N/A
Director
$0 $0 $0
JAMES HOGAN DIRECTOR N/A
Director
$0 $0 $0
ROB JOHNSON VICE CHAIR N/A
Officer
$0 $0 $0
LINDA SUTER DIRECTOR N/A
Director
$0 $0 $0
JR ATIYEH 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $664,596 $780,398 $704,179 $-115,802
2022 $652,210 $687,354 $848,228 $-35,144
2021 $577,960 $487,333 $905,401 $90,627
2020 $444,100 $376,028 $800,754 $68,072
2019 $809,167 $770,944 $593,494 $38,223
2018 $800,781 $779,558 $575,420 $21,223
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