GREATER MACKINAW CITY CHAMBER OF COMMERCE (EIN 382080712) - Form 990 Financial Analysis & Trantor Score

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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

1955

Legal Domicile

Principal Officer

MICHELLE WALK

Phone

2314365574

Tax Period

2024-01-01 to 2024-12-31

GREATER MACKINAW CITY CHAMBER OF COMMERCE, founded in 1955, is a small nonprofit that reported $180K in total revenue in fiscal year 2024. The organization ran a surplus of $54K, a strong 30% operating margin.

Mission

To promote member businesses through various events & advertising campaigns

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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 $63,653

Program Service Revenue $63,243

Investment Income $4,223

Other Revenue $48,435

TOTAL REVENUE $179,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,357

Fundraising Expenses $0

Program Expenses $124,295

Other Expenses $50,948

TOTAL EXPENSES $125,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,554	$179,435	+0.0%
Expenses	$125,305	$134,187	-0.1%
Net Income	$54,249	$45,248	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY RANVILLE	DIRECTOR	5.00	Director	$0	$0	$0
ELLIE JOLES	DIRECTOR	5.00	Director	$0	$0	$0
DAN MCDONOUGH	DIRECTOR	5.00	Director	$0	$0	$0
MICHELLE WALK	PRESIDENT	10.00	Officer	$0	$0	$0
SHARON ZULSKI	VICE PRESIDENT	5.00	Officer	$0	$0	$0
JESSE WALDIE	TREASURER	5.00	Officer	$0	$0	$0
MATT COOLEY	SECRETARY	5.00	Officer	$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	$179,554	$125,305	$285,067	$54,249
2023	$153,735	$132,281	$201,619	$21,454
2023	$179,435	$134,187	$235,734	$45,248
2022	$145,664	$122,037	$176,173	$23,627
2021	$111,314	$94,685	$180,268	$16,629
2020	$147,871	$117,205	$154,923	$30,666
2019	$140,398	$129,021	$113,998	$11,377

GREATER MACKINAW CITY CHAMBER OF COMMERCE