WOMEN'S DIVISION CHAMBER OF COMMER… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

MARY SUAREZ

Phone

2317503251

Tax Period

2024-06-01 to 2025-05-31

WOMEN'S DIVISION CHAMBER OF COMMERCE, founded in 1991, is a small nonprofit that reported $399K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

ACTIVITIES TO CREATE CIVIC CONSCIOUSNESS & ENCOURAGE/AID COMMUNITY DEVELOPMENT, IDEA EXCHANGE, WOMEN'S ORGS NETWORKING AND GOVERNMENT PARTICIPATION.

Program Service Accomplishments

Program 1

Expenses: $6,000

SCHOLARSHIPS TO LOCAL HIGH SCHOOL STUDENTS

Program 2

Expenses: $336,515

ASSISTANCE AND AID TO ORGANIZATIONS ENGAGED IN HEALTH AND HUMAN SERVICES IN THE MUSKEGON 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $37,054

Investment Income $853

Other Revenue $360,747

TOTAL REVENUE $398,654

Expense Breakdown

Grants Paid $342,515

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $342,515

Other Expenses $58,991

TOTAL EXPENSES $401,506

Year-over-Year Comparison

	2024	2023	Change
Revenue	$398,654	$305,448	+0.3%
Expenses	$401,506	$309,480	+0.3%
Net Income	$-2,852	$-4,032	-0.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

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	Role	Reportable Comp	Other Comp	Total
ANNETTE REAM	DIRECTOR	Director	$0	$0	$0
BETTY KINNEY	DIRECTOR	Director	$0	$0	$0
BONNIE BROWN	DIRECTOR	Director	$0	$0	$0
BONNIE NOLAN	DIRECTOR	Director	$0	$0	$0
CINDY TIMMERMAN	VICE PRESIDENT	Officer Director	$0	$0	$0
ERIN VEANDERWIER	EX-OFFICIO	Officer Director	$0	$0	$0
JOANNE HOEKENGA	REC. SECRETARY	Officer Director	$0	$0	$0
LAURA MARTIN	DIRECTOR	Director	$0	$0	$0
LISA LUCKEY	DIRECTOR	Director	$0	$0	$0
LORI SCHUITEMA	DIRECTOR	Director	$0	$0	$0
MARCIA GRASMAN	DIRECTOR	Director	$0	$0	$0
MARILYN FORTON	PARLIAMENTARIAN	Officer Director	$0	$0	$0
MARITZA CRIBLEY	DIRECTOR	Director	$0	$0	$0
MARY KENDALL	TREASURER	Officer Director	$0	$0	$0
MARY SUAREZ	PRESIDENT	Officer Director	$0	$0	$0
SANDY NOLAN	CORR SECRETARY	Officer 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	$398,654	$401,506	$235,756	$-2,852
2024	$305,448	$309,480	$238,608	$-4,032
2023	$324,858	$318,294	$242,640	$6,564
2022	$352,838	$263,431	$236,076	$89,407
2021	$112,012	$149,438	$146,669	$-37,426
2020	$262,408	$242,599	$184,095	$19,809
2019	$239,552	$224,399	$164,286	$15,153
2018	$273,215	$266,213	$149,133	$7,002

WOMEN'S DIVISION CHAMBER OF COMMERCE