Cedar Chamber of Commerce

EIN: 382339877

Cedar, MI

Total Revenue
$49,197
Total Expenses
$66,678
Total Assets
$235,423
Net Assets
$234,678
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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
1997
Legal Domicile
MI
Principal Officer
Pam Novak
Phone
2312283378
Tax Period
2024-01-01 to 2024-12-31

Cedar Chamber of Commerce, founded in 1997, is a micro nonprofit that reported $49K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $67K exceeded revenue, resulting in a 36% operating deficit.

Mission

Provide information to residents and visitors to the Cedar area and promote, support, and grow businesses in the Cedar Area

Program Service Accomplishments

Program 1
Expenses: $66,678

Provide information to residents and visitors to the Cedar area and promote, support, and grow businesses in the Cedar Area

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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 $5,748
Program Service Revenue $0
Investment Income $1,471
Other Revenue $41,978
TOTAL REVENUE $49,197

Expense Breakdown

Grants Paid $3,500
Salaries & Benefits $19,758
Fundraising Expenses $0
Program Expenses $66,678
Other Expenses $43,420
TOTAL EXPENSES $66,678

Year-over-Year Comparison

2024 2023 Change
Revenue $49,197 $102,458 -0.5%
Expenses $66,678 $73,903 -0.1%
Net Income $-17,481 $28,555 -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
5
Independent Members
5
Employees
N/A
Volunteers
225

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
$17,954
Total Directors
5
$17,954
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa Rossi Brett Executive Dir. 4.00
Officer Director
$12,600 $0 $12,600
Ron Novak Treasurer 4.00
Officer Director
$2,500 $0 $2,500
Cindy Kunde-Gale Secretary 4.00
Officer Director
$1,954 $0 $1,954
Pam Novak President 4.00
Officer Director
$900 $0 $900
Kimberly Ritchie Trustee 0.00
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 No data No data No data No data
2024 $49,197 $66,678 $235,423 $-17,481
2023 $102,458 $73,903 $312,159 $28,555
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