BENZIE COUNTY CHAMBER OF COMMERCE (EIN 382380402) - 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

1981

Legal Domicile

Principal Officer

SCOTT KLADDER

Phone

2318825801

Tax Period

2024-01-01 to 2024-12-31

BENZIE COUNTY CHAMBER OF COMMERCE, founded in 1981, is a micro nonprofit that reported $81K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $113K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROMOTE BENZIE COUNTY

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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 $52,022

Program Service Revenue $6,312

Investment Income $23,929

Other Revenue $-1,156

TOTAL REVENUE $81,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,795

Fundraising Expenses $0

Other Expenses $66,141

TOTAL EXPENSES $112,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,107	$91,713	-0.1%
Expenses	$112,936	$109,654	+0.0%
Net Income	$-31,829	$-17,941	+0.8%

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

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
MERCEDES MICHALOWSKI-BOWYER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
NORMAN PLUMSTEAD	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
SCOTT KLADDER	TREASURER	1.00	Officer Director	$0	$0	$0
KRISTI JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DAN ENGLER	DIRECTOR	1.00	Director	$0	$0	$0
LINDY EVANS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE SCOTT	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
2024	$81,107	$112,936	$93,134	$-31,829
2020	$210,636	$179,262	$366,908	$31,374
2019	$165,130	$179,899	$346,563	$-14,769
2018	$202,383	$194,302	$372,201	$8,081

BENZIE COUNTY CHAMBER OF COMMERCE