GREATER ROMEO-WASHINGTON CHAMBER OF COMMERCE INC

EIN: 382397305 Community Improvement

ROMEO, MI

Total Revenue
$116,245
Total Expenses
$111,960
Total Assets
$19,944
Net Assets
$18,078
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MI
Principal Officer
LARRY DAVIS
Phone
5867524436
Tax Period
2019-01-01 to 2019-12-31

GREATER ROMEO-WASHINGTON CHAMBER OF COMMERCE INC, founded in 1975, is a small nonprofit in the Community Improvement sector that reported $116K in total revenue in fiscal year 2019. Expenses of $112K left a modest 4% surplus.

Mission

TO PROMOTE, EDUCATE AND ASSIST IN THE GROWTH AND DEVELOPMENT OF THE BUSINESS COMMUNITY. THE CHAMBER OF COMMERCE HELPS BUSINESSES PROSPER AND GROW; IT INCREASES JOB OPPORTUNITIES. IT ENCOURAGES AN ORDERLY EXPANSION AND DEVELOPMENT OF ALL SEGMENTS OF THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $35,536 Revenue: $47,332

SEVERAL NETWORKING OPPORTUNITIES TO PROMOTE BUSINESS GROWTH AND RECOGNIZE COMMUNITY ACHEVEMENTS

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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 (2019)

Revenue Breakdown

Contributions & Grants $53,400
Program Service Revenue $43,882
Investment Income $0
Other Revenue $18,963
TOTAL REVENUE $116,245

Expense Breakdown

Grants Paid $10,437
Salaries & Benefits $51,067
Fundraising Expenses $0
Program Expenses $35,536
Other Expenses $50,456
TOTAL EXPENSES $111,960

Year-over-Year Comparison

2019 2018 Change
Revenue $116,245 $108,025 +0.1%
Expenses $111,960 $106,701 +0.0%
Net Income $4,285 $1,324 +2.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
2
Volunteers
14

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
2
$0
Total Directors
15
$46,906
Key Employees
2
$46,906
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA AUL BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY WELLINGTON TREASURER 1.00
Officer Director
$0 $0 $0
LINDA LINDBERG BOARD MEMBER 1.00
Director
$0 $0 $0
KELLEY STEPHENS EXEC. DIRECTOR 31.00
Director Key Emp Highest
$36,616 $0 $36,616
DEBRA SISCO ADMIN ASSISTANT 16.50
Director Key Emp
$10,290 $0 $10,290
BOB HART PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRISTINA MUIR-MURPHY BOARD MEMBER 1.00
Director
$0 $0 $0
MARTIN BEAULAC BOARD MEMBER 1.00
Director
$0 $0 $0
MARK LOSEY BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE BALSAM BOARD MEMBER 1.00
Director
$0 $0 $0
DORIS NEUMEYER BOARD MEMEBER 1.00
Director
$0 $0 $0
TODD ROBINSON BOARD MEMBER 1.00
Director
$0 $0 $0
BILL BUCHANAN BOARD MEMBER 1.00
Director
$0 $0 $0
DEE SKINNER BOARD MEMBER 1.00
Director
$0 $0 $0
JOE WORDEN BOARD MEMBER 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
2019 $116,245 $111,960 $19,944 $4,285
2018 $108,025 $106,701 $16,363 $1,324
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