THE CHAMBER OF COMMERCE GRAND HAVEN SPRING LAKE FERRYSBURG (EIN 382467974) - 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

1899

Legal Domicile

Principal Officer

MARK ALLEN

Phone

6168424910

Tax Period

2024-04-01 to 2025-03-31

THE CHAMBER OF COMMERCE GRAND HAVEN SPRING LAKE FERRYSBURG, founded in 1899, is a small nonprofit that reported $947K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $880K left a modest 7% surplus.

Mission

THE CHAMBER PROVIDES HYPER LOCAL SUPPORT, CONNECTIONS AND SOLUTIONS FOR ECONOMIC AND BUSINESS GROWTH WITHIN NORTHWEST OTTAWA 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 $109,463

Program Service Revenue $833,588

Investment Income $4,164

Other Revenue $0

TOTAL REVENUE $947,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $525,638

Fundraising Expenses $0

Other Expenses $354,543

TOTAL EXPENSES $880,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$947,215	$851,607	+0.1%
Expenses	$880,181	$940,920	-0.1%
Net Income	$67,034	$-89,313	-1.8%

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

250

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

$114,664

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ALLEN	PRESIDENT	40.00	Officer	$110,622	$4,042	$114,664
DAVE JEROVSEK	EXECUTIVE DI	1.00	Officer Director	$0	$0	$0
CARA GALBAVI	EXECUTIVE DI	1.00	Officer Director	$0	$0	$0
PETE KLAHORST	EXECUTIVE DI	1.00	Officer Director	$0	$0	$0
CHRISTOPHER PEEL	EXECUTIVE DI	1.00	Officer Director	$0	$0	$0
MEGAN DOSS	DIRECTOR	1.00	Officer Director	$0	$0	$0
BILL CARGO	DIRECTOR	0.50	Director	$0	$0	$0
DENNIS FURTON	DIRECTOR	0.50	Director	$0	$0	$0
MORGAN RESCORLA	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT ZYLSTRA	DIRECTOR	0.50	Director	$0	$0	$0
SHELBY BYTWERK	DIRECTOR	0.50	Director	$0	$0	$0
RICK HUISMAN	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN GREEN	DIRECTOR	0.50	Director	$0	$0	$0
SHARON BEHM	DIRECTOR	0.50	Director	$0	$0	$0
CRAIG BESSINGER	DIRECTOR	0.50	Director	$0	$0	$0
ERICA LAYTON	DIRECTOR	0.50	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	$947,215	$880,181	$1,101,736	$67,034
2024	$851,607	$940,920	$1,063,421	$-89,313
2023	$799,299	$872,994	$782,443	$-73,695
2022	$776,421	$637,491	$880,491	$138,930
2021	$586,837	$469,587	$853,020	$117,250
2020	$809,093	$753,749	$479,282	$55,344
2019	$793,443	$742,312	$474,967	$51,131

THE CHAMBER OF COMMERCE GRAND HAVEN SPRING LAKE FERRYSBURG