HARBOR COUNTRY CHAMBER OF COMMERCE (EIN 382489209) - 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

1983

Legal Domicile

Principal Officer

JOHN BONKOSKE

Phone

2694695409

Tax Period

2024-09-01 to 2025-08-31

HARBOR COUNTRY CHAMBER OF COMMERCE, founded in 1983, is a small nonprofit that reported $212K in total revenue in fiscal year 2024. Net assets of $548K represent 31 months of operating reserves.

Mission

TO PROMOTE BUSINESS AND ECONOMIC DEVELOPMENT IN SW MICHIGAN.

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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 $118,495

Program Service Revenue $67,255

Investment Income $11,536

Other Revenue $14,433

TOTAL REVENUE $211,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,717

Fundraising Expenses $0

Program Expenses $145,646

Other Expenses $89,659

TOTAL EXPENSES $214,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,719	$206,401	+0.0%
Expenses	$214,376	$197,532	+0.1%
Net Income	$-2,657	$8,869	-1.3%

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

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

$66,200

Total Directors

$66,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLEE BECK WENDT	EXECUTIVE DIRECTOR	40.00	Officer Director	$66,200	$0	$66,200
JOHN BONKOSKE	PRESIDENT	2.00	Officer Director	$0	$0	$0
RACHEL WATKINS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN QUACKENBUSH	TREASURER	2.00	Officer Director	$0	$0	$0
JESSICA NANCE	SECRETARY	2.00	Officer Director	$0	$0	$0
ERIKA MILOVICH	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MCNABB	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN FREDRICKSON	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER GRADOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
PAM WESSLER	DIRECTOR	2.00	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	$211,719	$214,376	$572,220	$-2,657
2024	$206,401	$197,532	$590,567	$8,869
2023	$179,730	$171,049	$581,048	$8,681
2022	$161,577	$175,642	$573,232	$-14,065
2021	$155,060	$130,368	$592,247	$24,692
2020	$200,146	$135,280	$573,449	$64,866
2019	$199,513	$172,102	$513,051	$27,411
2018	$194,402	$182,230	$497,840	$12,172

HARBOR COUNTRY CHAMBER OF COMMERCE