NORTHVILLE COMMUNITY CHAMBER OF COMMERCE

EIN: 382496282 Community Improvement

NORTHVILLE, MI

Total Revenue
$249,595
Total Expenses
$249,859
Total Assets
$76,523
Net Assets
$-54,638
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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
1964
Legal Domicile
MI
Principal Officer
TIMOTHY GILBERT
Phone
2483497640
Tax Period
2024-10-01 to 2025-09-30

NORTHVILLE COMMUNITY CHAMBER OF COMMERCE, founded in 1964, is a small nonprofit in the Community Improvement sector that reported $250K in total revenue in fiscal year 2024.

Mission

TO PROMOTE, DEVELOP AND SUPPORT BUSINESS AND INDUSTRY FOR THE BENEFIT OF THE NORTHVILLE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $249,859 Revenue: $249,595

PROMOTE EXISTING BUSINESSES AND DEVELOP NEW BUSINESSES WITHIN THE NORTHVILLE COMMUNITY.

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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 $75,545
Program Service Revenue $0
Investment Income $0
Other Revenue $174,050
TOTAL REVENUE $249,595

Expense Breakdown

Grants Paid $0
Salaries & Benefits $188,357
Fundraising Expenses $0
Program Expenses $249,859
Other Expenses $61,502
TOTAL EXPENSES $249,859

Year-over-Year Comparison

2024 2023 Change
Revenue $249,595 $243,682 +0.0%
Expenses $249,859 $226,310 +0.1%
Net Income $-264 $17,372 -1.0%
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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Governance

Voting Members
7
Independent Members
7
Employees
4
Volunteers
20

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
5
$76,373
Total Directors
6
$0
Key Employees
1
$76,373
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS WALLACE EXECUTIVE DIRECTOR 40.00
Officer Key Emp
$76,373 $0 $76,373
GLENN GOEHMANN BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH MALINOWSKI BOARD MEMBER 1.00
Director
$0 $0 $0
RJ WEBBER EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA GENITTI BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER FREY EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE LAHANAS EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $0
TIMOTHY GILBERT CHAIR 1.00
Officer
$0 $0 $0
JAMES GIETZEN SECRETARY 1.00
Officer
$0 $0 $0
MICHAEL KING TREASURER 3.00
Officer
$0 $0 $0
JENNIFER SCHEMBRI VICE CHAIR 1.00
Officer
$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 $249,595 $249,859 $76,523 $-264
2024 $243,682 $226,310 $63,956 $17,372
2023 $240,561 $238,413 $42,834 $2,148
2022 $163,488 $212,206 $47,886 $-48,718
2021 $217,689 $222,649 $114,652 $-4,960
2020 $125,677 $166,896 $152,556 $-41,219
2019 $219,163 $224,389 $43,590 $-5,226
2018 $221,198 $216,496 $36,197 $4,702
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