GRANDVILLE-JENISON CHAMBER OF COMMERCE (EIN 382554786) - 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

1960

Legal Domicile

Principal Officer

KATHRYN VERMAAS

Phone

6165318890

Tax Period

2024-01-01 to 2024-12-31

GRANDVILLE-JENISON CHAMBER OF COMMERCE, founded in 1960, is a small nonprofit that reported $133K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE GREATER GRANDVILLE JENISON COMMUNITIES

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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 $0

Program Service Revenue $116,375

Investment Income $3,212

Other Revenue $13,826

TOTAL REVENUE $133,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,617

Fundraising Expenses $0

Program Expenses $132,054

Other Expenses $56,437

TOTAL EXPENSES $132,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$133,413	$104,723	+0.3%
Expenses	$132,054	$122,379	+0.1%
Net Income	$1,359	$-17,656	-1.1%

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
DAN BOLGER	DIRECTOR	0.50	Director	$0	$0	$0
MARK GREIDANUS	DIRECTOR	0.50	Director	$0	$0	$0
RYAN VANDERGRAAF	DIRECTOR	0.50	Director	$0	$0	$0
RAIMO KARHUNEN	SECRETARY	0.50	Officer	$0	$0	$0
DAVE MERVEENE	PRESIDENT	0.50	Officer	$0	$0	$0
KATHRYN VERMAAS	TREASURER	0.50	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
2024	$133,413	$132,054	$95,074	$1,359
2023	$104,723	$122,379	$76,620	$-17,656
2022	$98,622	$109,587	$100,039	$-10,965
2021	$140,113	$108,489	$112,041	$31,624
2020	$174,671	$159,536	$105,491	$15,135
2019	$165,663	$187,680	$104,584	$-22,017
2018	$193,728	$199,559	$126,165	$-5,831

GRANDVILLE-JENISON CHAMBER OF COMMERCE