CHELSEA, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHELSEA AREA CHAMBER OF COMMERCE, founded in 1981, is a small nonprofit in the Community Improvement sector that reported $372K in total revenue in fiscal year 2024. Expenses of $353K left a modest 5% surplus.
TO PROVIDE SERVCIES THAT ADVANCE COMMERCE TO ESTABLISH AND MAINTAIN CHELSEA AS A PREMIER COMMUNITY IN WHICH TO LIVE, WORK AND RECREATE.
COMMUNITY DEVELOPMENT - THE ORGANIZATION IS A POINT OF CONTACT FOR BUSINESS OWNERS, RESIDENTS AND VISITORS OF CHELSEA. THEY WELCOME PHONE CALLS WITH QUESTIONS, OR YOU CAN STOP BY THEIR OFFICE TO PICK...
COMMUNITY DEVELOPMENT - THE ORGANIZATION IS A POINT OF CONTACT FOR BUSINESS OWNERS, RESIDENTS AND VISITORS OF CHELSEA. THEY WELCOME PHONE CALLS WITH QUESTIONS, OR YOU CAN STOP BY THEIR OFFICE TO PICK UP LOCAL AREA MAPS, BROCHURES, AND OTHER PRINTED INFORMATION
BUSINESS NETWORKING AND DEVELOPMENT - THE ORGANIZATION HOLDS REGULAR ACTIVITIES FOR MEMBERS, AWARDS BUSINESS LEADERS AND CO-SPONSORS THE CITIZENS OF THE YEAR AND LIFETIME ACHIEVEMENT AWARDS...
BUSINESS NETWORKING AND DEVELOPMENT - THE ORGANIZATION HOLDS REGULAR ACTIVITIES FOR MEMBERS, AWARDS BUSINESS LEADERS AND CO-SPONSORS THE CITIZENS OF THE YEAR AND LIFETIME ACHIEVEMENT AWARDS. THROUGHOUT THE YEAR IT IS ALSO INVOLVED IN MANY COMMUNITY EVENTS. THE ORGANIZATION SERVED APPROXIMATELY 300 MEMBERS.
OTHER ACCOMPLISHMENTS - THIS AREA IS OTHER RELATED PROGRAM SERVICES OF THE CHELSEA AREA CHAMBER OF COMMERCE THAT DOES NOT FIT THE CLASSIFICATIONS OF THE OTHER PROGRAM SERVICES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $372,034 | $372,471 | 0.0% |
| Expenses | $353,311 | $349,067 | +0.0% |
| Net Income | $18,723 | $23,404 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TERRIS AHRENS | EXECUTIVE DI | 40.00 |
Officer
|
$72,870 | $0 | $72,870 |
| THERESA BOLDA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MARTY COLBURN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LORI CORYELL | VICE PRESIDE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAKE DIVER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TODD DZIOBAK | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOE LEDBETTER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| STUART MANN | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BENJAMIN MILES | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LORNA TACKWELL | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL KAPOLKA | SECRETARY | 2.00 |
Officer
|
$0 | $0 | $0 |
| PAUL SCHISSLER | PRESIDENT | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $372,034 | $353,311 | $217,271 | $18,723 |
| 2023 | $372,471 | $349,067 | $198,941 | $23,404 |
| 2022 | $317,870 | $238,735 | $175,883 | $79,135 |
| 2021 | $177,502 | $129,139 | $90,193 | $48,363 |
| 2020 | $104,734 | $106,230 | $57,516 | $-1,496 |
| 2019 | $98,089 | $114,063 | $59,153 | $-15,974 |
Compare CHELSEA AREA CHAMBER OF COMMERCE with other nonprofits in Michigan and across the country.