MICHIGAN CHAMBER FOUNDATION (EIN 382647323) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

JAMES HOLCOMB

Phone

5173712100

Tax Period

2023-07-01 to 2024-06-30

MICHIGAN CHAMBER FOUNDATION, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 6% surplus.

Mission

1) TO PLAN AND CONDUCT NONPARTISAN PUBLIC EDUCATION PROGRAMS REGARDING FREE ENTERPRISE, PRODUCTIVITY AND BASIC ECONOMIC ISSUES AFFECTING THE STATE OF MICHIGAN.2) TO ESTABLISH AND OPERATE A LEADERSHIP INSTITUTE DESIGNED TO PROVIDE PROMISING FUTURE LEADERS IN BUSINESS, POLITICS, THE ARTS, EDUCATION, AND SOCIAL SERVICES WITH AN ASSESSMENT OF MICHIGAN'S ASSETS, CHALLENGES, AND OPPORTUNITIES IN ORDER TO GIVE PARTICIPANTS THE BACKGROUND AND NETWORK OF CONTACTS NECESSARY TO MAKE A POSITIVE IMPACT ON MICHIGAN'S FUTURE.3) TO CONDUCT NONPARTISAN RESEARCH AND DISTRIBUTE POLICY STUDIES ON ISSUES FACING MICHIGAN INCLUDING, BUT NOT LIMITED TO TAXATION, GOVERNMENT REGULATION, HEALTH CARE, HAZARDOUS WASTE, CRIME, TOURISM AND RECREATION, WELFARE, GOVERNMENT SPENDING AND TRANSPORTATION.4) TO ENCOURAGE AND SUPPORT THE MISSION OF THE MICHIGAN CHAMBER TO PROMOTE CONDITIONS FAVORABLE TO JOB CREATION AND BUSINESS GROWTH IN MICHIGAN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,087,671

Program Service Revenue $4,795

Investment Income $0

Other Revenue $489

TOTAL REVENUE $1,092,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,090

Fundraising Expenses $0

Program Expenses $770,183

Other Expenses $848,643

TOTAL EXPENSES $1,025,733

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,092,955	$780,858	+0.4%
Expenses	$1,025,733	$752,859	+0.4%
Net Income	$67,222	$27,999	+1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$543,065

Total Directors

$543,065

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HOLCOMB	PRESIDENT	10.00	Officer Director	$0	$35,386	$543,065
JEFF STOUTENBERG	DIRECTOR	0.10	Director	$0	$0	$0
MARK LOCKWOOD	DIRECTOR	0.10	Director	$0	$0	$0
BOB THOMAS	DIRECTOR	0.10	Director	$0	$0	$0
ALLIE WALKER	CHAIR	0.10	Officer 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	No data	No data	No data	No data
2024	$1,092,955	$1,025,733	$369,510	$67,222
2023	$780,858	$752,859	$216,505	$27,999
2022	$548,278	$406,949	$207,889	$141,329
2021	$254,979	$368,516	$116,358	$-113,537
2020	$402,441	$243,737	$208,375	$158,704

MICHIGAN CHAMBER FOUNDATION