CLARKSTON AREA CHAMBER OF COMMERCE

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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

1987

Legal Domicile

Principal Officer

AMY LABOISSONNIERE

Phone

2486258055

Tax Period

2024-01-01 to 2024-12-31

CLARKSTON AREA CHAMBER OF COMMERCE, founded in 1987, is a small nonprofit that reported $445K in total revenue in fiscal year 2024. Expenses of $427K left a modest 4% surplus.

Mission

TO SERVE AS A CATALYST TO CULTIVATE BUSINESS OPPORTUNITIES AND RELATIONSHIPS, FOR OUR MEMBERS IN THE CLARKSTON, MICHIGAN AREA.

Program Service Accomplishments

Program 1

CULTIVATE OPPORTUNITIES AND RELATIONSHIPS FROM BUSINESS TO BUSINESS

Program 2

CULTIVATE OPPORTUNITIES AND RELATIONSHIPS FROM BUSINESS TO THE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $132,963

Program Service Revenue $308,731

Investment Income $3,646

Other Revenue $0

TOTAL REVENUE $445,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,480

Fundraising Expenses $0

Other Expenses $276,708

TOTAL EXPENSES $427,188

Year-over-Year Comparison

	2024	2023	Change
Revenue	$445,340	$431,146	+0.0%
Expenses	$427,188	$432,987	0.0%
Net Income	$18,152	$-1,841	-10.9%

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

225

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

$75,936

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENDAL PENNEY PETZOLD	FORMER EXECU	40.00	Officer	$75,936	$0	$75,936
TANYA POPOV	PRESIDENT	10.00	Officer Director	$0	$0	$0
WHITNEY FINDLAY CHENET	TREASURER	10.00	Officer Director	$0	$0	$0
TANYA CARSON	SECRETARY	10.00	Officer Director	$0	$0	$0
JENNIFER BARRETT	PAST PRESIDE	10.00	Officer Director	$0	$0	$0
AMY LABOISSONNIERE	PRESIDENT EL	10.00	Director	$0	$0	$0
TYRONE ANDREWS	DIRECTOR	3.50	Director	$0	$0	$0
STEVEN J HYER	DIRECTOR	3.50	Director	$0	$0	$0
MARILYN LASH	DIRECTOR	3.50	Director	$0	$0	$0
CAROL PETERS	DIRECTOR	3.50	Director	$0	$0	$0
LEIGH PETERSON	DIRECTOR	3.50	Director	$0	$0	$0
SHAWN RYAN	DIRECTOR	3.50	Director	$0	$0	$0
MATT SENTER	DIRECTOR	3.50	Director	$0	$0	$0
JONATHAN SMITH	DIRECTOR	3.50	Director	$0	$0	$0
ANGIE WATHEN	DIRECTOR	3.50	Director	$0	$0	$0
CARRIE WHEELER	DIRECTOR	3.50	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
2024	$445,340	$427,188	$305,258	$18,152
2023	$431,146	$432,987	$277,599	$-1,841
2022	$391,171	$403,954	$289,776	$-12,783
2021	$331,499	$334,329	$295,726	$-2,830
2020	$230,392	$202,570	$275,867	$27,822
2019	$204,028	$243,038	$247,276	$-39,010
2018	$284,501	$235,196	$297,482	$49,305