MIDLAND CHAMBER FOUNDATION

EIN: 382874717 501(c)(3)

MIDLAND, MI

Total Revenue
N/A
Total Expenses
$625,916
Total Assets
N/A
Net Assets
N/A
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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
1989
Legal Domicile
MI
Principal Officer
ROGER CHAMBERLIN
Phone
9898399901
Tax Period
2019-01-01 to 2019-12-31

Mission

RECEIVE, ADMINISTER, AND EXPEND FUNDS EXCLUSIVELY FOR THE PUBLIC BENEFIT AND WELFARE OF THE CITIZENS OF THE COUNTY AND CITY OF MIDLAND AND THE SURROUNDING AREA.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $625,916
TOTAL EXPENSES $625,916

Year-over-Year Comparison

2019 2018 Change
Revenue N/A $216,897 -1.0%
Expenses $625,916 $237,398 +1.6%
Net Income N/A $-20,501 N/A
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS HANSON DIRECTOR 0.30
Director
$0 $0 $0
DOUG WRIGHT DIRECTOR 0.30
Director
$0 $0 $0
BETH O'LAUGHLIN CHAIR 0.30
Officer Director
$0 $0 $0
MIKE WILLIAMS VICE CHAIR 0.30
Officer Director
$0 $0 $0
DON JOHNSON SECRETARY/TREASURER 0.30
Officer Director
$0 $0 $0
TODD BEALS DIRECTOR 0.30
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
2019 No data $625,916 No data No data
2018 $216,897 $237,398 $801,665 $-20,501
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