BAY AREA CHAMBER FOUNDATION

EIN: 383182160 501(c)(3) Community Improvement

BAY CITY, MI

Total Revenue
$195,371
Total Expenses
$196,058
Total Assets
$632,481
Net Assets
$228,640
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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

Legal Domicile
MI
Principal Officer
MAGEN SAMYN
Tax Period
2023-01-01 to 2023-12-31

BAY AREA CHAMBER FOUNDATION is a small nonprofit in the Community Improvement sector that reported $195K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring.

Mission

TO BENEFIT THE BAY AREA CHAMBER OF COMMERCE IN ITS ENDEAVORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $195,157
Program Service Revenue $0
Investment Income $214
Other Revenue $0
TOTAL REVENUE $195,371

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $189,184
Other Expenses $196,058
TOTAL EXPENSES $196,058

Year-over-Year Comparison

2023 2022 Change
Revenue $195,371 $519,330 -0.6%
Expenses $196,058 $351,470 -0.4%
Net Income $-687 $167,860 -1.0%
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
7
Independent Members
7
Employees
N/A
Volunteers
115

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR STEPHEN BIGELOW BOARD MEMBER 0.15
Director
$0 $0 $0
MIKE DEBO CHAIRMAN 0.15
Officer Director
$0 $0 $0
MAGEN SAMYN PRESIDENT 0.15
Officer
$0 $0 $0
LARRY EHRLINGER SECRETARY/TR 0.15
Officer Director
$0 $0 $0
JEFF QUAST VICE CHAIR 0.15
Officer Director
$0 $0 $0
MIKE STODOLAK BOARD MEMBER 0.15
Director
$0 $0 $0
HEATHER GALLEGOS BOARD MEMBER 0.15
Director
$0 $0 $0
TODD CLEMENTS BOARD MEMBER 0.15
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 No data No data No data No data
2023 $195,371 $196,058 $632,481 $-687
2022 $519,330 $351,470 $720,967 $167,860
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