HOWELL CHAMBER OF COMMERCE FOUNDATION

EIN: 383187469 501(c)(3) Philanthropy & Grantmaking

HOWELL, MI

Total Revenue
$94,931
Total Expenses
$85,138
Total Assets
$337,003
Net Assets
$310,669
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MI
Principal Officer
JANELLE SMITH
Phone
5175463920
Tax Period
2023-01-01 to 2023-12-31

HOWELL CHAMBER OF COMMERCE FOUNDATION, founded in 1995, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $95K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $85K left a modest 10% surplus.

Mission

THE HOWELL AREA CHAMBER OF COMMERCE FOUNDATION RECEIVES AND ADMINISTERS FUNDS FOR EDUCATIONAL, CULTURAL, SCIENTIFIC, AND CHARITABLE PURPOSES FOR THE PUBLIC WELFARE OF THE LIVINGSTON COUNTY COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $32,357 Revenue: $57,309

FANTASY OF LIGHTS PARADE - THE FANTASY OF LIGHTS PARADE HIGHLIGHTS THE HISTORY AND CULTURE OF DOWNTOWN HOWELL, MICHIGAN VIA A YEAR-END HOLIDAY SEASON PARADE AND ACTIVITIES.

Program 2
Expenses: $4,012

STARKEY SCHOLARSHIP - SCHOLARSHIPS ARE AWARDED TO NON-TRADITIONAL STUDENTS WHO ARE ADVANCING THEIR EDUCATION WHILE WORKING. THE NUMBER OF SCHOLARSHIPS AWARDED DEPENDS UPON THE NUMBER OF APPLICANTS...

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STARKEY SCHOLARSHIP - SCHOLARSHIPS ARE AWARDED TO NON-TRADITIONAL STUDENTS WHO ARE ADVANCING THEIR EDUCATION WHILE WORKING. THE NUMBER OF SCHOLARSHIPS AWARDED DEPENDS UPON THE NUMBER OF APPLICANTS AND FUNDS AVAILABLE.

Program 3
Expenses: $10,418 Revenue: $759

EDUCATIONAL PROGRAMS - THE FOUNDATION PRESENTS VARIOUS EDUCATIONAL PROGRAMS FOR THE PUBLIC AT LARGE. SEVERAL PROGRAMS PROVIDE ANNUAL UPDATES OF LEGAL OR BUSINESS REQUIREMENTS AND OTHERS ARE OF A...

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EDUCATIONAL PROGRAMS - THE FOUNDATION PRESENTS VARIOUS EDUCATIONAL PROGRAMS FOR THE PUBLIC AT LARGE. SEVERAL PROGRAMS PROVIDE ANNUAL UPDATES OF LEGAL OR BUSINESS REQUIREMENTS AND OTHERS ARE OF A CURRENT ISSUES/CULTURAL AFFAIRS MESSAGE ENHANCEMENT OF THE LIVINGSTON COUNTY VETERANS MEMORIAL AND ESTABLISHMENT OF THE ZEMP MEMORIAL.

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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 $25,560
Program Service Revenue $58,068
Investment Income $149
Other Revenue $11,154
TOTAL REVENUE $94,931

Expense Breakdown

Grants Paid $4,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $46,787
Other Expenses $81,138
TOTAL EXPENSES $85,138

Year-over-Year Comparison

2023 2022 Change
Revenue $94,931 $78,758 +0.2%
Expenses $85,138 $78,629 +0.1%
Net Income $9,793 $129 +74.9%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
80

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
5
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARRIE BONOFIGLIO DIRECTOR 3.00
Director
$0 $0 $0
DON CORTEZ DIRECTOR 3.00
Director
$0 $0 $0
ANDREA DAHLINE VICE CHAIR 3.00
Officer Director
$0 $0 $0
NICOLE DOMITROVICH TREASURER 3.00
Officer Director
$0 $0 $0
MARCIA GEBAROWSKI SECRETARY 3.00
Officer Director
$0 $0 $0
GEOF GREENEISEN DIRECTOR 3.00
Director
$0 $0 $0
PATTI GRIFFITH CHAIR 3.00
Officer Director
$0 $0 $0
JANELLE SMITH PRESIDENT 40.00
Officer
$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 $94,931 $85,138 $337,003 $9,793
2022 $78,758 $78,629 $321,769 $129
2021 $44,683 $40,425 $330,965 $4,258
2020 $33,460 $44,012 $338,836 $-10,552
2019 $55,944 $56,074 $353,337 $-130
2018 $101,331 $124,469 $374,780 $-23,138
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