HOUGHTON LAKE 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

1951

Legal Domicile

Principal Officer

JAY JACOBS

Phone

9893665644

Tax Period

2024-07-01 to 2025-06-30

HOUGHTON LAKE CHAMBER OF COMMERCE, founded in 1951, is a micro nonprofit that reported $97K in total revenue in fiscal year 2024. Net assets of $207K represent 26 months of operating reserves.

Mission

To educate, inform, support, stimulate, strengthen and assist the growth of our membership and business community at large.

Program Service Accomplishments

Program 1

To educate, inform, support, stimulate, strengthen and assist the growth of our membership and business community at large.

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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 $47,587

Program Service Revenue $0

Investment Income $8

Other Revenue $48,995

TOTAL REVENUE $96,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,668

Fundraising Expenses $0

Other Expenses $43,248

TOTAL EXPENSES $97,916

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,590	$92,368	+0.0%
Expenses	$97,916	$120,023	-0.2%
Net Income	$-1,326	$-27,655	-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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM VANSICE	President	5.00	Officer Director	$0	$0	$0
RICK DUPON	Vice-President	1.00	Officer Director	$0	$0	$0
TONI TARRANT	Secretary	2.00	Officer Director	$0	$0	$0
PAM KINCAID	Treasurer	5.00	Officer Director	$0	$0	$0
STEVE DUBOIS	General Director	1.00	Director	$0	$0	$0
BOB SPAULDING	General Director	1.00	Director	$0	$0	$0
RICK GENSLAK	General Director	1.00	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	$96,590	$97,916	$208,918	$-1,326
2024	$92,368	$120,023	$208,647	$-27,655
2023	$116,665	$128,773	$238,162	$-12,108
2022	$153,720	$152,530	$249,367	$1,190
2021	$99,826	$95,422	$261,228	$4,404
2020	$118,973	$132,326	$242,591	$-13,353
2019	$79,232	$123,244	$264,582	$-44,012