PORTAGE AREA CHAMBER OF COMMERCE (EIN 390545695) - Form 990 Financial Analysis & Trantor Score

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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

1929

Legal Domicile

Principal Officer

MARIANNE HANSON

Phone

6087426242

Tax Period

2024-01-01 to 2024-12-31

PORTAGE AREA CHAMBER OF COMMERCE, founded in 1929, is a small nonprofit that reported $356K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $322K left a modest 10% surplus.

Mission

PROMOTION OF PORTAGE AREA COMMERCE

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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 $257,458

Program Service Revenue $76,424

Investment Income $3,249

Other Revenue $19,171

TOTAL REVENUE $356,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,237

Fundraising Expenses $0

Program Expenses $321,935

Other Expenses $167,698

TOTAL EXPENSES $321,935

Year-over-Year Comparison

	2024	2023	Change
Revenue	$356,302	$383,095	-0.1%
Expenses	$321,935	$330,480	0.0%
Net Income	$34,367	$52,615	-0.3%

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
KIM DORN	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE GROVES	BOARD MEMBER	1.00	Director	$0	$0	$0
KALLIE SCHULTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY ROSE STRICKLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIANNE HANSON	PRESIDENT &	40.00	Officer	$0	$0	$0
POLLY KOEPP	BOARD VICE-C	1.00	Officer	$0	$0	$0
TRACY MICHAELS	BOARD CHAIR	1.00	Officer	$0	$0	$0
ERIC SLUGA	BOARD TREASU	1.00	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	$356,302	$321,935	$325,991	$34,367
2023	$383,095	$330,480	$296,599	$52,615
2022	$398,429	$310,130	$242,434	$88,299
2021	$274,439	$276,501	$153,544	$-2,062
2020	$194,805	$205,685	$153,449	$-10,880
2019	$240,295	$230,170	$167,115	$10,125
2018	$268,405	$249,306	$160,319	$19,099

PORTAGE AREA CHAMBER OF COMMERCE