ELKHART 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

1950

Legal Domicile

Principal Officer

TODD SMITH

Phone

9208763659

Tax Period

2024-01-01 to 2024-12-31

ELKHART LAKE CHAMBER OF COMMERCE, founded in 1950, is a small nonprofit in the Community Improvement sector that reported $212K in total revenue in fiscal year 2024.

Mission

THE ELKHART LAKE AREA CHAMBER OF COMMERCE PROVIDES KEY BUSINESS DEVELOPMENT SUPPORT, PROGRAMS AND SERVICES TO OVER 100 MEMBER BUSINESSES AND ORGANIZATIONS. THE MISSION IS TO STIMULATE SUSTAINABLE ECONOMIC GROWTH, DEVELOPMENT AND VITALITY IN THE ELKHART LAKE AREA.

Program Service Accomplishments

Program 1

Expenses: $55,839

DEPOT DISPATCH-THE CHAMBER RUNS THE LOCAL NEWSPAPER CALLED THE DEPOT DISPATCH. THIS IS A TWELVE ISSUE NEWSPAPER FEATURING ARTICLES REGARDING MEMBER BUSINESSES, HISTORICAL AND CULTURAL EVENTS IN OUR...

Program 2

Expenses: $1,920

LODGING PROGRAM-THE CHAMBER OFFERS A LODGING PROGRAM WHERE WE CONTRACT WITH LOCAL OWNERS OF COTTAGES, HOUSES AND APARTMENTS TO RENT THEM TO TOURISTS WHO COME IN THE SUMMER. WE COLLECT A 15% FEE FROM...

Program 3

Expenses: $2,663

FARMERS & ARTISAN'S MARKET-THE CHAMBER RUNS A FARMERS & ARTISAN'S MARKET IN ELKHART LAKE ON 19 SATURDAYS IN THE SUMMER.

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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 $33,040

Program Service Revenue $141,895

Investment Income $6,082

Other Revenue $31,155

TOTAL REVENUE $212,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,909

Fundraising Expenses $0

Program Expenses $205,332

Other Expenses $111,273

TOTAL EXPENSES $206,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,172	$215,680	0.0%
Expenses	$206,182	$208,805	0.0%
Net Income	$5,990	$6,875	-0.1%

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

176

Independent Members

N/A

Employees

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

Total Directors

$54,594

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA KOEHLER	EXEC DIRECT	40.00	Director	$54,594	$0	$54,594
JOHN EWERT	VICE PRESIDE	N/A	Officer	$0	$0	$0
RACHEL MONTABA	TREASURER	N/A	Officer	$0	$0	$0
TODD SMITH	PRESIDENT	N/A	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	$212,172	$206,182	$171,809	$5,990
2023	$215,680	$208,805	$164,023	$6,875