RACINE AREA MANUFACTURERS AND COMMERCE INC (EIN 391403335) - 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

1982

Legal Domicile

Principal Officer

MATT MONTEMURRO

Phone

2626341931

Tax Period

2023-03-01 to 2024-02-29

RACINE AREA MANUFACTURERS AND COMMERCE INC, founded in 1982, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 3% surplus.

Mission

RACINE'S BUSINESS CHAMPION - TO PROMOTE THE FURTHER DEVELOPMENT OF THE RACINE BUSINESS COMMUNITY AND BE THE VOICE OF THE BUSINESS COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,057,389

Program Service Revenue $540,982

Investment Income $20,159

Other Revenue $38,980

TOTAL REVENUE $2,657,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,085,333

Fundraising Expenses $0

Other Expenses $483,479

TOTAL EXPENSES $2,568,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,657,510	$2,380,936	+0.1%
Expenses	$2,568,812	$2,329,898	+0.1%
Net Income	$88,698	$51,038	+0.7%

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

$155,703

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BEHRENS	CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT HESS	VICE CHAIR/FINANACE CHAIR	1.00	Officer Director	$0	$0	$0
JODY MUNIZ	PUBLIC POLICY CHAIR	1.00	Officer Director	$0	$0	$0
RYAN BRATH	COMAR CHAIR	1.00	Officer Director	$0	$0	$0
KRISTEN BEGLINGER	DIRECTOR	1.00	Director	$0	$0	$0
DONNA OWENS	DIRECTOR	1.00	Director	$0	$0	$0
DANA CHRISTENSEN	MEMBERSHIP CHAIR	1.00	Director	$0	$0	$0
MIKE CRETTON	DIRECTOR	1.00	Director	$0	$0	$0
CRISTA KRUSE	DIRECTOR	1.00	Director	$0	$0	$0
AARON SPITZNER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LANGER	DIRECTOR	1.00	Director	$0	$0	$0
LORETTA OLSON	ACTIVITIES CHAIR	1.00	Director	$0	$0	$0
JOHN WARREN	DIRECTOR	1.00	Director	$0	$0	$0
LIZ POWELL	DIRECTOR	1.00	Director	$0	$0	$0
TOM SCHAEFER	DIRECTOR	1.00	Director	$0	$0	$0
FRANK STERBIN JR	DIRECTOR	1.00	Director	$0	$0	$0
JEFF KNUTSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN WEAVER	DIRECTOR	1.00	Director	$0	$0	$0
MATT MONTEMURRO	PRESIDENT/CEO	40.00	Officer	$142,164	$13,539	$155,703

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	No data	No data	No data	No data
2024	$2,657,510	$2,568,812	$1,183,140	$88,698
2023	$2,380,936	$2,329,898	$1,082,846	$51,038
2022	$2,117,988	$2,060,781	$1,005,962	$57,207
2021	$2,209,155	$2,140,451	$980,591	$68,704
2020	$1,943,739	$1,858,789	$853,574	$84,950
2019	$1,780,759	$1,679,418	$760,106	$101,341

RACINE AREA MANUFACTURERS AND COMMERCE INC