MADELINE ISLAND CHAMBER OF COMMERCE (EIN 391556633) - 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

1985

Principal Officer

LEEANN SCHAUB

Phone

7157472801

Tax Period

2024-01-01 to 2024-12-31

MADELINE ISLAND CHAMBER OF COMMERCE, founded in 1985, is a small nonprofit that reported $380K in total revenue in fiscal year 2024. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $173K, a strong 46% operating margin.

Mission

PROMOTING TOURISM AND BUSINESS IN THE AREA THROUGH MARKETING AND EVENTS.

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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 $19,090

Program Service Revenue $359,997

Investment Income $1,326

Other Revenue $0

TOTAL REVENUE $380,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,255

Fundraising Expenses $0

Other Expenses $131,737

TOTAL EXPENSES $206,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,413	$191,144	+1.0%
Expenses	$206,992	$223,329	-0.1%
Net Income	$173,421	$-32,185	-6.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOIS CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
CLAYTON DOUGLAS	DIRECTOR	1.00	Director	$0	$0	$0
RON MADICH	DIRECTOR	1.00	Director	$0	$0	$0
MARIE NOHA	DIRECTOR	1.00	Director	$0	$0	$0
SALLY NORTH	SECRETARY	1.00	Director	$0	$0	$0
KAYLA PICCIAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RASMUS	TREASURER	1.00	Officer Director	$0	$0	$0
LEEANN SCHAUB	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE STANTON	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
2024	$380,413	$206,992	$431,668	$173,421
2023	$191,144	$223,329	$258,247	$-32,185
2022	$235,604	$188,596	$290,432	$47,008
2021	$178,520	$138,602	$243,424	$39,918
2020	$161,007	$110,031	$248,506	$50,976
2019	$202,779	$159,390	$183,282	$43,389
2018	$144,376	$150,429	$146,403	$-6,053

MADELINE ISLAND CHAMBER OF COMMERCE