GRAND RAPIDS AREA CHAMBER OF COMME… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

MALISSA BAHR

Phone

2183266619

Tax Period

2023-01-01 to 2023-12-31

GRAND RAPIDS AREA CHAMBER OF COMMERCE, founded in 1949, is a small nonprofit that reported $390K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $348K left a modest 11% surplus.

Mission

BUSINESS PROMOTION

Program Service Accomplishments

Program 1

Expenses: $232,807

THE ORGANIZATION PROMOTES BUSINESS AND TOURISM IN THE AREA THROUGH THE OPERATION OF A VISITOR CENTER AND BY PROVIDING A VEHICLE THROUGH WHICH AREA BUSINESSES CAN PROMOTE AND WORK TOGETHER.

Program 2

Expenses: $23,132

THE ORGANIZATION PARTNERED WITH A SCHOOL TO RECEIVE A YOUTH SKILLS TRAINING GRANT FROM THE MN DEPARTMENT OF LABOR AND INDUSTRY. THIS FUNDING WAS USED TO OFFER MEANINGFUL CAREER EXPOSURE AND PAID WORK...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $65,611

Program Service Revenue $281,088

Investment Income $1,265

Other Revenue $42,026

TOTAL REVENUE $389,990

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,847

Fundraising Expenses $0

Program Expenses $255,939

Other Expenses $126,902

TOTAL EXPENSES $347,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$389,990	$334,894	+0.2%
Expenses	$347,749	$300,839	+0.2%
Net Income	$42,241	$34,055	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

200

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

$87,083

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALISSA BAHR	President & CEO	40.00	Director	$83,996	$3,087	$87,083
BRI WAGNER	Director	1.00	Director	$0	$0	$0
LAURIE CLAUSSEN	Director	1.00	Director	$0	$0	$0
DANA SCHERF	Director	1.00	Director	$0	$0	$0
TODD WITHERILL	Director	1.00	Director	$0	$0	$0
GREG BOUNDS	Director	1.00	Director	$0	$0	$0
TRENT JANESICH	CHAIR	1.00	Officer Director	$0	$0	$0
RAWAN ELBITAR	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
ASHLEY BRUBAKER	Director	1.00	Director	$0	$0	$0
LORI GILL	Director	1.00	Director	$0	$0	$0
DAN COOPER	Director	0.00	Director	$0	$0	$0
MATT SHERMMOEN	Director	1.00	Director	$0	$0	$0
SHANNON BENOLKEN	Director	1.00	Director	$0	$0	$0
GABBY JERULLE	Director	1.00	Director	$0	$0	$0
JODI PIEKARSKI	PAST CHAIR	1.00	Director	$0	$0	$0
MELISSA SWENSON	Treasurer	1.00	Officer 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	No data	No data	No data	No data
2023	$389,990	$347,749	$309,474	$42,241
2022	$334,894	$300,839	$258,930	$34,055
2021	$301,514	$292,036	$234,657	$9,478
2020	$277,457	$292,120	$228,282	$-14,663
2019	$316,718	$307,197	$301,767	$9,521
2018	$316,970	$300,195	$303,347	$16,775

GRAND RAPIDS AREA CHAMBER OF COMMERCE