HAWARDEN CHAMBER & ECONOMIC DEVELOPMENT INC (EIN 421516190) - 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

2010

Legal Domicile

Principal Officer

MICHELLE KLOCKE

Phone

7125512413

Tax Period

2024-01-01 to 2024-12-31

HAWARDEN CHAMBER & ECONOMIC DEVELOPMENT INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $105K in total revenue in fiscal year 2024. Net assets of $256K represent 29 months of operating reserves.

Mission

PROMOTE THE COMMERCIAL AND AESTHETIC INTERESTS AND ENDEAVORS OF THE HAWARDEN ARE 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 (2024)

Revenue Breakdown

Contributions & Grants $44,140

Program Service Revenue $60,608

Investment Income $96

Other Revenue $0

TOTAL REVENUE $104,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,428

Fundraising Expenses $0

Other Expenses $54,655

TOTAL EXPENSES $102,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$104,844	$104,026	+0.0%
Expenses	$102,083	$102,869	0.0%
Net Income	$2,761	$1,157	+1.4%

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

$41,312

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE COYLE	DIRECTORY	25.00	Key Emp	$41,312	$0	$41,312
MICHELLE KLOCKE	PRESIDENT	N/A	Officer	$0	$0	$0
TARA RAMOS	VICE PRESIDENT	N/A	Officer	$0	$0	$0
LANCE STEUCK	ECONOMIC DEVELOPMENT CHAIR	N/A	Officer	$0	$0	$0
BRENNA ERICSON	RETAIL COMMITTEE CHAIR	N/A	Officer	$0	$0	$0
MACKENZIE FELDHACKER	ORGANIZATION COMMITTEE CHAIR	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
2025	No data	No data	No data	No data
2024	$104,844	$102,083	$255,646	$2,761
2023	$104,026	$102,869	$253,686	$1,157
2021	$108,738	$123,752	$299,407	$-15,014
2020	$97,138	$101,619	$449,421	$-4,481
2019	$112,505	$106,950	$318,881	$5,555
2018	$98,575	$97,745	$313,324	$830

HAWARDEN CHAMBER & ECONOMIC DEVELOPMENT INC