ST CLAIR AREA 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

1957

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

ST CLAIR AREA CHAMBER OF COMMERCE, founded in 1957, is a small nonprofit that reported $361K in total revenue in fiscal year 2023. Expenses of $336K left a modest 7% surplus.

Mission

TO PROMOTE THE CITY AND COMMUNITY BUSINESSES

Program Service Accomplishments

Program 1

Expenses: $335,599

HOST COMMUNITY EVENTS ENCOURAGING COMMUNITY BUSINESSES PARTICIPATION AND CITY PRIDE BY PROVIDING ENTERTAINMENT FOR CITIZENS AND GUESTSANNUAL AWARDS BANQUET RECOGNIZING PERSONAL CONTRIBUTIONS TO THE CITY AND ITS DEVELOPMENTSPONSORING AN ANNUAL GOLF TOURNAMENT BRINGING BUSINESS OWNERS AND CITIZENS TOGETHER

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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 $48,166

Program Service Revenue $310,047

Investment Income $3,110

Other Revenue $0

TOTAL REVENUE $361,323

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $194,597

Fundraising Expenses $0

Program Expenses $335,599

Other Expenses $140,002

TOTAL EXPENSES $335,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$361,323	N/A	N/A
Expenses	$335,599	N/A	N/A
Net Income	$25,724	N/A	N/A

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
CHARLENE SALING	EXECUTIVE DIRECTOR	32.00	Director Key Emp	$0	$0	$0
MELISSA HUSEREAU	VICE PRESIDENT	0.00	Director	$0	$0	$0
CHERYL DAY LIPPERT	PRESIDENT	0.00	Officer	$0	$0	$0
CHRISTINE DULWORTH	PAST PRESIDENT	0.00	Officer	$0	$0	$0
CLAYTON BUCKTHORPE	SECRETARYTREASURER	0.00	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	No data	No data	No data	No data
2023	$361,323	$335,599	$175,260	$25,724
2022	$321,325	$347,306	$150,569	$-25,981
2021	$352,623	$380,398	$190,337	$-27,775
2020	$246,983	$190,545	$208,564	$56,438
2019	$230,228	$175,945	$163,512	$54,283
2018	$200,813	$167,890	$119,433	$32,923