Armada Area Chamber of Commerce

EIN: 463032714 Community Improvement

Armada, MI

Total Revenue
$7,036
Total Expenses
$7,720
Total Assets
$2,229
Net Assets
$2,229
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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
2013
Legal Domicile
MI
Principal Officer
Carolyn Sweeney
Phone
5867848873
Tax Period
2024-01-01 to 2024-12-31

Armada Area Chamber of Commerce, founded in 2013, is a micro nonprofit in the Community Improvement sector that reported $7K in total revenue in fiscal year 2024.

Mission

The mission of the Armada Area Chamber of Commerce is to provide leadership that supports the existing business community while promoting favorable economic growth.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,036
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,036

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,964
Other Expenses $7,720
TOTAL EXPENSES $7,720

Year-over-Year Comparison

2024 2023 Change
Revenue $7,036 N/A N/A
Expenses $7,720 N/A N/A
Net Income $-684 $0 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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
17

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
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Emily Sawitzky Director 0
Director
$0 $0 $0
Katherine Bowen President Elect 0
Director
$0 $0 $0
Samantha Boelke Director 0
Director
$0 $0 $0
Carolyn Sweeney Treasurer 10
Officer
$0 $0 $0
Matthew Beeman President 10
Officer
$0 $0 $0
Renee Grenaco Secretary 1
Officer
$0 $0 $0
Kevin Grand Director 1
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 $7,036 $7,720 $2,229 $-684
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