GRAND ISLAND AREA CHAMBER OF COMMERCE INC

EIN: 470387580

GRAND ISLAND, NE

Total Revenue
$628,600
Total Expenses
$598,746
Total Assets
$1,016,464
Net Assets
$994,024
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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
1951
Legal Domicile
NE
Principal Officer
CINDY JOHNSON
Phone
3083829210
Tax Period
2023-01-01 to 2023-12-31

GRAND ISLAND AREA CHAMBER OF COMMERCE INC, founded in 1951, is a small nonprofit that reported $629K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $599K left a modest 5% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE MEMBERSHIP AND BENEFITS TO THE LOCAL BUSINESS COMMUNITY AND TO PROMOTE COMMUNITY DEVELPMENT AND EDUCATION.

Program Service Accomplishments

Program 1

THE ORGANIZATION'S MISSION IS TO PROVIDE MEMBERSHIP AND BENEFITS TO THE LOCAL BUSINESS COMMUNITY AND TO PROMOTE COMMUNITY DEVELPMENT AND EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $619,563
Investment Income $9,037
Other Revenue $0
TOTAL REVENUE $628,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $364,393
Fundraising Expenses $0
Other Expenses $234,353
TOTAL EXPENSES $598,746

Year-over-Year Comparison

2023 2022 Change
Revenue $628,600 $661,966 -0.1%
Expenses $598,746 $587,514 +0.0%
Net Income $29,854 $74,452 -0.6%
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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Governance

Voting Members
16
Independent Members
16
Employees
6
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
1
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK ALLEN BOARD MEMBER N/A
Director
$0 $0 $0
KRAE DUTOIT BOARD MEMBER N/A
Director
$0 $0 $0
RYAN DEXTER BOARD MEMBER N/A
Director
$0 $0 $0
DR TAWANA GROVER BOARD MEMBER N/A
Director
$0 $0 $0
DR MARCIE KEMNITZ BOARD MEMBER N/A
Director
$0 $0 $0
JASON MORLEDGE BOARD MEMBER N/A
Director
$0 $0 $0
MIKE SCHAEFER BOARD MEMBER N/A
Director
$0 $0 $0
JEFF PALIK BOARD MEMBER N/A
Director
$0 $0 $0
KIRK PALMER BOARD MEMBER N/A
Director
$0 $0 $0
TIM WOJCIK BOARD MEMBER N/A
Director
$0 $0 $0
JUSTIN PFENNING BOARD MEMBER N/A
Director
$0 $0 $0
ROGER BULLINGTON BOARD CHAIR N/A
Director
$0 $0 $0
LARRY SPEICHER BOARD MEMBER N/A
Director
$0 $0 $0
TAMMY SLATER BOARD MEMBER N/A
Director
$0 $0 $0
BRIAN MUSTION BOARD MEMBER N/A
Director
$0 $0 $0
CINDY JOHNSON PRESIDENT 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
2024 No data No data No data No data
2023 $628,600 $598,746 $1,016,464 $29,854
2022 $661,966 $587,514 $996,999 $74,452
2021 $686,191 $556,434 $920,892 $129,757
2020 $581,555 $497,236 $805,090 $84,319
2019 $626,913 $529,004 $736,164 $97,909
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