MIDDLETOWN AREA CHAMBER OF COMMERCE (EIN 510274340) - 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

1972

Legal Domicile

Principal Officer

MICHELLE GRAMLICH

Phone

3023787545

Tax Period

2024-07-01 to 2025-06-30

MIDDLETOWN AREA CHAMBER OF COMMERCE, founded in 1972, is a small nonprofit in the Education sector that reported $291K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

PROMOTE SMALL BUSINESS DEVELOPMENT IN MIDDLETOWN DE BY PROVIDING PROGRAMS THAT NURTURE SMALL AND MICRO BUSINESSES AND ENHANCE THE AVAILABLE WORKFORCE.

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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 $135,637

Program Service Revenue $110,227

Investment Income $0

Other Revenue $44,926

TOTAL REVENUE $290,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $175,510

Fundraising Expenses $19,760

Program Expenses $232,277

Other Expenses $128,412

TOTAL EXPENSES $303,922

Year-over-Year Comparison

	2024	2023	Change
Revenue	$290,790	$218,797	+0.3%
Expenses	$303,922	$259,419	+0.2%
Net Income	$-13,132	$-40,622	-0.7%

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
JOSH WILSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATIE FALKOWSKI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KRISTEN KRENZER	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN ELDRIDGE	TREASURER	1.00	Officer Director	$0	$0	$0
DR FLAVEE BANFIELD	DIRECTOR	1.00	Director	$0	$0	$0
DAVE DETRICK	DIRECTOR	1.00	Director	$0	$0	$0
KIEL DRAKE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
HEATHER LONG	DIRECTOR	1.00	Director	$0	$0	$0
KAROLYN NAGEL	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN YOCUM	DIRECTOR	1.00	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
2025	$290,790	$303,922	$10,989	$-13,132
2024	$218,797	$259,419	$23,946	$-40,622
2023	$241,570	$252,241	$57,457	$-10,671
2022	$238,572	$252,998	$65,225	$-14,426
2021	$178,327	$222,003	$83,167	$-43,676
2020	$219,930	$263,801	$134,140	$-43,871
2018	$234,580	$254,567	$31,721	$-19,987

MIDDLETOWN AREA CHAMBER OF COMMERCE