WAYNE COUNTY CHAMBER OF COMMERCE (EIN 580540098) - 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

1949

Legal Domicile

Principal Officer

DEENA BENNETT

Phone

9124272028

Tax Period

2024-07-01 to 2025-06-30

WAYNE COUNTY CHAMBER OF COMMERCE, founded in 1949, is a small nonprofit in the Community Improvement sector that reported $202K in total revenue in fiscal year 2024.

Mission

TO ADVANCE THE COMMERCIAL, INDUSTRIAL, AGRICULTURE, CULTURAL, CIVIC, AND GENERAL ECONOMIC INTEREST OF WAYNE COUNTY. ALSO TO SPUR ECONOMIC DEVELOPMENT & ENHANCE THE QUALITY OF LIFE FOR OUR 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 $77,329

Program Service Revenue $122,449

Investment Income $718

Other Revenue $1,282

TOTAL REVENUE $201,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,869

Fundraising Expenses $0

Program Expenses $198,443

Other Expenses $45,249

TOTAL EXPENSES $198,443

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,778	$205,420	0.0%
Expenses	$198,443	$198,365	+0.0%
Net Income	$3,335	$7,055	-0.5%

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

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
ALAN VOLSKAY	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
MARK WATSON	CHAIR-ELECT	1.00	Director	$0	$0	$0
MCKINLEY RAVENELL	CHAIRMAN	2.00	Director	$0	$0	$0
GINGER PROUDFOOT	BUSINESS DEVELOPMENT	1.00	Director	$0	$0	$0
DR CRESTON GROOVER	GOVERNMENTAL AFFAIRS	1.00	Director	$0	$0	$0
JODI LEWIS	MEMBERSHIP SERVICES	1.00	Director	$0	$0	$0
IMAN JOHNSON	EDUCATION	1.00	Director	$0	$0	$0
KELLY SHANKLIN	COMMUNITY DEVELOPMENT	1.00	Director	$0	$0	$0
KELLI LAMB	SPECIAL PROJECTS	1.00	Director	$0	$0	$0
APRIL BANKS	DIRECTOR	1.00	Director	$0	$0	$0
DR REGIIE BURGESS	DIRECTOR	1.00	Director	$0	$0	$0
KEITH DUNCAN	DIRECTOR	1.00	Director	$0	$0	$0
CINDY HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
WILL HURST	DIRECTOR	1.00	Director	$0	$0	$0
MELISA MALLARD	DIRECTOR	1.00	Director	$0	$0	$0
SHAUNA MATTINGLY	DIRECTOR	1.00	Director	$0	$0	$0
RAY MOORE	DIRECTOR	1.00	Director	$0	$0	$0
EMILY NOLAN	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE RIDDLE	DIRECTOR	1.00	Director	$0	$0	$0
DONNIE RAY	DIRECTOR	1.00	Director	$0	$0	$0
HOLLI STEVENS	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	$201,778	$198,443	$370,053	$3,335
2024	$205,420	$198,365	$366,385	$7,055
2023	$222,014	$222,731	$361,897	$-717
2022	$212,964	$194,834	$362,240	$18,130
2020	$221,536	$182,418	$338,338	$39,118
2019	$223,910	$200,963	$299,403	$22,947
2018	$279,999	$213,713	$276,023	$66,286

WAYNE COUNTY CHAMBER OF COMMERCE