Madison 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

1993

Legal Domicile

Phone

2563258317

Tax Period

2024-10-01 to 2025-09-30

Madison Chamber of Commerce, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $738K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $672K left a modest 9% surplus.

Mission

to advance the Madison business community by creating opportunities to celebrate success, inspire progress and connect members with the resources and relationships needed to grow and thrive. Our mission is to "Celebrate, Inspire & Connect Madison."

Program Service Accomplishments

Program 1

Engage with Luncheons, Business After Hours, Business Development Seminars, Best in Business Awards, Miscellaneous Events: to provide a venue for local businesses & their community leaders to...

Engage with Luncheons, Business After Hours, Business Development Seminars, Best in Business Awards, Miscellaneous Events: to provide a venue for local businesses & their community leaders to interact and build networks. Average monthly attendance is about 45 individuals.

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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 $227,500

Program Service Revenue $508,002

Investment Income $2,191

Other Revenue $0

TOTAL REVENUE $737,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,724

Fundraising Expenses $0

Program Expenses $0

Other Expenses $358,781

TOTAL EXPENSES $671,505

Year-over-Year Comparison

	2024	2023	Change
Revenue	$737,693	$622,032	+0.2%
Expenses	$671,505	$609,711	+0.1%
Net Income	$66,188	$12,321	+4.4%

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

$113,457

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DeWayne Howell	Chair	4.0	Officer Director	$0	$0	$0
Kathy Mann	Secretary	1.0	Officer Director	$0	$0	$0
Michael Rodgers	Vice Chair	1.0	Officer Director	$0	$0	$0
Robert Pro	Treasurer	1.0	Officer Director	$0	$0	$0
Carlos Mendoza	Director	0.5	Director	$0	$0	$0
David Raby	Director	0.5	Director	$0	$0	$0
Grant Baker	Director	0.5	Director	$0	$0	$0
Jamie Koshofer	Director	0.5	Director	$0	$0	$0
Jeremy Gaertner	Director	0.5	Director	$0	$0	$0
Jessica Luther	Director	0.5	Director	$0	$0	$0
Joey Ceci	Director	0.5	Director	$0	$0	$0
Lee Shaw	Director	0.5	Director	$0	$0	$0
Melinda Sanders	Director	0.5	Director	$0	$0	$0
Victor Vasile	Director	0.5	Director	$0	$0	$0
Michelle Epling	Executive Director	40.0	Officer	$113,457	$0	$113,457

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	$737,693	$671,505	$640,743	$66,188
2024	$622,032	$609,711	$576,287	$12,321
2023	$416,903	$436,083	$304,851	$-19,180
2022	$247,070	$206,504	$282,954	$40,566
2021	$270,006	$188,365	$246,887	$81,641
2020	$377,494	$311,674	$205,870	$65,820
2019	$388,861	$342,979	$179,454	$45,882
2018	$384,999	$338,021	$133,367	$46,978