MARION AREA CHAMBER FOUNDATION

EIN: 881193994 501(c)(3) Community Improvement

MARION, OH

Total Revenue
$43,590
Total Expenses
$31,853
Total Assets
$13,086
Net Assets
$11,737
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
OH
Principal Officer
HEIDI J JONES
Phone
7403822181
Tax Period
2022-03-28 to 2022-12-31

MARION AREA CHAMBER FOUNDATION, founded in 2022, is a micro nonprofit in the Community Improvement sector that reported $44K in total revenue in fiscal year 2022. The organization ran a surplus of $12K, a strong 27% operating margin.

Mission

TO FOSTER THE NEXX GENERATION OF LEADERS AND BUSINESS PEOPLE BY PROVIDING EDUCATIONAL PROGRAMS, LEADERSHIP TRAINING, SOCIALIZING ACTIVITIES, AND OTHER PROGRAMS ESPECIALLY TARGETED TO THOSE IN HIGH SCHOOL THROUGH THE AGE OF FORTY-FIVE. THESE PROGRAMS ARE TO BE PROVIDED AT NO COST TO THE PARTICIPANTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $33,590
Investment Income $0
Other Revenue $10,000
TOTAL REVENUE $43,590

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,392
Fundraising Expenses $0
Program Expenses $10,094
Other Expenses $11,461
TOTAL EXPENSES $31,853

Year-over-Year Comparison

2022 2021 Change
Revenue $43,590 N/A N/A
Expenses $31,853 N/A N/A
Net Income $11,737 N/A 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
8
Independent Members
8
Employees
N/A
Volunteers
20

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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN SMITH CHAIR N/A
Director
$0 $0 $0
JAQUE PSYHOGIOS VICE CHAIR N/A
Director
$0 $0 $0
SHARON BALDINGER VICE CHAIR N/A
Director
$0 $0 $0
GRANT GATES 2ND VICE CHA N/A
Director
$0 $0 $0
SCOTT KNOWLES TREASURER N/A
Director
$0 $0 $0
TIM FRENCH DIRECTOR N/A
Director
$0 $0 $0
BECKY WORLEY DIRECTOR N/A
Director
$0 $0 $0
AMBER WERTMAN DIRECTOR N/A
Director
$0 $0 $0
MATTHEW CARBARY PAST PRESIDE N/A
Officer
$0 $0 $0
HEIDI J JONES 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
2022 $43,590 $31,853 $13,086 $11,737
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