MONROE CHAMBER OF COMMERCE (EIN 911374225) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

JANELLE DREWS

Tax Period

2024-01-01 to 2024-12-31

MONROE CHAMBER OF COMMERCE, founded in 1969, is a small nonprofit that reported $203K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $236K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE MONROE CHAMBER OF COMMERCE IS THE PREMIER MEMBER-DRIVEN BUSINESS LEAGUE IN THE CITY OF MONROE. THE MCC WORKS ON BEHALF OF PRIVATE-SECTOR BUSINESS AND THE COMMUNITY TO DEVELOP PARTNERSHIPS; SUPPORT PROSPEROUS CONDITIONS FOR BUSINESS AND FACILITATE GROWTH NEEDED FOR A STABLE TAX BASE IN MONROE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $121,454

Program Service Revenue $81,601

Investment Income $0

Other Revenue $0

TOTAL REVENUE $203,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,989

Fundraising Expenses $0

Other Expenses $106,703

TOTAL EXPENSES $235,692

Year-over-Year Comparison

	2024	2023	Change
Revenue	$203,055	$242,212	-0.2%
Expenses	$235,692	$177,627	+0.3%
Net Income	$-32,637	$64,585	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$68,167

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANELLE DREWS	DIRECTOR	40.00	Director	$68,167	$0	$68,167
DANY HERNANDEZ	BOARD MEMBER	N/A	Director	$0	$0	$0
JESSE HOGUE	BOARD MEMBER	N/A	Director	$0	$0	$0
KIMBERLY LYNN	BOARD MEMBER	N/A	Director	$0	$0	$0
CAROLINA MENDEZ	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE BUSE	PRESIDENT	N/A	Officer	$0	$0	$0
LISA CALDWELL	SECRETARY	N/A	Officer	$0	$0	$0
JAMES REYNA	TREASURER	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	$203,055	$235,692	$75,391	$-32,637
2023	$242,212	$177,627	$106,315	$64,585
2021	$184,687	$162,479	$83,855	$22,208
2020	$364,019	$343,112	$26,127	$20,907

MONROE CHAMBER OF COMMERCE