Greater Bridgman Area Chamber of Commerce and Growth Alliance
Nonprofit profile at a glance
- EIN
- 204154224
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990 2019, Form 990-EZ 2024, Form 990-N 2022
- Location
- Bridgman, MI, USA
- Phone
- 2694654413
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $86,543
- Expenses
- $76,222
- Assets
- $56,078
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MARTY MASON (PRESIDENT)
- CHERI HEWARD (VICE PRESIDENT)
People named in this filing
- MARTY MASON (PRESIDENT)
- CHERI HEWARD (VICE PRESIDENT)
- AMANDA DREW (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation, the greater bridgman area chamber of commerce and growth alliance is organized for the specific purpose of undertaking programs and activities that contribute to the advancement of the greater bridgman community as a place to visit, live, work and play; to promote economic development oppotunities for new business location and existing business expansion and to engage in any activities related or incidental thereto which may be permitted pursuant to Michigan public act 162 of 1982, as amended, and to seek and maintain recognition as a "tax-exempt" charitable organization pursuant to section 501(c)(3) of the internal revenue code.
What it reported doing in 2024
Providing chamber, economic, and community development services and promoting the lake to grapes region.
Operating model
- Revenue model
- Donor-supported. 92% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 100
- Sustainability: 56
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.1%; rating input score 88
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 11.9%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 0.74; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -67.5% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 3.5% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: -6.3% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 88.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $76K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.