OGUNQUIT 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

1966

Legal Domicile

Principal Officer

BRIAN CRAWFORD

Phone

2076461279

Tax Period

2023-11-01 to 2024-10-31

OGUNQUIT CHAMBER OF COMMERCE, founded in 1966, is a small nonprofit in the Community Improvement sector that reported $336K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $439K exceeded revenue, resulting in a 31% operating deficit.

Mission

THE OGUNQUIT CHAMBER OF COMMERCE PROMOTES BUSINESS, ENHANCES ECONOMIC AND COMMUNITY DEVELOPMENT AND SERVES AS A PARTNER IN IMPROVING THE OVERALL QUALITY OF LIFE IN THE OGUNQUIT AREA.

Program Service Accomplishments

Program 1

THE OGUNQUIT CHAMBER PRODUCES AND DISTRIBUTES A VISITOR'S GUIDE, A MAP OF THE OGUNQUIT AREA, AND A DINING GUIDE. THE GUIDE OFFERS SUGGESTIONS ON WHAT TO SEE AND DO, AND WHERE TO DINE, SHOP AND STAY IN THE LOCAL AREA. THE GUIDE AND MAP ARE DISTRIBUTED AT THE OGUNQUIT CHAMBER WELCOME CENTER, BY MAIL BY REQUEST, AND AT MEMBER BUSINESSES AND AT MUNICIPAL PARKING LOTS. WE PRINT 25,000 COPIES OF THE VISITOR'S GUIDE AND 20,000 COPIES OF THE MAP. DIGITAL COPIES ARE AVAILABLE FOR DOWNLOAD ON OGUNQUIT.ORG. THE CHAMBER RAISES FUNDS FROM MEMBER BUSINESSES FOR THE COMMUNITY'S RENOWNED ANNUAL FOURTH OF JULY FIREWORKS SHOW. IN ADDITION TO HOSTING THE FIREWORKS SHOW, THE CHAMBER PRODUCES FOUR OTHER FESTIVALS TO HELP BRING GUESTS TO THE COMMUNITY DURING THE "SHOULDER SEASON": BONAIRE, CHRISTMAS BY THE SEA, OGUNQUITFEST AND PRIDE. BONAIRE IS AN ALL-DAY MUSIC FESTIVAL HELD ON AN OCEANFRONT STAGE, FEATURING LOCAL ARTISTS AND A HEADLINE BAND; IT IS SUPPORTED WITH ADDITIONAL ACTIVITIES THROUGHOUT TOWN. CHRISTMAS BY THE SEA, NOW IN ITS 37TH YEAR, BRINGS THOUSANDS OF GUESTS TO TOWN FOR THE ANNUAL PARADE, TREE LIGHTINGS, AND BONFIRE & FIREWORKS DISPLAY. OGUNQUITFEST ALSO BRINGS THOUSANDS OF GUESTS TO TOWN, AND CELEBRATES THE HARVEST SEASON WITH A CLASSIC CAR SHOW, ARTISAN CRAFT FAIR, AND HALLOWEEN-THEMED ACTIVITIES. PRIDE IS A RELATIVELY-NEW EVENT, NOW IN ITS THIRD YEAR, AND JOYFULLY SALUTES THE LEGACY OF THE LGBTQ+ COMMUNITY IN OGUNQUIT, WITH A PRIDE FLAG RAISING, COMMUNITY PICNIC, AND MUSIC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $109,853

Program Service Revenue $127,870

Investment Income $36,868

Other Revenue $61,285

TOTAL REVENUE $335,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $259,268

Fundraising Expenses $0

Other Expenses $179,626

TOTAL EXPENSES $438,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$335,876	$980,197	-0.7%
Expenses	$438,894	$365,866	+0.2%
Net Income	$-103,018	$614,331	-1.2%

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

$90,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICE PEARCE	EXECUTIVE DI	40.00	Director	$90,500	$0	$90,500
MICHAEL CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN CAREY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA CHADBOURNE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN CRAWFORD	CHAIR	1.00	Officer Director	$0	$0	$0
PAUL HUMPHREY	DIRECTOR	1.00	Director	$0	$0	$0
KATIE KEENE	SECRETARY	1.00	Officer Director	$0	$0	$0
RAMSEY LAFAYETTE	DIRECTOR	1.00	Director	$0	$0	$0
MEG LAMPREY	DIRECTOR	1.00	Director	$0	$0	$0
GARY LATULIPPE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID NOSNIK	TREASURER	1.00	Officer Director	$0	$0	$0
MARK SAULNIER	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE TROMBLEE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT VOGEL	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
2024	$335,876	$438,894	$1,722,338	$-103,018
2023	$980,197	$365,866	$1,443,093	$614,331
2022	$368,670	$374,744	$848,006	$-6,074
2021	$384,833	$331,842	$835,676	$52,991
2020	$314,154	$311,501	$662,004	$2,653
2019	$400,571	$360,041	$547,925	$40,530