BETHEL AREA CHAMBER OF COMMERCE (EIN 010440342) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Phone

2078242282

Tax Period

2024-01-01 to 2024-12-31

BETHEL AREA CHAMBER OF COMMERCE, founded in 1988, is a small nonprofit that reported $217K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

PROMOTING BUSINESS IN THE BETHEL MAINE AREA. PROMOTIONAL ACTIVITIES INCLUDE PRODUCING BROCHURES FOR THE NATURAL AND BUSINESS FEATURES OF THE AREA, COORDINATING ARE ADVERTISING AND LODGING RESERVATION SERVICES FOR MEMBERS, AND ANSWERING QUESTIONS RECEIVED.

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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 $0

Program Service Revenue $216,524

Investment Income $30

Other Revenue $0

TOTAL REVENUE $216,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,544

Fundraising Expenses $17,147

Program Expenses $175,636

Other Expenses $102,695

TOTAL EXPENSES $217,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,554	$158,798	+0.4%
Expenses	$217,239	$225,229	0.0%
Net Income	$-685	$-66,431	-1.0%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BJ OTTEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
TYLER BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
SARA HEMEON	DIRECTOR	1.00	Director	$0	$0	$0
TORI HICINBOTHEM	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN WAINWRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA MASTEN-WILLIAMSON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN S LEEN JR	DIRECTOR	1.00	Director	$0	$0	$0
NATASHA COLBRY	DIRECTOR	1.00	Director	$0	$0	$0
JANET EVERETT	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA BARRETT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN POOLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD ALLEN	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
JAY KIEL	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHANIE CAYER	SECRETARY	1.00	Officer 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	$216,554	$217,239	$39,892	$-685
2023	$158,798	$225,229	$58,339	$-66,431
2022	$191,548	$230,408	$115,145	$-38,860
2022	$201,987	$230,719	$115,190	$-28,732
2021	$322,872	$253,832	$148,776	$69,040
2020	$163,759	$195,285	$62,891	$-31,526
2019	$337,306	$338,755	$108,202	$-1,449
2018	$365,296	$360,415	$105,806	$4,881

BETHEL AREA CHAMBER OF COMMERCE