LEHI AREA CHAMBER OF COMMERCE INC

EIN: 020618882 Community Improvement

LEHI, UT

Total Revenue
$243,414
Total Expenses
$290,799
Total Assets
$132,442
Net Assets
$133,175
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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
1955
Legal Domicile
UT
Phone
8019016664
Tax Period
2024-01-01 to 2024-12-31

LEHI AREA CHAMBER OF COMMERCE INC, founded in 1955, is a small nonprofit in the Community Improvement sector that reported $243K in total revenue in fiscal year 2024. Expenses of $291K exceeded revenue, resulting in a 19% operating deficit.

Mission

GIVING A FORMAT FOR BUSINESSES TO COME TOGETHER TO BETTER THE COMMUNITY AS WELL AS EACH OTHERS BUSINESS RELATIONSHIPS AND COMMERCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $183,520
Program Service Revenue $53,440
Investment Income $0
Other Revenue $6,454
TOTAL REVENUE $243,414

Expense Breakdown

Grants Paid $0
Salaries & Benefits $201,161
Fundraising Expenses $0
Other Expenses $89,638
TOTAL EXPENSES $290,799

Year-over-Year Comparison

2024 2023 Change
Revenue $243,414 $243,976 0.0%
Expenses $290,799 $257,530 +0.1%
Net Income $-47,385 $-13,554 +2.5%
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
18
Independent Members
16
Employees
2
Volunteers
25

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
3
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCI GRUNDRY President 0.00
Officer Director
$0 $0 $0
CRAIG PETERSON Chairman 2.00
Officer Director
$0 $0 $0
KENT LOOSIE Chairman-elect 1.00
Officer Director
$0 $0 $0
ANDY BADGER BOARD MEMBER 0.00
Director
$0 $0 $0
DOUG MELDRUM BOARD MEMBER 0.00
Director
$0 $0 $0
MARLIN ELDRED BOARD MEMBER 0.00
Director
$0 $0 $0
PETER JAY BOARD MEMBER 0.00
Director
$0 $0 $0
VANESSA PEREZ BOARD MEMBER 0.00
Director
$0 $0 $0
CLAY CHRISTENSEN BOARD MEMBER 0.00
Director
$0 $0 $0
NICK ANDERSON BOARD MEMBER 0.00
Director
$0 $0 $0
AARON GOODRICH BOARD MEMBER 0.00
Director
$0 $0 $0
CURTIS MCGEE BOARD MEMBER 0.00
Director
$0 $0 $0
TERI SUNDERLAND BOARD MEMBER 0.00
Director
$0 $0 $0
NICK ANDERSON BOARD MEMBER 0.00
Director
$0 $0 $0
DUSTY PYNE BOARD MEMBER 0.00
Director
$0 $0 $0
PHIL DAVIS BOARD MEMBER 0.00
Director
$0 $0 $0
CORY MALOY BOARD MEMBER 0.00
Director
$0 $0 $0
CARMEN ZAPATA BOARD MEMBER 0.00
Director
$0 $0 $0
MARK WELCKER PRESIDENT 40.00
$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
2025 No data No data No data No data
2024 $243,414 $290,799 $132,442 $-47,385
2023 $243,976 $257,530 $182,688 $-13,554
2022 $238,592 $199,306 $200,829 $39,286
2020 $253,126 $190,417 $123,505 $62,709
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