LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE INC (EIN 030108780) - 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

1911

Legal Domicile

Principal Officer

CATHERINE DAVIS

Phone

8028633489

Tax Period

2023-10-01 to 2024-09-30

LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE INC, founded in 1911, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 12% surplus.

Mission

THE LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE ADVOCATES FOR THE THRIVING PRIVATE SECTOR ECONOMY FOR THE BENEFIT OF ITS MEMBERS AND THE COMMUNITY THROUGH EDUCATION, ADVOCACY AND PROGRAMS.

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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 $68,345

Program Service Revenue $2,299,680

Investment Income $329,942

Other Revenue $164,428

TOTAL REVENUE $2,862,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $366,733

Fundraising Expenses $0

Other Expenses $2,150,015

TOTAL EXPENSES $2,516,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,862,395	$2,271,489	+0.3%
Expenses	$2,516,748	$2,378,774	+0.1%
Net Income	$345,647	$-107,285	-4.2%

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

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

$262,978

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE LANE	CHAIR	1.00	Officer Director	$0	$0	$0
HEATHER ROSS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GREGORY MAGUIRE	PAST CHAIR	1.00	Director	$0	$0	$0
ASHLEY WAINER	PAST CHAIR	1.00	Director	$0	$0	$0
CHRIS LEFF	DIRECTOR	1.00	Director	$0	$0	$0
JESSE BRIDGES	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE BUSWELL	DIRECTOR	1.00	Director	$0	$0	$0
RYAN CHAFFIN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK GALLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
ALEX HALPERN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
SARAH RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
TINOTENDA TINO CHARLES RUTANHIRA	DIRECTOR	1.00	Director	$0	$0	$0
RICK VINCENT	DIRECTOR	1.00	Director	$0	$0	$0
BRAD WORTHEN	DIRECTOR	1.00	Director	$0	$0	$0
BEN TRAVERSE	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA SHIRK	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WISEHART	DIRECTOR	1.00	Director	$0	$0	$0
KURT GRUENDLING	DIRECTOR	1.00	Director	$0	$0	$0
LIZ HUNT	DIRECTOR	1.00	Director	$0	$0	$0
CATHY DAVIS	PRESIDENT	40.00	Officer	$118,923	$26,127	$145,050
PATRICK O'NEIL	VP OF FINANCE & OPS	40.00	Officer	$111,234	$6,694	$117,928

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	$2,862,395	$2,516,748	$4,476,205	$345,647
2023	$2,271,489	$2,378,774	$4,085,756	$-107,285
2022	$2,593,316	$2,211,091	$3,496,080	$382,225
2021	$2,090,973	$1,804,445	$3,918,208	$286,528
2020	$1,933,886	$2,213,711	$3,429,202	$-279,825
2019	$2,452,835	$2,407,007	$4,043,493	$45,828
2018	$2,365,940	$2,347,244	$4,033,359	$18,696

LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE INC